| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Class A common stock |
| (b) | Name of Issuer:
CHEETAH NET SUPPLY CHAIN SERVICE INC. |
| (c) | Address of Issuer's Principal Executive Offices:
8707 RESEARCH DRIVE, 8707 RESEARCH DRIVE, IRVINE,
CALIFORNIA
, 92618. |
| Item 2. | Identity and Background |
|
| (a) | Takeover Time 2026 LLC, a Delaware limited liability company. Natasha Ovsepyan is its sole
member and managing member. |
| (b) | 8403 NE 138TH ST, Kirkland, WA 98034 |
| (c) | Takeover Time 2026 LLC is a Delaware limited liability company engaged in securities investment
and related investment activities. Natasha Ovsepyan is the sole owner and Managing Member of
Takeover Time 2026 LLC, whose principal business address is provided in Item 2(b). |
| (d) | During the last five years, neither Takeover Time 2026 LLC nor Natasha Ovsepyan has been
convicted in a criminal proceeding, excluding traffic violations or similar misdemeanors. |
| (e) | During the last five years, neither Takeover Time 2026 LLC nor Natasha Ovsepyan has been a
party to a civil proceeding described in Item 2(e) of Schedule 13D. |
| (f) | Takeover Time 2026 LLC: Delaware limited liability company. Natasha Ovsepyan: United States
citizen. |
| Item 3. | Source and Amount of Funds or Other Consideration |
| | The Reporting Person purchased 1,846,000 shares for $84,995.46 using personal funds
contributed by its sole member, Natasha Ovsepyan. |
| Item 4. | Purpose of Transaction |
| | I am deeply dissatisfied with the Company's recent actions and the substantial dilution imposed on
existing shareholders. The issuance of such a significant number of additional shares has
materially diluted the ownership percentage of existing shareholders generally, including my own,
despite the fact that existing shareholders continue to hold their shares.
This is not simply an issue affecting my individual investment. The Company's actions have
affected the ownership position of existing shareholders as a whole, and I believe shareholders
deserve transparency regarding the circumstances surrounding these transactions, including the
number of shares issued, the recipients or manner of distribution, the consideration received, and
the purpose of the transactions.
I am also particularly concerned about the trading activity on September 22, 2026. Publicly
available market data reflects that more than 150 million shares traded that day, an extraordinarily
high volume compared with approximately 199.8 million Class A shares reported outstanding as of
September 22 on a pre-split basis. Despite this extraordinary trading volume, the share price
remained depressed. This raises serious questions about the amount of shares being supplied
into the market and whether the available supply substantially exceeded the underlying demand.
Shareholders are not stupid, and we are paying close attention to what has occurred. The
extraordinary trading volume, together with the continued depressed share price, warrants scrutiny
of the circumstances surrounding that supply. We deserve answers and transparency.
I do not accept the Company's treatment of existing shareholders or the extent of the dilution
without scrutiny. I will continue to review the Company's filings, transactions, and trading activity
and pursue all lawful avenues available to me as a shareholder.
This isn't over. I will continue to advocate for shareholders and for transparency, accountability and
fair treatment. I will also continue to pursue changes to the Company's Board of Directors and
management, including seeking the replacement of the current Chief Executive Officer, through
lawful shareholder and corporate-governance processes.
I intend to continue pushing for meaningful change and will not stop simply because the
Company's recent actions have changed the ownership structure. |
| Item 5. | Interest in Securities of the Issuer |
| (a) | Takeover Time 2026 LLC beneficially owns 1,846,000 shares of th eIssuer's Class A common
stock, representing approximately 0.92% of the class based on 199,805,935 shares of Class A
common stock issued and outstanding as of September 22, 2026. Natasha Ovsepyan, as the sole
owner and managing member of Takeover Time 2026 LLC, may be deemed to beneficially own
the same shares. |
| (b) | Takeover Time 2026 LLC has sole voting and dispositive power over 1,846,000 shares of the
Issuer's Class A common stock. Natasha Ovsepyan, as the LLC's sole member and managing
member, exercises control over these shares. |
| (c) | The Reporting Person has not effected any transactions in the Issuer's Class A common stock
since the filing of its Schedule 13D on September 21, 2026. |
| (d) | No person other than the Reporting Person and Natasha Ovsepyan, in her capacity as sole
member and managing member of the Reporting Person, is known to have the right to receive or
the power to direct the receipt of dividends from, or proceeds from the sale of, the shares
beneficially owned by the Reporting Person. |
| (e) | As a result of the increase in the number of shares of Class A common stock outstanding, on
September 22, 2026, the Reporting Person ceased to be the beneficial owner of more than five
percent of the class |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer |
| | Except as disclosed herein, there are no contracts, arrangements, understandings or relationships
with respect to the securities of the Issuer. |
