Cheetah Net Supply Chain Service to acquire TW & EW Services
Acquisition Announcement: Cheetah Net Supply Chain Service has finalized agreements to acquire TW & EW Services, a California-based labor and logistics provider, with the deal expected to close around December 4.
Financial Details: The acquisition involves a total payment of $1 million, consisting of $200,000 in cash and $800,000 in unregistered Class A common stock, making TW & EW a wholly owned subsidiary post-acquisition.
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CORRECTION – Cheetah Net Supply Chain Service Inc. Reports Third Quarter 2025 Financial Results
Financial Performance: Cheetah Net Supply Chain Service Inc. reported a revenue of $361,935 for Q3 2025, with a net loss of $1,314,650, reflecting a 27.6% decrease compared to the same period in 2024, primarily due to ongoing trade tensions affecting logistics demand.
Operational Challenges: The company faced challenges from tariff turmoil and reduced customer demand, particularly impacting its acquired businesses, Edward Transit Express Group and TW & EW Services, leading to a significant impairment loss of $731,307 on intangible assets.
Cost Management: General and administrative expenses decreased by 27.3% to $801,263, attributed to cost-saving measures, while interest income increased significantly by 176.7% to $244,776, driven by earnings from short-term loans and certificates of deposit.
Liquidity and Future Outlook: As of September 30, 2025, Cheetah had current assets of $9.7 million and is focusing on improving liquidity through operational cash flow and potential equity financing, while maintaining a cautious approach amid uncertain market conditions.
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