# Cheetah Net Faces Board Replacement Bid From Takeover Time 2026

- URL: https://stocks.freetheai.org/news/cheetah-net-faces-board-replacement-bid-from-takeover-time-2026-d91300
- Published: 2026-10-15T20:01:00Z
- Category: company_news; sentiment: bullish; impact: high
- Symbols: [NASDAQ:CTNT](https://stocks.freetheai.org/symbols/NASDAQ-CTNT)
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Cheetah Net Supply Chain Service Inc. (CTNT) received a revised preliminary consent solicitation from investor group Takeover Time 2026 LLC aimed at removing and replacing the company board of directors. In response, Cheetah Net announced plans to file a consent revocation statement to counter the attempt. Shares of the company jumped 16.91 percent to 3.18 USD following the news.

The takeover effort introduces potential leadership changes that could alter the firm's strategic focus. Cheetah Net warned that a shift in board oversight might affect liquidity, governance standards, and existing business commitments.

Market participants will be watching for definitive solicitation filings, formal proxy statements, and voting updates to determine if the activist challenge succeeds.

## Key points

- Takeover Time 2026 LLC submitted a revised consent solicitation to remove and replace the board of Cheetah Net Supply Chain Service Inc. (CTNT).
- Cheetah Net plans to file a consent revocation to resist the board replacement drive.
- The company warned that a leadership change could affect its contracts, financing arrangements, and governance.
- Shares of Cheetah Net rose 16.91 percent to 3.18 USD.

## Questions and answers

### Why did Cheetah Net stock go up?

Cheetah Net stock rose 16.91 percent after the company acknowledged an activist effort by Takeover Time 2026 LLC to replace its board of directors.

### What is Takeover Time 2026 asking Cheetah Net to do?

Takeover Time 2026 LLC is seeking shareholder consent to remove and replace Cheetah Net's current board of directors.

### How is Cheetah Net responding to the activist bid?

Cheetah Net plans to file a consent revocation to challenge the board removal effort and warned that board changes could impact business commitments and financing.