Cheetah Net shares surge 11.49% intraday after shareholder approval of Delaware reincorporation.

Cheetah Net Supply Chain Service Inc. surged 11.49% intraday after securing shareholder approval to reincorporate from North Carolina to Delaware and expand its share capital. The move, finalized at a special meeting on January 30, 2026, reflects the company’s strategic restructuring to enhance corporate governance and facilitate future capital-raising efforts. While other news items referenced Tesla, Xiaomi, and broader market trends, none directly pertained to Cheetah Net’s operational or governance developments. The intraday rally aligns with the positive sentiment surrounding the reincorporation, signaling investor confidence in the company’s strategic direction.