Cheetah Net to Acquire JoyPak Supply LLC, Expanding Supply Chain Footprint
CTNT is trading near its 52-week low of $0.145 (12% below the low) on elevated volume (36× avg).
Summary
Cheetah Net has entered into an agreement to acquire JoyPak Supply LLC. The acquisition expands Cheetah Net's supply chain capabilities and adds a new business line. This follows a period of financial distress and a recent reverse split, making the deal a notable strategic move. The purchase price is $788,000, with $88,000 due within two business days and $700,000 due within two business days after closing, expected by October 15, 2026.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — The purchase price is $788,000, with $88,000 due within two business days and $700,000 due within two business days after closing, expected by October 15, 2026.
At the time of this announcement, CTNT was trading at $0.13 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $478.3K. The 52-week trading range was $0.15 to $424.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.