Cheetah Net Completes 1-for-150 Reverse Split, Effective September 21
CTNT is trading near its 52-week low of $0.039 (9.4% above the low) on elevated volume (3.5× avg).
Summary
Cheetah Net executed a 1-for-150 reverse stock split effective September 21, 2026, cutting its Class A share count from ~199.8M to ~1.33M shares as it works to regain Nasdaq compliance.
Key Events · Corporate Governance and Compliance · CTNT
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1-for-150 Reverse Split Executed
Effective September 21, 2026, every 150 shares of Class A and Class B common stock were combined into one share, reducing Class A shares from ~199.8M to ~1.33M.
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Second Reverse Split in Five Months
This follows the 1-for-200 reverse split executed April 29, 2026, as the company continues efforts to meet Nasdaq's minimum bid price requirement.
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Post-Split Trading Begins September 28
Class A shares are expected to trade on a post-split basis on Nasdaq under ticker CTNT with new CUSIP 16307X400 starting September 28, 2026.
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Financial Distress Context
The Q2 2026 10-Q disclosed going concern considerations and ineffective internal controls; the reverse split addresses listing compliance but not underlying financial weakness.
Analysis · CTNT · Trade & Services
A 1-for-150 reverse stock split has been executed by Cheetah Net, effective September 21, 2026, shrinking its Class A share count from roughly 199.8 million to 1.33 million shares. This marks the second reverse split in five months, following the 1-for-200 split in April 2026, as the company struggles to maintain its Nasdaq listing. While the split mechanically lifts the per-share price, it does not alter the company's market value or its underlying financial distress—the Q2 10-Q disclosed going concern considerations and ineffective internal controls. Trading on a post-split basis is expected to begin September 28, 2026 under the same ticker CTNT with a new CUSIP.
How filings like this one have moved
In the 30 days to Sep 26, 2026, 30.5% of the 1660 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.71%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CTNT was trading at $0.04 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $139.6K. The 52-week trading range was $0.04 to $424.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.