Univest Securities, LLC Announces Closing of $15 Million Registered Direct Offering for its Client Cheer Holding, Inc. (NASDAQ: CHR)

Core Viewpoint - Univest Securities, LLC has successfully closed a registered direct offering of approximately $15 million for Cheer Holding, Inc., a leading provider of advanced mobile internet infrastructure and platform services [1][3]. Group 1: Offering Details - Cheer Holding, Inc. will sell 187,500,000 Class A ordinary shares at a purchase price of $0.08 per share, or pre-funded warrants in lieu thereof [2]. - The gross proceeds from the offering amount to approximately $15 million [3]. - The offering was conducted under a shelf registration statement previously filed and declared effective by the SEC [4]. Group 2: Company Overview - Cheer Holding, Inc. is a prominent provider of next-generation mobile internet infrastructure and platform services in China, focusing on creating a digital ecosystem that integrates various technologies [7]. - The company is developing a 5G+VR+AR+AI shared universe space utilizing advanced technologies such as blockchain and cloud computing [7]. - Cheer Holding's product portfolio includes a variety of services like CHEERS Telepathy, CHEERS Video, and AI-animated short drama series, which blend online and offline experiences [8]. Group 3: Strategic Focus - The core of Cheer Holding's digital ecosystem is "CHEERS+", aimed at driving long-term sustainable and scalable growth through innovative product applications and technologies [9].