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Cheetah Net Establishes $100 Million ATM Equity Program
Cheetah Net Supply Chain Service, Inc. (CTNT) has established a $100 million at-the-market (ATM) equity program with AC Sunshine Securities LLC. This program allows the company to flexibly raise capital by offering Class A common stock without a fixed-size issuance, paying a 3% commission on gross proceeds. TipRanks’ AI Analyst, Spark, rates CTNT as Neutral due to weak financial performance, despite improved deleveraging and cash flow.