Cheer Holding Announces Plan to Acquire 60% Equity Stake in ZKZG, Accelerating AI Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2025
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Source: Newsfilter
Cheer Holding's Acquisition Plans: Cheer Holding, Inc. has entered a non-binding agreement to acquire a 60% stake in Beijing Zhong Ke Zhi Guo Technology Co., Ltd., a synthetic data provider utilizing generative AI, with further details to be disclosed after due diligence.
Company's Strategic Focus: The acquisition aligns with Cheer Holding's strategy to enhance its presence in the AI sector and develop a digital ecosystem that integrates advanced technologies like blockchain, cloud computing, and extended reality.
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About CHR
Cheer Holding Inc is a holding company principally engaged in the provision of the advertisement and content production services and the operations of mobile and online advertising, media and entertainment business. The Company operates through two segments. The CHEERS Application (APP) Internet Business segment is engaged in operations of the CHEERS APP, including broadcasting intellectual property (IP) short videos, live streaming, app-based advertising, and providing services via the Cheers E-mall marketplace. The Traditional Media Businesses segment includes purchasing and producing TV-series, providing copyrights services, creating customized content and other activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cheer Holding Plans 1-for-50 Share Consolidation to Maintain Nasdaq Listing
- Share Consolidation Plan: Cheer Holding announced a 1-for-50 share consolidation, reducing its outstanding shares from 234,309,902 to approximately 4,686,199, which is aimed at increasing the per-share trading price to meet Nasdaq's continued listing requirements.
- Listing Compliance Challenge: The company received a delisting notification from Nasdaq due to its stock closing below $0.10 for ten consecutive trading days, and it plans to address this challenge through the share consolidation, although future outcomes remain uncertain.
- Automatic Adjustment Mechanism: Shareholders holding shares in book-entry or street name form will have their shares automatically adjusted to reflect the consolidation, enhancing shareholder convenience without requiring additional actions.
- Future Outlook: The consolidation is set to take effect on December 22, 2025, and is expected to provide a stronger compliance foundation for the company's hearing on January 13, 2026, helping to secure its continued listing on Nasdaq.
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Cheer Holding Plans 1-for-50 Share Consolidation to Maintain Nasdaq Listing
- Share Consolidation Plan: Cheer Holding announced a 1-for-50 share consolidation to address Nasdaq delisting risks, with outstanding shares expected to decrease from 234,309,902 to approximately 4,686,199, aiming to increase the per-share trading price to meet Nasdaq's continued listing requirements.
- Nasdaq Compliance Challenge: The company received a delisting notification due to its stock price closing below $0.10 for ten consecutive trading days, and plans to restore compliance before a hearing scheduled for January 13, 2026, although success is not guaranteed.
- Automatic Adjustment Mechanism: Shareholders holding shares in book-entry or
Continue Reading