Cheetah Net Supply Chain Service Inc Files For Public Offering Of Shares Of Class A Common Stock Of Co On Best Effort Basis; Size Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Cheetah Net Supply Chain Service Inc has filed with the SEC for a public offering of its Class A common stock on a best-effort basis, with the size of the offering not disclosed.
December 28, 2023 | 9:19 pm
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Cheetah Net Supply Chain Service Inc has filed for a public offering of its Class A common stock, which may dilute current shareholders' equity and could impact the stock price.
Public offerings often lead to dilution of existing shares, which can negatively affect the stock price in the short term. The lack of details on the offering size leaves uncertainty, but the market typically reacts to the potential increase in share count.
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