Cheer Holding Gets Nasdaq Delisting Notice Pending Hearing Request
Delisting Notice from Nasdaq: Cheer Holding, Inc. received a notice from Nasdaq regarding non-compliance with listing rules due to its Class A ordinary shares closing at $0.10 or less for ten consecutive trading days, leading to a delisting determination.
Appeal Process: The company has until November 26, 2025, to appeal the delisting decision, which would temporarily stay the suspension of its securities until a decision is made by the Hearings Panel.
Compliance Options: Cheer Holding is exploring various options to regain compliance, including a previously approved share consolidation aimed at improving its stock price.
Company Overview: Cheer Holding is a leading provider of mobile internet infrastructure in China, focusing on creating a digital ecosystem that integrates advanced technologies like AI, blockchain, and 5G, with a diverse portfolio of products and services.
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