Cheetah Net Supply Chain Service Inc. Enters into Agreement to Acquire JoyPak Supply LLC

Cheetah Net plans a $788,000 all-cash purchase of JoyPak to expand into consumer, beauty and personal care product categories.

Rhea-AI Summary

Cheetah Net Supply Chain Service (CTNT) agreed to acquire 100% of the membership interests of JoyPak Supply LLC for an aggregate cash purchase price of $788,000, under a Membership Interest Purchase Agreement announced on September 15, 2026.

JoyPak is a Nevada company focused on the sale of consumer, beauty, personal care and other everyday-use products. The closing of the acquisition is expected within four weeks of the Agreement’s execution, subject to completion of Cheetah’s due diligence review and other customary closing conditions. After completion, JoyPak will operate as a wholly owned subsidiary of Cheetah.

The company believes this acquisition will diversify its product mix and allow entry into consumer, beauty, personal care and other everyday-use product categories, and it states that the transaction is expected to support broader business diversification efforts and its long-term growth strategy.

Positive

• JoyPak acquisition for $788,000 cash expected to close within about four weeks
• Expansion into consumer, beauty and personal care product categories via JoyPak’s business

Negative

• None.

Argus 15 min delay

-14.46% vs previous close $0.13 last price 2331.9x rel. volume Open Argus

Details

Market reaction after consumer-products acquisition: CTNT -14.46%

+9.3% Peak in 0 min

$0.12 $0.16 Day Range

$409,141 Market Cap

Following this news, CTNT has declined 14.46%, reflecting a significant negative market reaction. Argus tracked a peak move of +9.3% during the session. Our momentum scanner has triggered 38 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $0.13. Trading volume is exceptionally heavy at 2331.9x the average, suggesting significant selling pressure.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

Before publication, CTNT's prior daily close was down 86.95%; the current peer scan showed JYD and G...

Analysis

Before publication, CTNT's prior daily close was down 86.95%; the current peer scan showed JYD and GVH up 0.94% and 11.43%. That divergence provided market context for the cash acquisition, not a post-news reaction.

Key Figures

Purchase Price: $788,000 Acquired Ownership: 100% Expected Closing: Within four weeks

Purchase Price

$788,000

Cash consideration for the Acquisition

Acquired Ownership

100%

Membership interests in JoyPak

Expected Closing

Within four weeks

Subject to due diligence and other closing conditions

Key Terms

membership interest purchase agreement, wholly owned subsidiary

2 terms

membership interest purchase agreement financial

"entered into a Membership Interest Purchase Agreement (the “Agreement”)"

A membership interest purchase agreement is a contract used when someone buys an ownership stake in a limited liability company (LLC). It spells out what is being sold, the price, any promises about the business’s condition, and who takes responsibility for debts or legal issues—like a receipt and rulebook for the sale. Investors care because it transfers control, affects future cash flow and liabilities, and can change the value and tax treatment of their investment.

wholly owned subsidiary financial

"JoyPak will become a wholly owned subsidiary of the Company"

A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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IRVINE, Calif., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT) today announced that it has entered into a Membership Interest Purchase Agreement (the “Agreement”) to acquire 100% of the membership interests of JoyPak Supply LLC (“JoyPak”), a Nevada limited liability company, primarily engaged in the sale of consumer, beauty, personal care and other everyday-use products, from a Delaware limited liability company and a Texas limited liability company (collectively, the “Sellers”) (the “Acquisition”).

The aggregate purchase price for the Acquisition is $788,000, which will be paid in cash. The closing of the Acquisition is expected to occur within four weeks of the execution of the Agreement, subject to the completion of the Company’s due diligence review and other closing conditions.

Following the completion of the Acquisition, JoyPak will become a wholly owned subsidiary of the Company. The Company believes that the Acquisition will further diversify its product mix, and enable the Company to enter the consumer, beauty, personal care and other everyday-use product categories. The Acquisition is also expected to support the Company’s broader business diversification efforts and long-term growth strategy.

About Cheetah Net Supply Chain Service Inc.

Cheetah Net Supply Chain Service Inc. is engaged in two principal business areas: logistics and warehousing and international trading. The Company’s logistics and warehousing business includes logistics coordination, warehousing and general labor support services. Following its acquisition of Super International Trading Limited in May 2026, the Company also commenced the international trading of large-scale industrial equipment. Through its ongoing business development and strategic acquisitions, Cheetah continues to seek opportunities to diversify its operations, expand its product and service offerings and develop additional sources of revenue.

Forward-Looking Statements

This press release contains certain forward-looking statements, including statements that are predictive in nature. Forward-looking statements are based on the Company’s current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s filings with the U.S. Securities and Exchange Commission, including under the caption “Risk Factors.”

For more information, please contact:
Cheetah Net Supply Chain Service Inc.
Investor Relations
ir@cheetah-net.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What business is JoyPak Supply LLC engaged in?

JoyPak Supply LLC is primarily engaged in the sale of consumer, beauty, personal care and other everyday-use products.

When is the acquisition of JoyPak expected to close and what conditions apply?

The closing is expected to occur within four weeks of the Agreement’s execution. Completion is subject to Cheetah’s due diligence review and other closing conditions.