CHEETAH NET SUPPLY CHAIN SERVICE INC. (CTNT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 1566.25% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
390M
Potential Supply
0
Additional shares possible
Splits
1 Split 2 Reverse
Past 2 years

Summary

CTNT currently has 391M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 1566.25% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 391.2M shares outstanding

390M 0
Apr 24, 2026
Stock Split

8-K filing: Cheetah Net Supply Chain Service Inc. implemented a 1-for-200 reverse stock split effective April 20, 2026, and also sold 355,000,000 shares of Class A Common Stock in "at-the-market" transactions.

390M 0
Mar 20, 2026

10-K filing | 36.2M shares outstanding

36M 0
Jan 29, 2026

8-K filing: Cheetah Net Supply Chain Service Inc. entered into stock purchase agreements to sell 33,450,000 shares of Class A common stock at an aggregate amount of $40.14 million. ($40.14M proceeds)

2.7M 960K
Nov 07, 2025

10-Q filing | 2.7M shares outstanding

2.7M 960K
Aug 04, 2025

10-Q filing | 2.7M shares outstanding

2.7M 1M
May 05, 2025

10-Q filing | 2.7M shares outstanding

2.7M 1M
Mar 12, 2025

10-K filing | 3.2M shares outstanding

3.2M 470K
Dec 20, 2024

8-K filing: Cheetah Net Supply Chain Service Inc. closed the acquisition of TW & EW Services Inc on December 19, 2024, issuing a total of 469,484 shares of Class A common stock to Jiancheng Li, Weishu Guo, and Jianhui Li, in addition to a $200,000 cash payment.

2M 1.7M
Dec 03, 2024

8-K filing: Cheetah Net Supply Chain Service Inc. entered into a stock purchase agreement to acquire TW & EW Services Inc., issuing shares of Class A common stock valued at $800,000 at a per-share price of $1.704, along with a cash payment of $200,000. ($0.8M proceeds)

2M 1.7M
Nov 13, 2024

10-Q filing | 2.0M shares outstanding

2M 1.7M
Oct 21, 2024
Stock Split

8-K filing: Stock split 1-for-16 | Outstanding: 30,627,992 → 1,914,249

1.9M 1.8M
Aug 28, 2024

S-3 filing: This is an S-3 filing for Cheetah Net, a provider of logistics and warehousing services. It discusses recent developments, including the closing of two public offerings of Class A common stock in May and July 2024.

31M 28M
Aug 13, 2024

10-Q filing | 8.3M shares outstanding

8.3M 31M
Jul 26, 2024

8-K filing: Cheetah Net Supply Chain Service Inc. closed a follow-on offering of 6,479,663 shares of Class A common stock at $0.23 per share on July 26, 2024. ($1.49M proceeds)

32M 7M
Jul 10, 2024

S-1 filing: This is an S-1 filing for a company offering Class A common stock on a best efforts basis, intending to use the proceeds for general corporate purposes, warehousing and logistics services, and potential acquisitions and investments.

32M 7M
May 15, 2024

8-K filing: Cheetah Net Supply Chain Service Inc. completed a public offering of 13,210,000 shares of Class A common stock at $0.62 per share, resulting in gross proceeds of approximately $8.19 million before fees. ($8.19M proceeds)

8.3M 11M
May 13, 2024

10-Q filing | 8.3M shares outstanding

8.3M 11M
Mar 28, 2024

S-1/A filing: S-1/A filing for up to 10,000,000 shares of Class A common stock on a best efforts basis at an assumed offering price of $2.11 per share.

19M 480K
Mar 18, 2024

10-K filing | 8.3M shares outstanding

8.3M 1.4M
Dec 28, 2023

S-1 filing: This is a public offering of shares of Class A common stock of Cheetah Net Supply Chain Service Inc., on a best effort basis.

9.7M 0
Nov 09, 2023

10-Q filing | 9.7M shares outstanding

9.7M 0
Sep 05, 2023

10-Q filing | 16.7M shares outstanding

17M 0
Aug 03, 2023

8-K filing: Cheetah Net Supply Chain Service Inc. completed its initial public offering of 1,250,000 shares of Class A common stock at $4.00 per share on August 3, 2023. ($5.0M proceeds)

17M 0
Jun 20, 2023

S-1/A filing: This is an S-1/A filing for an initial public offering of Class A common stock, with an estimated price range of $4.00 to $6.00 per share, and includes the issuance of warrants to the representative.

17M 1.3M
May 23, 2023

S-1/A filing: This is an S-1/A filing for an initial public offering of Class A common stock with an estimated price range of $4.00 to $6.00 per share, with Maxim Group, LLC as the underwriter. The company intends to use the proceeds from this offering to fund working capital and for other general corporate purposes.

17M 2.1M
May 03, 2023

S-1/A filing: The filing is an S-1/A registration statement for a proposed offering of Class A common stock, including primary shares, option shares, warrants, and shares issuable upon exercise of the warrants.

17M 2.5M
May 01, 2023

S-1/A filing: This is an initial public offering of Class A common stock with an estimated price range of $4.00 to $6.00 per share. The company intends to use the proceeds from this offering to fund working capital and for other general corporate purposes in support of its current business.

17M 2.1M
Apr 07, 2023

S-1 filing: This is an initial public offering of Class A common stock for Cheetah Net Supply Chain Service Inc.

17M 0
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