Liu Huan has made a significant move by acquiring 100,000 shares of Cheetah Net Supply Chain Service Inc. at a price of $3.30 per share. This transaction, which took place on October 9, 2026, reflects Huan's confidence in the company's prospects and strengthens their position as a major stakeholder.
The acquisition is particularly noteworthy as Liu Huan serves as the Chief Executive Officer, Interim Chief Financial Officer, Director, and Chairman of the Board of Directors of Cheetah Net. This dual role highlights Huan's commitment to the company and its strategic direction.
Background
Cheetah Net Supply Chain Service Inc. operates in the wholesale motor vehicles and motor vehicle parts and supplies industry. The company is incorporated in Delaware and has its business address in Irvine, California. Liu Huan, whose Central Index Key is 0001991920, has been actively involved in the company's operations, as evidenced by their recent filings.
What the Filing Says
The SEC filing indicates that Huan purchased the shares through a private placement transaction. According to the filing, "On October 9, 2026, the issuer closed a private placement transaction with the Reporting Person, pursuant to which the Reporting Person purchased 100,000 shares of the issuer's Class B common stock, par value $0.0001 per share, at a purchase price of $3.30 per share." Following this transaction, Huan owns a total of 101,340 shares of the company's stock.
Impact
This acquisition may influence various stakeholders, including current and potential investors in Cheetah Net. Huan's purchase could signal to the market that the company is on a positive trajectory, potentially attracting more attention from investors in the wholesale motor vehicle and parts industry.
What's Next
The filing does not say what happens next.