Cheetah Net Supply Chain Service Signs Definitive Agreement To Acquire Edward Transit Express Group; Cash Payment Of $300,000 And Share Consideration Of Cheetah's Unregistered Class A Common Stock; Price Per Share 80% Of Average Closing Price

Cheetah Net Supply Chain Service Inc. -14.24%

Cheetah Net Supply Chain Service Inc.

CTNT

0.88

-14.24%

The total Acquisition cost includes a cash payment of $300,000 and a share consideration involving the issuance of Cheetah's unregistered Class A common stock (the "Share Consideration"). The per-share price for the Share Consideration will be determined at 80% of the average closing price over the last ten business days preceding the execution of the Agreement, resulting in a market value of $1,200,000. Following the Acquisition, Cheetah will own 100% of Edward.

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via