Cheer Holding Announces US$50 Million Share Repurchase Authorization

BEIJING, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, announced today that its board of directors (the “Board”) has authorized a $50 million repurchase program of its Class A ordinary shares over the next 36 months. Pursuant to the repurchase program, the Company may repurchase its Class A ordinary shares from time to time in open market transactions or in privately ...