SCHEDULE: Cheetah Net Shareholder Protests Dilution, Demands Board Changes

A significant shareholder, Takeover Time 2026 LLC, has filed an amendment to Schedule 13D expressing deep dissatisfaction with Cheetah Net Supply Chain Service Inc.'s recent actions, citing substantial dilution and demanding transparency and board changes.

Summary

• Takeover Time 2026 LLC, holding 1,846,000 shares (0.92%) of Cheetah Net's Class A common stock, has filed an amendment to its Schedule 13D.
• The filing expresses strong dissatisfaction with the company's recent actions, particularly the issuance of new shares leading to significant dilution for existing shareholders.
• Concerns are raised about extraordinary trading volume on September 22, 2026 (over 150 million shares) with a depressed share price, suggesting a potential imbalance of supply and demand.
• The shareholder demands transparency regarding share issuances, recipients, consideration, and purpose.
• The shareholder intends to pursue changes to the Board of Directors and management, including seeking the replacement of the CEO, through lawful processes.
• The shareholder will continue to advocate for transparency, accountability, and fair treatment of shareholders.

Sentiment

Score: 2

Explanation: StockSavvy.ai views this as a negative sentiment due to significant shareholder dissatisfaction and concerns about dilution and market manipulation.

Negatives

• Deep dissatisfaction expressed by a significant shareholder regarding company actions.
• Substantial dilution of existing shareholders' ownership percentage due to recent share issuances.
• Concerns about extraordinary trading volume on September 22, 2026, with a depressed share price, indicating potential market supply/demand issues.
• Lack of transparency perceived by the shareholder regarding recent share transactions.

Risks

• Potential for continued shareholder activism and demands for board and management changes.
• Risk of further legal or corporate governance challenges if transparency and shareholder concerns are not addressed.
• Uncertainty surrounding the impact of significant share dilution on future stock performance.
• Questions regarding the market dynamics and potential manipulation due to high trading volume and depressed prices.

Future Outlook

The shareholder intends to continue reviewing the company's filings, transactions, and trading activity, pursue all lawful avenues, advocate for shareholders, and push for changes to the Board of Directors and management, including seeking the replacement of the CEO.

Management Comments

• I am deeply dissatisfied with the Company's recent actions and the substantial dilution imposed on existing shareholders.
• The Company's actions have affected the ownership position of existing shareholders as a whole, and I believe shareholders deserve transparency regarding the circumstances surrounding these transactions.
• This raises serious questions about the amount of shares being supplied into the market and whether the available supply substantially exceeded the underlying demand.
• Shareholders are not stupid, and we are paying close attention to what has occurred.
• I do not accept the Company's treatment of existing shareholders or the extent of the dilution without scrutiny.
• This isn't over. I will continue to advocate for shareholders and for transparency, accountability and fair treatment.
• I will also continue to pursue changes to the Company's Board of Directors and management, including seeking the replacement of the current Chief Executive Officer, through lawful shareholder and corporate-governance processes.
• I intend to continue pushing for meaningful change and will not stop simply because the Company's recent actions have changed the ownership structure.

Industry Context

StockSavvy.ai notes that significant shareholder dissatisfaction and activism, particularly concerning dilution and transparency, are recurring themes in the current market environment, especially for companies undergoing rapid share issuance or restructuring.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: Potential for continued erosion of ownership value due to dilution, and uncertainty regarding future share price performance. May benefit from increased transparency and accountability if shareholder demands are met.
• Management and Board: Face pressure to address shareholder concerns, potentially leading to changes in leadership or strategy.
• Employees: Indirect impact through potential changes in company direction or leadership stability.

Next Steps

• Shareholder will continue to review company filings, transactions, and trading activity.
• Shareholder will pursue all lawful avenues available.
• Shareholder will continue to advocate for shareholders and for transparency, accountability, and fair treatment.
• Shareholder will continue to pursue changes to the Company's Board of Directors and management.
• Shareholder intends to continue pushing for meaningful change.

Key Dates

Recommendation

The filing indicates significant shareholder discontent and potential for activism, creating uncertainty. While the shareholder's concerns about dilution and transparency are valid, the direct financial impact and the company's response are not yet fully clear. A 'hold' position allows for monitoring of management's actions and the outcome of shareholder advocacy.

Keywords

Schedule 13D, Shareholder Activism, Dilution, Corporate Governance, Board of Directors, Management Change, Transparency, Trading Volume