Cheetah Net Acknowledges Takeover Time's Move to Replace Board

Key Facts

1Cheetah Net Supply Chain Service acknowledged a revised preliminary consent solicitation statement filed by Takeover Time 2026 LLC.

2Takeover Time 2026 LLC is seeking to remove and replace the Company's current Board of Directors through the solicitation.

Cheetah Net Supply Chain Service Inc. acknowledged a revised preliminary consent solicitation statement filed by Takeover Time 2026 LLC. According to a statement reported by GlobeNewswire, the solicitation seeks to remove and replace the company's current Board of Directors.

CTNT closed at $2.72 on October 14, 2026, with the stock reaching a day high of $2.87 and a low of $2.34 during that session. The hostile attempt to overhaul the board introduces a period of governance uncertainty as Takeover Time 2026 LLC moves to gain control.