Takeover Time 2026 Seeks to Replace Cheetah Net Board
The investment firm filed a preliminary consent solicitation to remove and replace the current board of directors.
Updated on Oct. 15, 2026 in Public Companies
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Takeover Time 2026 LLC has launched a formal effort to replace the board of directors at Irvine-based Cheetah Net Supply Chain Service Inc. In response, Cheetah Net intends to file a preliminary consent revocation statement with the SEC to defend its leadership.
Why it matters
The proxy fight creates uncertainty regarding the leadership direction of the company following its recent corporate expansion. The board maintains that its priority is to protect long-term stockholder value and strengthen company governance.
Cheetah Net Supply Chain Service Inc. officially completed its acquisition of Super International Trading Limited in May 2026. The company last filed its annual report on Form 10-K for the period ending December 31, 2025.
The players
Cheetah Net Supply Chain Service Inc.
This company is an Irvine-based firm that specializes in supply chain services and recently expanded through acquisitions.
Takeover Time 2026 LLC
This is an investment entity currently leading a formal effort to overhaul the governance of Cheetah Net.
The details
Stockholders are currently tasked with evaluating the proposed candidates against the incumbent board members. Cheetah Net is preparing a white consent revocation card to encourage investors to reject the takeover attempt.
Timeline
December 31, 2025: Fiscal year end for the company's Form 10-K.
March 20, 2026: Company filed Form 10-K with the SEC.
May 2026: Cheetah Net acquired Super International Trading Limited.
October 15, 2026: Company issued statement regarding consent solicitation.
Market Landscape
The filing follows standard regulatory procedures established by the Securities Exchange Act of 1934 rules on proxy solicitations regarding board turnover. Such moves often signal heightened institutional pressure on small-cap firms to alter their strategic direction.
The ongoing power struggle may lead to temporary stock price volatility for retail investors holding Cheetah Net shares. Customers and business partners should monitor for potential operational shifts that could arise if the leadership transition is successful.
The takeaway
Proxy fights serve as a reminder for investors to closely track SEC filings that impact corporate control. Shareholders are encouraged to review the official filings from both parties before submitting their consent cards.
Further reading
For more on corporate governance battles, visit Public Companies.
More information
For updates on the solicitation process, visit the company investor relations website.
Source note: This article includes information reported by The Manila times.
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