Cheer

Cheer Holding will implement a 1-for-50 reverse stock split effective December 22, 2025, to maintain its NASDAQ listing; consolidated trading will begin December 23 and the new CUSIP is G29973121. The move reduces outstanding Class A shares from about 234.3 million to roughly 4.7 million; fractional shares will be rounded up and options will be adjusted proportionally. The reverse split follows a NASDAQ delisting notice over persistently low share prices; a hearing is scheduled for January 13, 2026. The board is also reviewing takeover proposals and has completed a registered direct placement of $15 million. » More on de.investing.com

Cheer Holding received a delisting notice from NASDAQ because its Class A share closed at or below $0.10 for ten consecutive trading days and was also below $1.00 for more than 30 days. The stock is currently around $0.05; the company will file a timely appeal, which temporarily suspends the process, and is considering an already approved reverse stock split to regain listing requirements. Cheer has also agreed to a registered direct placement of $15 million at $0.08 per share and is reviewing two preliminary takeover offers ($0.56 and $0.52 per share). Despite the low price, the company reports high gross margins (71.95%) and a strong liquidity ratio (current ratio 8.29). » More on de.investing.com

Cheer Holding placed 187,500,000 common shares at $0.08 each, raising about $15 million; Univest Securities acted as sole placement agent. The placement price is above the current trading price of around $0.06, while market capitalization remains at about $0.71 million. The company also reported two non-binding takeover offers ($0.56 and $0.52 per share) and received a deficiency notice from NASDAQ for falling below the $1.00 minimum price. Financial metrics such as a gross margin of around 72% and high short-term liquidity are highlighted in the reporting. » More on de.investing.com