- Cheer Holding, Inc. received a notice on **October 16, 2025**, from The NASDAQ Stock Market LLC, indicating non-compliance with the minimum bid price requirement of **$1.00 per share**.  **[1738758_0001213900-25-100367_ea0261717-6k_cheer.htm:0]** **[1738758_0001213900-25-100367_ea026171701ex99-1_cheer.htm:0]** 
- This non-compliance is based on the closing bid price of the company's listed securities for the **30 consecutive business days from September 4, 2025, to October 15, 2025**.  **[1738758_0001213900-25-100367_ea0261717-6k_cheer.htm:0]** **[1738758_0001213900-25-100367_ea026171701ex99-1_cheer.htm:0]** 
- The company has a compliance period of **180 calendar days**, until **April 14, 2026**, to regain compliance by having its Class A ordinary shares trade at or above **$1.00 for a minimum of ten consecutive business days**.  **[1738758_0001213900-25-100367_ea0261717-6k_cheer.htm:0]** **[1738758_0001213900-25-100367_ea026171701ex99-1_cheer.htm:0]** 
- The notice is a notification of deficiency and has no current effect on the listing or trading of the company's securities, but failure to regain compliance by the deadline may lead to delisting.  **[1738758_0001213900-25-100367_ea0261717-6k_cheer.htm:0]** **[1738758_0001213900-25-100367_ea026171701ex99-1_cheer.htm:0]**

Cheer Holding receives Nasdaq non-compliance notice regarding minimum bid price

- **Cheer Holding, Inc.** announced the pricing of a **best-efforts public offering** with expected gross proceeds of approximately **$8.5 million**.  **[1738758_0001213900-25-094387_ea025968501ex99-1_cheer.htm:0]** 
- The offering consists of **12,686,565 units** at a public offering price of **$0.67 per unit**, with each unit including one Class A ordinary share (or a pre-funded warrant), one Series A warrant, and one Series B warrant.  **[1738758_0001213900-25-094387_ea025968501ex99-1_cheer.htm:0]** 
- Both Series A and Series B warrants have an exercise price of **$0.7035 per Class A Share** and are exercisable for one year; Series B warrants also include a "zero exercise price" option to receive **5.1235 Class A Shares** per warrant exercised.  **[1738758_0001213900-25-094387_ea025968501ex99-1_cheer.htm:0]** 
- The **net proceeds** are designated for **general working capital and other general corporate purposes**, including sales and marketing for user acquisition.  **[1738758_0001213900-25-094387_ea025968501ex99-1_cheer.htm:0]** 
- The offering is anticipated to close around **October 2, 2025**.  **[1738758_0001213900-25-094387_ea025968501ex99-1_cheer.htm:0]**

Cheer Holding (CHR)