New York, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the “Offering”) of approximately $15 million for its client Cheer Holding, Inc. (NASDAQ: CHR) (the “Company” or “Cheer Holding”), a leading provider of advanced mobile internet infrastructure and platform services. Under the terms of the securities purch ...

Core Viewpoint - Cheer Holding, Inc. has received two non-binding proposals for the acquisition of its Class A ordinary shares, with offers of US$0.56 and US$0.52 per share from different investment entities [1][2]. Group 1: Proposals Overview - The first proposal is from Zhongsheng Dingxin Investment Fund Management, offering US$0.56 in cash per Class A Share [1]. - The second proposal comes from Excel Ally Ventures Limited, proposing US$0.52 in cash per Class A Share [1]. - Both proposals are non-binding and the Board has not made any decisions regarding them [3]. Group 2: Board Actions - The Board will establish a Special Committee composed of independent directors to evaluate the proposals and explore other strategic alternatives [2]. - The Special Committee will have the authority to hire advisors, including independent financial and legal counsel, to assist in the evaluation process [2]. Group 3: Company Background - Cheer Holding is a leading provider of advanced mobile internet infrastructure and platform services in China, focusing on creating a digital ecosystem that integrates various technologies [6]. - The company is developing a 5G+VR+AR+AI shared universe space, leveraging cutting-edge technologies such as blockchain and cloud computing [6]. - Cheer Holding's product portfolio includes a variety of services that blend online and offline experiences, enhancing its competitive edge in the market [7][8].

Core Insights - The opportunities for young people are abundant but often small and fleeting, with only a few able to seize them [1] - The rise of Web 3.0 and the cryptocurrency sector has created wealth for early adopters, indicating that timing and luck play significant roles in success [1] - The landscape for content creation, particularly through platforms like WeChat and Douyin, has drastically changed, making it harder for newcomers to achieve similar success as those who started earlier [1] Industry Trends - The content creation industry experienced a boom around 2017, where achieving high readership on platforms like WeChat was relatively easy, leading to substantial income for creators [1] - The shift of advertisers from WeChat to platforms like Douyin and Xiaohongshu has resulted in a significant decline in income potential for new content creators [1] - Current metrics indicate that the potential for new content creators to achieve high readership and income is drastically lower than in previous years, with estimates suggesting a reduction to less than 10% of past figures [1] Market Dynamics - The market is characterized by a "winner-takes-all" effect, where a small number of individuals reap significant rewards while the majority struggle to find success [1] - The comparison to stock trading in a volatile market highlights the risks involved, where many participants end up losing rather than gaining [1] - Despite the challenges, there remains a pathway for steady career growth through traditional employment and value investing, suggesting that patience and diligence can still yield positive outcomes [1]

Core Viewpoint - Cheer Holding, Inc. has announced a public offering expected to generate approximately $8.5 million in gross proceeds, aimed at enhancing its mobile internet infrastructure and platform services [1][3]. Group 1: Offering Details - The offering consists of 12,686,565 units, each unit priced at $0.67, which includes one Class A ordinary share or a pre-funded warrant, along with Series A and Series B warrants [2]. - The Series A and Series B warrants have an exercise price of $0.7035 per Class A Share and can be exercised within one year from the issuance date [2]. - The offering is expected to close on or about October 2, 2025, pending customary closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general working capital and corporate purposes, including sales and marketing expenses for user acquisition [3]. Group 3: Company Overview - Cheer Holding is a leading provider of next-generation mobile internet infrastructure and platform services in China, focusing on creating a digital ecosystem that integrates various technologies [6]. - The company is developing a 5G+VR+AR+AI shared universe space, leveraging advanced technologies such as blockchain and cloud computing [6]. - 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 [7].

