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Cheer Holding Announces Share Consolidation of Class A Ordinary Shares
Globenewswire· 2025-12-19 12:00
Core Viewpoint - Cheer Holding, Inc. is implementing a share consolidation to increase its per share trading price and maintain its listing on Nasdaq due to previous non-compliance with listing requirements [4]. Group 1: Share Consolidation Details - The share consolidation will occur at a ratio of 1 post-split Class A ordinary share for every 50 pre-split ordinary shares, effective at 4:05 p.m. on December 22, 2025 [1]. - Post-consolidation, the number of issued and outstanding Class A ordinary shares will decrease from approximately 234,309,902 to about 4,686,199 [3]. - Outstanding warrants and other equity rights will be proportionately adjusted, and no fractional shares will be issued; any fractions will be rounded up to the next whole number [3]. Group 2: Nasdaq Listing Compliance - The share consolidation aims to help the company regain compliance with Nasdaq's continued listing requirements after receiving a notification of potential delisting due to stock prices closing at $0.10 or below for ten consecutive trading days [4]. - The company has scheduled a hearing for January 13, 2026, to appeal the delisting determination [4]. Group 3: Company Overview - Cheer Holding, Inc. is a leading provider of next-generation mobile internet infrastructure and platform services in China, focusing on building a digital ecosystem that integrates various technologies [6]. - The company's portfolio includes diverse products and services such as CHEERS Telepathy, CHEERS Video, and AI-animated short drama series, which blend online and offline elements [7]. - The company is committed to utilizing innovative technologies to drive long-term sustainable growth, with "CHEERS+" at the core of its digital ecosystem [8].
Cheer Holding Forms Special Committee to Evaluate the Two Preliminary Non-Binding Proposals to Acquire All of Its Shares
Globenewswire· 2025-11-18 13:00
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]
Cheer Holding Announces Receipt of Two Preliminary Non-Binding Proposals to Acquire All of Its Shares
Globenewswire· 2025-11-05 13:00
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].
Cheer Holding Receives Nasdaq Notification of Non-Compliance with Listing Rules 5550(a)(2)
Globenewswire· 2025-10-20 20:15
Core Viewpoint - Cheer Holding, Inc. has received a notice from NASDAQ indicating non-compliance with the minimum bid price requirement of $1.00 per share, with a compliance period until April 14, 2026, to regain compliance [1][2]. Company Compliance Status - The notice states that Cheer Holding has until April 14, 2026, to ensure its Class A ordinary shares are priced at least $1.00 for a minimum of ten consecutive business days to regain compliance [2]. - If compliance is not achieved by the deadline, the company may be eligible for additional time or could face delisting [2]. Monitoring and Future Actions - The company plans to monitor the closing bid price of its Class A ordinary shares and evaluate options to regain compliance during the compliance period [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 various technologies for a new business environment [4]. - The company is developing a 5G+VR+AR+AI shared universe space utilizing cutting-edge technologies such as blockchain and cloud computing [4]. Product and Service Portfolio - Cheer Holding's offerings include a diverse range of products and services like CHEERS Telepathy, CHEERS Video, CHEERS e-Mall, and various AI-driven content, which blend online and offline experiences [5]. - The core of Cheer Holding's digital ecosystem is "CHEERS+", aimed at driving long-term sustainable growth through innovative applications and technologies [6].