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United States

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

Form 8-K

 

Current Report

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

July 19, 2024

Date of Report (Date of earliest event reported)

 

Cheetah Net Supply Chain Service Inc.

(Exact Name of Registrant as Specified in its Charter)

 

North Carolina  001-41761  81-3509120
(State or other jurisdiction
of incorporation)		  (Commission File Number)  (I.R.S. Employer
Identification No.)

 

6201 Fairview Road, Suite 225
 Charlotte, North Carolina		   28210
(Address of Principal Executive Offices)   (Zip Code)

 

(704) 826-7280

Registrant’s telephone number, including area code

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which
registered
Class A Common Stock   CTNT   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On July 19, 2024, Cheetah Net Supply Chain Service Inc. (the “Company”) entered into a lease agreement (the “Lease”) with Zina Development, LLC, a California limited liability company (the “Lessor”), for office space of approximately 15,000 square feet located at 8707 Research Drive, Irvine, CA 92618 (the “Property”). The Company plans to use the Property for general office purposes. The Lease commenced on July 23, 2024 and will expire on July 31, 2027. West Buy Media Inc., a North Carolina corporation wholly owned by the Company’s chief executive officer, Huan Liu, served as the guarantor in connection with the Lease.

 

The monthly base rent ranges from $42,000 to $45,427, adjusted gradually over the Lease’s term. The Company posted a security deposit of $100,000, which is subject to use by the Lessor under certain circumstances, per the terms of the Lease. The Lease also contains customary termination, renewal, and expense arrangement provisions.

 

The foregoing description of the Lease is qualified in its entirety by reference to the Lease, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024.

 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant. 

 

The information set forth above in Item 1.01 of this Current Report on Form 8-K regarding the Lease is incorporated into this Item 2.03 by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit
Number		   Exhibit
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

  

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 25, 2024

 

  Cheetah Net Supply Chain Service Inc.
     
  By: /s/ Huan Liu
    Huan Liu
    Chief Executive Officer, Director, and Chairman of the Board of Directors

 

 

 

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Jul. 19, 2024
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Document Type 8-K
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Entity File Number 001-41761
Entity Registrant Name Cheetah Net Supply Chain Service Inc.
Entity Central Index Key 0001951667
Entity Tax Identification Number 81-3509120
Entity Incorporation, State or Country Code NC
Entity Address, Address Line One 6201 Fairview Road, Suite 225
Entity Address, City or Town Charlotte
Entity Address, State or Province NC
Entity Address, Postal Zip Code 28210
City Area Code 704
Local Phone Number 826-7280
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Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock
Trading Symbol CTNT
Security Exchange Name NASDAQ
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Elected Not To Use the Extended Transition Period false
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