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Cheetah Net Supply Chain Service Inc. Announces Third Quarter 2024 Results and Provides Corporate Update [Yahoo! Finance]

Cheetah Net Supply Chain Service Inc. (CTNT) 
Company Research Source: Yahoo! Finance
of warehousing and logistics, today reported results for the quarter ended September 30, 2024 and provided a corporate update. Recent Highlights* On July 23, 2024, the Company relocated its headquarters from Charlotte, NC to Irvine, CA, in order to implement its business model transformation, be closer to the important Southern California market, take advantage of the region's well-developed infrastructure and logistics networks, capitalize on the area's large consumer presence, and gain access to California's skilled labor force. On July 26, 2024, the Company closed a public offering of 404,979 shares of its Class A common stock at an offering price of $3.68 per share, pursuant to an effective registration statement on Form S-1 (SEC File No. 333-280743), which was filed with the U.S. Securities and Exchange Commission on July 10, 2024 and declared effective on July 15, 2024, generating net proceeds of $1.1 million after deducting underwriting discounts and other related expense Show less Read more
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