What To Know: The company says the deal, expected to close by December 4, will position Cheetah as a stronger player in the supply chain sector, leveraging TW & EW’s expertise to expand service opportunities.
The $1 million acquisition includes a $200,000 cash payment and $800,000 in unregistered Class A common stock, valued at $1.704 per share. Post-acquisition, TW & EW will operate as a wholly owned subsidiary of Cheetah.
Tony Liu, Chairman and CEO, highlighted the strategic benefits, noting the move would streamline operations and enhance customer offerings, ultimately driving value for stakeholders.
How To Buy CTNT Stock
By now you're likely curious about how to participate in the market for Cheetah Net Supply Chain – be it to purchase shares, or even attempt to bet against the company.
In the the case of Cheetah Net Supply Chain, which is trading at $1.87 as of publishing time, $100 would buy you 53.48 shares of stock.
According to data from Benzinga Pro, CTNT has a 52-week high of $236.16 and a 52-week low of $1.70.
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