BEIJING, Oct. 20, 2025 — Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the “Company”), a prominent provider of advanced mobile internet infrastructure and platform services, announced today that on October 16, 2025, it was notified by The NASDAQ Stock Market LLC of its non-compliance with the minimum bid price requirement. The Notice indicated that the Company’s shares had traded below the $1.00 per share threshold for the preceding 30 consecutive business days, specifically from September 4, 2025, to October 15, 2025, failing to meet Nasdaq Listing Rule 5550(a)(2). This notification serves as an advisory regarding the deficiency and does not immediately impact the listing or trading of Cheer Holding’s securities on The Nasdaq Capital Market.
According to Listing Rules 5810(c)(3)(A), the Company has been granted a period of 180 calendar days, extending until April 14, 2026, to regain compliance. To fulfill this requirement, Cheer Holding’s Class A ordinary shares must achieve a closing bid price of at least $1.00 for a minimum of ten consecutive business days. Should the Company not achieve compliance by April 14, 2026, it may qualify for an extension or potentially face delisting.
Cheer Holding plans to actively monitor the closing bid price of its Class A ordinary shares through April 14, 2026, and will assess all available strategies to achieve compliance within the stipulated period.
About Cheer Holding, Inc.
As a leading innovator of next-generation mobile internet infrastructure and platform services in China, Cheer Holding is committed to developing a digital ecosystem that integrates “platforms, applications, technology, and industry.” This cohesive digital environment aims to foster a new, open business landscape for web3.0, powered by AI technology. The Company is currently building a 5G+VR+AR+AI shared universe space, leveraging cutting-edge technologies such such as blockchain, cloud computing, extended reality, and digital twin.
Cheer Holding’s diverse offerings encompass a broad array of products and services, including CHEERS Telepathy, CHEERS Video, CHEERS e-Mall, CHEERS Open Data, CheerReal, CheerCar, CheerChat, Polaris Intelligent Cloud, AI-animated short drama series, short video matrix, variety show series, and Livestreaming. These solutions facilitate varied application scenarios that seamlessly merge “online/offline” and “virtual/reality” experiences.
With “CHEERS+” positioned as the core of its digital ecosystem, Cheer Holding is dedicated to driving long-term sustainable and scalable growth through innovative product applications and advanced technologies.
Safe Harbor Statement
Certain statements contained in this release constitute “forward-looking statements” under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Terms such as “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and similar expressions (or their negative counterparts) are used in this press release to identify forward-looking statements. These forward-looking statements include, but are not limited to, the Company’s ability to maintain the listing of its Class A ordinary shares on The NASDAQ Stock Market. The Company is subject to various risks and uncertainties detailed in its filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 20-F filed on March 10, 2025. The Company disclaims any obligation to update or revise any forward-looking statements, whether due to new information, future events, or otherwise, except as mandated by applicable law. Such information is relevant only as of the date of this release.
For investor and media inquiries, please contact:
Wealth Financial Services LLC
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)
