Core Viewpoint - Cheer Holding, Inc. is facing delisting from The Nasdaq Capital Market due to non-compliance with listing rules, specifically having a closing bid price of $0.10 or less for ten consecutive trading days [1][2]. Group 1: Delisting Notification - On November 18, 2025, Cheer Holding received a notice from Nasdaq regarding non-compliance with the Low Priced Stocks Rule, as its Class A ordinary shares closed at $0.10 or less for ten consecutive trading days [1]. - The company's shares also closed below $1 for the previous 30 consecutive business days, violating Listing Rule 5550(a)(2) [2]. - Nasdaq has determined to delist the company's securities, with a deadline of November 26, 2025, for the company to appeal the decision [2]. Group 2: Appeal and Compliance Efforts - Cheer Holding intends to request a hearing to appeal the delisting determination before the November 26 deadline, which will temporarily stay the suspension of its securities [3]. - The company is exploring various options to regain compliance, including a previously approved share consolidation [3]. Group 3: Company Overview - Cheer Holding is a leading provider of advanced mobile internet infrastructure and platform services in China, focusing on creating a digital ecosystem that integrates platforms, applications, technology, and industry [4]. - The company is developing a 5G+VR+AR+AI shared universe space, leveraging technologies such as blockchain, cloud computing, extended reality, and digital twin [4]. - Cheer Holding's product portfolio includes various offerings like CHEERS Telepathy, CHEERS Video, and AI-animated short drama series, which blend online/offline and virtual/reality elements [5].

Core Viewpoint - Cheer Holding, Inc. has formed a special committee to evaluate two preliminary non-binding acquisition proposals for its Class A ordinary shares, one from Zhongsheng Dingxin Investment Fund Management at US$0.56 per share and another from Excel Ally Ventures Limited at US$0.52 per share [1] Company Overview - Cheer Holding is a leading provider of advanced mobile internet infrastructure and platform services in China, focusing on building a digital ecosystem that integrates platforms, applications, technology, and industry for a new business environment leveraging AI technology [4] - The company is developing a 5G+VR+AR+AI shared universe space utilizing cutting-edge technologies such as blockchain, cloud computing, extended reality, and digital twin [4] Product and Service Portfolio - Cheer Holding's offerings include a diverse range of products and services such as Polaris Intelligent Cloud, CHEERS Telepathy, CHEERS Open Data Platform, CHEERS Video, CHEERS e-Mall, CheerReal, CheerCar, CheerChat, CHEERS Fresh Group-Buying E-commerce Platform, and more [5] - These products provide various application scenarios that blend online/offline and virtual/reality elements [5] Strategic Focus - The company emphasizes "CHEERS+" as the core of its ecosystem, aiming to consolidate its core competitiveness and achieve long-term sustainable and scalable growth [6]

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].

Core Insights - Cheer Holding, Inc. held its 2025 Annual General Meeting on May 12, 2025, in Beijing, where key decisions were made regarding board appointments, accounting firm ratification, and share structure adjustments [1] Group 1: Annual General Meeting Outcomes - Mr. Ke Chen was re-elected as a Class III director until the 2028 annual general meeting [1] - Enrome LLC was ratified as the independent registered public accounting firm for the financial year ending December 31, 2025 [1] - The number of authorized Class A ordinary shares was increased from 200 million to 500 million [1] - The board of directors was authorized to implement a share consolidation for Class A Shares at a ratio of 1-for-10, 1-for-25, or 1-for-50 [1] Group 2: 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 [2] - The company is developing a 5G+VR+AR+AI shared universe space utilizing advanced technologies such as blockchain and cloud computing [2] Group 3: Product and Service Portfolio - Cheer Holding's offerings include a diverse range of products and services such as CHEERS Telepathy, CHEERS Video, CHEERS e-Mall, and various AI-driven content [3] - The company's products aim to blend online/offline and virtual/reality elements, enhancing user engagement across different platforms [3] Group 4: Strategic Focus - The core of Cheer Holding's digital ecosystem is "CHEERS+", which emphasizes innovative product applications and technologies to drive sustainable growth [4]