Group 1 - Kaisa Capital's stock surged over 380% during trading, indicating strong market interest [1] - The company announced a strategic transformation, leveraging shareholder resources, industry strengths, and regional advantages [1] - Kaisa Capital aims to explore digital financial innovation in a compliant regulatory environment, starting from Hong Kong [1] Group 2 - The company has partnered with a licensed virtual asset trading platform approved by the Hong Kong Securities and Futures Commission [1] - This collaboration focuses on advancing the tokenization of real-world assets (RWA) under Hong Kong's compliance framework [1] - The strategic shift is supported by the company's technological accumulation in the web 3.0 sector [1]

Core Viewpoint - Kaisa Capital has initiated a strategic transformation, leveraging shareholder resources, industry and regional advantages, and technological accumulation in the web3.0 field to explore digital financial innovation in a compliant regulatory environment starting from Hong Kong [1] Group 1: Strategic Transformation - Kaisa Capital's stock surged over 380% during trading, reflecting market enthusiasm for its new direction [1] - The company aims to collaborate with a licensed virtual asset trading platform approved by the Hong Kong Securities and Futures Commission to promote the tokenization of real-world assets (RWA) [1] Group 2: Technological and Regulatory Focus - The strategic shift is supported by Kaisa Capital's partnerships and technological capabilities in the web3.0 sector [1] - The initiative emphasizes compliance with regulatory frameworks in Hong Kong, indicating a focus on sustainable and responsible innovation in digital finance [1]

Company Insights - Novo Nordisk has lowered its full-year earnings guidance, with operating profit growth expectations revised from 16%-24% to 10%-16% due to lower-than-expected penetration of its weight loss drug Wegovy in cash payment channels, impacted by "unsafe and illegal large-scale counterfeit drugs" [2] - The stock price of Novo Nordisk fell by 21.81% following the announcement, leading to a decline in several U.S. pharmaceutical stocks [2] - Lakala's major shareholder, Legend Holdings, has reduced its stake by 5.3596 million shares, bringing its ownership down to 25.86% [14] Industry Insights - The China Photovoltaic Industry Association has issued a clarification regarding rumors about the multi-crystalline silicon sector, stating that the circulated information is significantly inaccurate [4] - The rumors were related to the "big collecting small" storage initiative, which involves multiple companies including Xinyi, Nanfang, Baofeng, Runyang, and Hosheng Silicon Industry [4] - The express delivery industry is expected to undergo a value reassessment as the State Post Bureau addresses "involution-style" competition, with potential price increases in response to regulatory calls [10]

Group 1 - The "Stop Killing Games" movement has gathered over 1.3 million signatures, compelling the European Commission to discuss legislative changes regarding game shutdowns [3][33]. - The movement was sparked by the shutdown of Ubisoft's racing game "The Crew," which had been operational for 10 years, leading to player outrage over the loss of access to purchased games [6][9]. - The movement's key demands include ensuring that games remain playable after official support ends and that players do not need to maintain a connection with the game company to access their games [15][33]. Group 2 - The movement reflects a growing discontent among players regarding the perceived "tyranny" of game companies, which often dictate the terms of game access and ownership through user agreements [8][11]. - Critics of the movement, such as streamer Thor, argue that imposing regulations could stifle innovation and increase operational costs for game developers, potentially leading to fewer new games being created [24][26]. - The movement has highlighted the broader issue of user rights in the digital space, where players often do not own their games or accounts, raising questions about data ownership and the implications of centralized control by game companies [37][40]. Group 3 - The success of the movement has prompted the European Games Industry Association to view it as a significant threat, indicating a potential shift in the balance of power between players and game developers [33]. - Ubisoft has responded to the movement by adding offline modes to its upcoming titles, suggesting that player activism can influence corporate decisions [33]. - The movement signifies a critical moment in the gaming industry, where players are uniting to challenge long-standing practices and advocate for their rights [20][33].

