Cheer Holding, Inc. Announces Results of its Annual General Meeting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2025
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Source: Newsfilter
Annual General Meeting Outcomes: Cheer Holding, Inc. held its 2025 Annual General Meeting where shareholders re-elected Mr. Ke Chen as a director, ratified Enrome LLC as the accounting firm for 2025, approved an increase in authorized Class A shares from 200 million to 500 million, and authorized share consolidation options.
Company Overview and Future Plans: Cheer Holding is focused on creating a digital ecosystem integrating advanced technologies like AI, blockchain, and cloud computing, with a diverse portfolio of products aimed at enhancing user experiences in the evolving web3.0 landscape.
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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