Earnings summaries and quarterly performance for Cheer Holding.
Research analysts covering Cheer Holding.
Recent press releases and 8-K filings for CHR.
Cheer Holding announces share consolidation to maintain Nasdaq listing
CHR
Delisting/Listing Issues
Accounting Changes
- Cheer Holding, Inc. will effect a 1-for-50 reverse stock split (share consolidation) for its Class A ordinary shares.
- The share consolidation will become effective at 4:05 p.m. New York time on December 22, 2025, with post-consolidation trading beginning on December 23, 2025.
- This action is primarily intended to regain compliance with Nasdaq's minimum bid price requirement and avoid delisting, following a notification of non-compliance and a delisting determination.
- The number of outstanding Class A ordinary shares will be reduced from 234,309,902 to approximately 4,686,199 after the consolidation.
Dec 19, 2025, 12:01 PM
Cheer Holding Announces Share Consolidation
CHR
Delisting/Listing Issues
- Cheer Holding, Inc. (NASDAQ: CHR) announced a 1-for-50 share consolidation of its Class A ordinary shares.
- The share consolidation will become effective at 4:05 p.m. (New York time) on December 22, 2025, with post-consolidation adjusted trading beginning on Tuesday, December 23, 2025.
- The primary purpose of the share consolidation is to increase the Company's per share trading price to maintain its Nasdaq listing, following a delisting notification received on November 19, 2025.
- As a result, the number of issued and outstanding Class A ordinary shares will be reduced from 234,309,902 pre-consolidation to approximately 4,686,199 post-consolidation.
Dec 19, 2025, 12:00 PM
Cheer Holding Receives Nasdaq Delisting Notice
CHR
Delisting/Listing Issues
- On November 18, 2025, Cheer Holding, Inc. received a Nasdaq delisting notice because its Class A ordinary shares had a closing bid price of $0.10 or less for ten consecutive trading days.
- The company also failed to maintain a $1 minimum bid price over the previous 30 consecutive business days.
- Cheer Holding intends to request an appeal to the Nasdaq Hearings Panel by November 26, 2025, which will stay the suspension of its securities.
- If an appeal is not requested by the deadline, trading of the company's securities will be suspended on December 1, 2025.
- The company is considering a share consolidation, previously approved by shareholders on May 12, 2025, as a potential option to regain compliance.
Nov 21, 2025, 10:02 PM
Cheer Holding Receives Nasdaq Delisting Notice
CHR
Delisting/Listing Issues
- Cheer Holding received a notice on November 18, 2025, from Nasdaq indicating a delisting determination for its Class A ordinary shares.
- The delisting determination is primarily due to the company's shares having a closing bid price of $0.10 or less for ten consecutive trading days, violating Nasdaq Listing Rule 5810(c)(3)(A)(iii).
- The company also failed to comply with Listing Rule 5550(a)(2) as its bid price closed at less than $1 per share over the previous 30 consecutive business days.
- Cheer Holding intends to request an appeal of the delisting determination before the November 26, 2025, deadline, which would stay the suspension of its securities.
- The company is considering options to regain compliance, including a share consolidation previously approved by shareholders on May 12, 2025.
Nov 21, 2025, 10:00 PM
Cheer Holding Forms Special Committee to Evaluate Acquisition Proposals
CHR
Takeover Bid
M&A
- Cheer Holding, Inc. announced on November 18, 2025, that its Board of Directors formed a special committee to evaluate two preliminary non-binding proposals to acquire all of its shares.
- The first proposal, dated November 1, 2025, is from Zhongsheng Dingxin Investment Fund Management (Beijing) Co., Ltd., an existing shareholder, to acquire outstanding Class A ordinary shares for US$0.56 in cash per Class A Share.
- The second proposal, dated November 4, 2025, is from Excel Ally Ventures Limited to acquire outstanding Class A Shares for US$0.52 in cash per Class A Share.
- The Board cautions that no decisions have been made, and there is no assurance that any definitive offer will be made or consummated.
Nov 18, 2025, 1:00 PM
Cheer Holding, Inc. Announces $15 Million Registered Direct Offering
CHR
- Cheer Holding, Inc. announced a $15 million registered direct offering of 187,500,000 Class A ordinary shares (or pre-funded warrants) at a purchase price of $0.08 per share.
- The offering was priced on November 5, 2025, and is expected to close on or about November 6, 2025.
- The company intends to use the net proceeds for general working capital purposes and other general corporate purposes, including sales and marketing expenses for user acquisition.
- Univest Securities, LLC is acting as the sole placement agent, and will receive a cash fee equal to 8.0% of the gross proceeds and reimbursement for out-of-pocket fees up to $120,000.
- Directors, executive officers, and certain beneficial owners have entered into lock-up agreements for 90 days from the closing date of the offering.
Nov 6, 2025, 2:20 PM
Cheer Holding Announces Receipt of Two Acquisition Proposals
CHR
M&A
Takeover Bid
- On November 5, 2025, Cheer Holding, Inc. announced the receipt of two preliminary non-binding proposals to acquire all of its Class A ordinary shares.
- One proposal, dated November 1, 2025, is from Zhongsheng Dingxin Investment Fund Management (Beijing) Co., Ltd. for US$0.56 in cash per Class A Share.
- The second proposal, dated November 4, 2025, is from Excel Ally Ventures Limited for US$0.52 in cash per Class A Share.
- The Board of Directors will form a special committee consisting of independent directors to evaluate these proposals and other potential strategic alternatives.
- The Board cautions that there is no assurance any definitive offer will be made, or that any proposed transaction will be approved or consummated.
Nov 5, 2025, 1:02 PM
Cheer Holding receives Nasdaq non-compliance notice regarding minimum bid price
CHR
Delisting/Listing Issues
- 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.
- 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.
- 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.
- 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.
Oct 20, 2025, 8:15 PM
Cheer Holding Announces Pricing of $8.5 Million Public Offering
CHR
- Cheer Holding, Inc. announced the pricing of a best-efforts public offering with expected gross proceeds of approximately $8.5 million.
- 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.
- 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.
- The net proceeds are designated for general working capital and other general corporate purposes, including sales and marketing for user acquisition.
- The offering is anticipated to close around October 2, 2025.
Oct 1, 2025, 1:01 PM
Quarterly earnings call transcripts for Cheer Holding.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more