Summary of Conference Call Industry or Company Involved - The discussion primarily revolves around the blockchain industry, specifically focusing on Ant Group and its ecosystem, as well as the broader virtual asset landscape. Core Points and Arguments 1. **Ant Group's Blockchain Position**: Ant Group is highlighted as a leading player in the blockchain space, with significant market potential and development trends. The focus is on its capabilities in transaction management and material management within the blockchain ecosystem [1][2][4]. 2. **Ecosystem Strength**: The strength of Ant Group's ecosystem is emphasized, particularly its international collaborations and partnerships, which enhance its blockchain capabilities [2][5]. 3. **Traditional Internet Companies**: There is a mention of traditional internet giants in China that are quietly entering the virtual asset space, leveraging their cross-border payment capabilities and consumer-facing scenarios [6][7]. 4. **Regulatory Environment**: The evolving regulatory landscape in Hong Kong is noted, with potential for traditional cryptocurrency firms to re-enter the financial sector and possibly undergo IPOs [8][9][11]. 5. **Focus on Brokerages**: Companies like Futu and Tiger Brokers are identified as key players in the market, with their ability to obtain licenses globally being a significant advantage [12][15]. 6. **Web 3.0 Integration**: The discussion touches on the integration of blockchain technology within the Web 3.0 framework, highlighting the competitive edge of internet brokerages over traditional firms [13][14]. 7. **Market Dynamics**: The call suggests that the current market dynamics favor internet brokerages due to their established user base and trading capabilities, which are crucial in the evolving landscape of virtual assets [15][16]. Other Important but Possibly Overlooked Content 1. **Material Management Importance**: The significance of material management in Ant Group's overseas operations is underscored, indicating its critical role in the blockchain ecosystem [4][5]. 2. **Potential Collaborations**: There is an expectation of new collaborations emerging within the traditional internet sector and the cryptocurrency space, which could lead to innovative developments [6][11]. 3. **Licensing Developments**: The upcoming changes in licensing regulations are anticipated to create opportunities for various companies to enhance their operational capabilities in the blockchain sector [16][17].

Core Viewpoint - The article emphasizes the transformative impact of blockchain technology on various industries, particularly in enhancing cross-border payment systems and data sharing, while highlighting the leadership of QuChain Technology in this domain [1][20][21]. Group 1: Blockchain Technology and Its Applications - Emerging technologies like blockchain and distributed ledger are reshaping traditional payment systems, significantly shortening cross-border payment chains and posing challenges for financial regulation [1]. - QuChain Technology has developed a comprehensive ecosystem utilizing its Hyperchain platform, enabling secure data flow and low-cost applications across sectors such as finance, government, and healthcare [5][20]. - The Chongqing Housing Fund Information Sharing Alliance Chain exemplifies practical applications of blockchain, facilitating efficient cross-regional loan processing and enhancing user experience [5][7]. Group 2: Leadership and Achievements of QuChain Technology - QuChain Technology, under the leadership of CEO Qiu Weiwei, has become a key player in the blockchain sector, serving over 300 national institutions and major enterprises, with a business scale reaching trillions of yuan [2][20]. - The company has successfully led the development of national and international blockchain standards, with two projects recently approved by the International Organization for Standardization (ISO) [10][11]. - QuChain's strategic focus on "domestic, independent, and controllable" technology has positioned it as a leader in the blockchain industry, contributing to the global output of Chinese standards [13][21]. Group 3: Gender Diversity and Workforce Dynamics - QuChain Technology maintains a balanced gender ratio, with women comprising approximately 50% of the workforce, and notable representation in technical and management roles [18]. - The company does not implement specific training programs for female employees, emphasizing equal opportunities based on individual capabilities rather than gender [16][18]. Group 4: Future Prospects and Global Engagement - QuChain Technology is actively expanding its international presence, participating in global initiatives and conferences to promote sustainable development and blockchain innovation [13][21]. - The company aims to leverage its technological advancements to address societal needs, particularly in areas like digital finance and smart cities, thereby creating new value [20].