Key Highlights

● Takeover Time 2026 LLC filed a Schedule 13D/A on Cheetah Net Supply Chain Service Inc. on September 25, 2026, reporting 1,846,000 Class A shares, or 0.92% of shares outstanding.

● The filing cites a single-day trading Volume of more than 150 million shares on September 22, 2026, calling it extraordinarily high relative to the roughly 199.8 million shares outstanding.

● The filer states it will pursue changes to the company's board and management, including seeking the replacement of the current Chief Executive Officer, through lawful Shareholder and corporate-governance processes.

● The filing expresses dissatisfaction with what it calls substantial dilution imposed on existing shareholders through the company's stock issuances and is pressing for clearer disclosure of those issuances.

A small shareholder vehicle called Takeover Time 2026 LLC filed a Schedule 13D/A on Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) on September 25, 2026, saying it will pursue changes to the company's board and seek the replacement of its chief executive, pointing to what it calls dilution of existing shareholders and a trading-volume spike of more than 150 million shares in a single day that it says remains unexplained.

A Small Stake, a Loud Message

Takeover Time 2026 LLC, a Delaware Limited Liability company whose sole member is Natasha Ovsepyan, reports owning 1,846,000 Class A shares of Cheetah Net, equal to 0.92% of the roughly 199.8 million shares the company had outstanding as of September 22, 2026. That is a modest position by percentage, but Schedule 13D filers are not required to hold a large stake to use the filing as a vehicle for public commentary and stated intentions once they cross the 5% group threshold in combination with any related holders or otherwise choose to file on Schedule 13D rather than 13G.

The Trading-Volume Complaint

The filing's central factual claim concerns September 22, 2026, when it says "more than 150 million shares traded that day, an extraordinarily high volume" relative to the company's roughly 199.8 million shares outstanding. Takeover Time 2026 argues that such volume against a depressed stock price points to excess supply of shares hitting the market, and it says shareholders "deserve answers and transparency" about the circumstances behind that trading and the company's disclosed share issuances.

What the Filer Is Asking For

On dilution, the filing expresses dissatisfaction with what it calls "substantial dilution imposed on existing shareholders" through the company's stock issuances, and it is pressing for clearer disclosure of how many shares have been issued, to whom, and why. On leadership, the filer states plainly that it will "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." It closes by pledging to "continue to advocate for shareholders and for transparency, accountability and fair treatment," adding that it does not intend to abandon the effort even as its own ownership percentage may shift.

Company Background From the Filing

Cheetah Net Supply Chain Service Inc. is the subject company named in the filing, trading on Nasdaq. The 13D/A does not include a fresh Business description of Cheetah Net's operations beyond identifying it as the issuer of the Class A shares at issue; readers looking for details of its supply-chain business should consult the company's own periodic reports. The filing is explicit, however, that it is being made because the reporting person's prior disclosures needed updating in light of new share issuances and the trading activity it flagged. Schedule 13D amendments are required whenever a reporting person's ownership level or stated intentions change materially, which is the legal basis the filer cites for updating its holdings and its plans in this filing.

Signals to Watch as the Campaign Unfolds

Because this is an amendment rather than an initial 13D, watch for further amendments if Takeover Time 2026 changes its holdings, escalates its campaign into a formal nomination of director candidates, or receives a response from Cheetah Net's board. The filing does not name a shareholder meeting date, a nomination deadline, or a specific timetable for the company to respond to the transparency demands, so any concrete next step, including a possible proxy contest or a company rebuttal, would surface in a future SEC filing from either side rather than on a schedule set out here.