Cheetah Net Supply Chain Service (CTNT) said late Monday it signed definitive agreements to acquire labor and logistics service provider TW & EW Services for $200,000 in cash and $800,000 in unregistered class A Cheetah common shares.
The company said the acquisition is expected to close on or about Wednesday, after which TW & EW will become a wholly owned Cheetah subsidiary.
Shares of Cheetah Net Supply increased more than 145% in premarket activity Tuesday.
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