Cheetah Net Supply Chain Service Inc. (CTNT) — Reincorporation detail

Announcement

2025-12-18

First SEC disclosure

Meeting / Vote

2026-01-30

COMPLETED

Effective

2026-02-03

Legal effective date

Market Cap

$5M

At announcement

Why this firm matters

Standard cohort firm (Completed). Included for breadth across destinations and sectors.

Vote outcome — reincorporation proposal

Approval standard: Majority of outstanding shares (NC BCA reincorporation merger / plan of conversion — mechanism to confirm from DEF 14A body). Meeting type: SPECIAL_MEETING_OR_ANNUAL_MEETING_PENDING_CONFIRMATION.

Vote totals not yet pulled. Awaiting EDGAR Item 5.07.

Event-study abnormal returns — announcement window

Returns around the announcement date.

No announcement-window CARs available for this firm yet.

Event-study abnormal returns — vote window

Returns around the shareholder-vote (or written-consent) date.

No vote-window CARs available for this firm yet.

Long-run abnormal returns & pooled estimates

Buy-and-hold abnormal returns (1 / 3 / 6 / 12 months) and calendar-time portfolio alpha (CTE) post-effective.

No long-run / pooled estimates available for this firm yet — run phase5z_compute_longrun.py on Windows to populate (requires effective date ≥ 3 months ago).

Cohort-level robustness battery

Heckman selection-corrected ATE · Romano-Wolf step-down + BH FDR · pooled BHAR. This firm's reading is shown in context of the full cohort.

Heckman two-step selection correction (controlled-vs-widely-held)

Cohort ATE = +0.94% (SE = 7.06%, n = 2395) after correcting for controller-status selection (inverse Mills ratio = -0.062).

Romano-Wolf step-down + Benjamini-Hochberg FDR (n = 47)

This firm: per-firm adjusted p-values pending. Multiple-hypothesis correction is computed across the full cohort to control family-wise error rate at alpha = 0.05.

Pooled cohort BHAR (mover firms only)

BHAR_63d: mean = -5.60% (SE = 22.11%, n = 3, p = 0.499) · BHAR_126d: mean = +17.33% (SE = 41.17%, n = 3, p = 0.774)

See Cohort event study → for the full battery and forest plots.

Source filings

Primary-source documents on SEC EDGAR plus IR / search links.

DEF 14A — https://www.sec.gov/Archives/edgar/data/1951667/000110465925122535/tm2532696d3_def14a.htm
8-K (Items 3.03 / 5.03 / 5.07) — https://www.sec.gov/Archives/edgar/data/1951667/000110465926009731/tm264985d1_8k.htm
EDGAR — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001951667&type=&dateb=&owner=include&count=40
8-K Item 5.07 (vote) · 0001104659-26-009731 — filing →
Note. 8-K Items 3.03 + 5.03 + 5.07 — NC→DE reincorporation effectuated at 2026-01-30 stockholder meeting

Classification & audit trail

Bucket

X_DE_INBOUND_COUNTERFLOW

Panel eligibility

EXCLUDED_HISTORICAL_OOS

Audit status

v6-rev120_2026-06-02: NEW ENTRY — Cheetah Net NC→DE reincorporation; Edwards 2026-06-01 coverage gap (#5)

Source confidence

VERIFIED_8K_507_EFFECTUATED

Transaction status

COMPLETED

Audit notes

[2026-06-02] Added per Edwards-vs-SMU CGI coverage check. EDGAR-verified: pre-meeting DEF 14A acc 0001104659-25-122535 (period 2026-01-30) shows State of Incorp.: NC; post-meeting 8-K acc 0001104659-26-009731 (filed 2026-02-03; period 2026-01-30) carries items 3.03 (material modification of rights) + 5.03 (amendment to articles/bylaws) + 5.07 (stockholder meeting results) and shows State of Incorp.: DE — confirming NC→DE effectuation at the January 30, 2026 stockholder meeting. The 3.03+5.03+5.07 8-K signature is the canonical reincorporation-effectuation pattern. Vote tallies to backfill from 8-K Item 5.07 body in a follow-up pass. Standing rule [[reference_de_spac_exclusion_2026_06_02]] companion: CTNT is true reincorporation (INBOUND_TO_DE), distinct from FTW/HYAC de-SPACs excluded by methodology.
[2026-06-02] panel_b_dexit_mover flipped 0→1 per Shane's cohort-broadening directive (count all reincorporators, not just DE-outbound).
RESTORED_rev132-ctnt-nxgl-restore-and-lockdown-2026-06-04: silently dropped between rev131-tboc-count-reconcile (2026-06-03 15:03 UTC) and rev131-phase-a (2026-06-04 22:46 UTC) by my own sync_phase_a_to_master script. Restored from snapshot data.PRE-PHASE-A-SYNC-1780613785-8fa4e891.json after live-EDGAR primary-source re-verification.