Cheer Holding Receives Nasdaq Delisting Notice Subject to Hearing Request
Cheer Holding (NASDAQ: CHR) received a Nasdaq notice on November 18, 2025 stating it is not in compliance with the Low Priced Stocks Rule (Listing Rule 5810(c)(3)(A)(iii)) after a closing bid price of $0.10 or less for ten consecutive trading days and with Listing Rule 5550(a)(2) after a sub-$1 closing bid for 30 consecutive business days.
Nasdaq determined to delist the Company's securities; Cheer Holding has until November 26, 2025 to request a Hearing Panel appeal to stay suspension. If no appeal is filed, trading would be suspended on December 1, 2025 and a Form 25-NSE would be filed to remove the listing. The Company intends to request a hearing and is considering options, including a previously shareholder-approved share consolidation from May 12, 2025.
Cheer Holding (NASDAQ: CHR) ha ricevuto una notifica Nasdaq il 18 novembre 2025 che indica che non è in conformità con la Regola delle azioni a basso prezzo (Listing Rule 5810(c)(3)(A)(iii)) dopo un prezzo di chiusura bid di 0,10 $ o meno per dieci giorni di negoziazione consecutivi e con la Listing Rule 5550(a)(2) dopo una chiusura bid inferiore a 1 $ per 30 giorni lavorativi consecutivi.
Nasdaq ha deciso di delistare i titoli della società; Cheer Holding ha tempo fino al 26 novembre 2025 per richiedere un ricorso al Hearing Panel per sospendere la sospensione. Se non viene presentato alcun ricorso, le contrattazioni sarebbero sospese il 1 dicembre 2025 e verrebbe presentato un Form 25-NSE per rimuovere la quotazione. L'azienda intende chiedere un'udienza e sta valutando opzioni, inclusa una precedente consolidazione delle azioni approvata dagli azionisti il 12 maggio 2025.
Cheer Holding (NASDAQ: CHR) recibió un aviso de Nasdaq el 18 de noviembre de 2025 indicando que no cumple con la Regla de acciones a bajo precio (Listing Rule 5810(c)(3)(A)(iii)) tras un precio de cierre de oferta de 0,10 $ o menos durante diez días hábiles de negociación consecutivos y con la Regla 5550(a)(2) tras un cierre de oferta por debajo de 1 $ durante 30 días hábiles consecutivos.
Nasdaq determinó delistar las acciones de la empresa; Cheer Holding tiene hasta el 26 de noviembre de 2025 para solicitar una apelación ante el Hearing Panel para suspender la suspensión. Si no se presenta ninguna apelación, las operaciones se suspenderían el 1 de diciembre de 2025 y se presentaría un Form 25-NSE para eliminar la cotización. La empresa tiene la intención de solicitar una audiencia y está considerando opciones, incluida una consolidación de acciones previamente aprobada por los accionistas el 12 de mayo de 2025.
Cheer Holding (NASDAQ: CHR) 는 2025년 11월 18일 나스닥으로부터 저가 주식 규칙(Listing Rule 5810(c)(3)(A)(iii))에 따라 10거래일 연속 종가가 0.10달러 이하였고, Listing Rule 5550(a)(2)에 따라 30영업일 연속 종가가 1달러 미만으로 나타났다는 통지를 받았습니다.
나스닥은 회사의 증권을 상장폐지하기로 결정했습니다; Cheer Holding은 2025년 11월 26일까지 청문패널(Hearing Panel) 항소를 제기하여 정지 유예를 요청할 수 있습니다. 항소가 제기되지 않으면 거래는 2025년 12월 1일에 중단되고 상장 제거를 위한 Form 25-NSE가 제출될 것입니다. 회사는 청문회를 요청할 의도가 있으며 2025년 5월 12일 주주가 승인한 주식병합을 포함한 옵션을 고려하고 있습니다.
Cheer Holding (NASDAQ: CHR) a reçu un avis de Nasdaq le 18 novembre 2025 indiquant qu'il n'était pas en conformité avec la Règle des actions à faible prix (Listing Rule 5810(c)(3)(A)(iii)) après un prix d'offre de clôture de 0,10 $ ou moins pendant dix jours de négociation consécutifs et avec la Règle 5550(a)(2) après une clôture d'offre sous 1 $ pendant 30 jours ouvrables consécutifs.
Nasdaq a décidé de radier les valeurs de la société; Cheer Holding dispose jusqu'au 26 novembre 2025 pour demander un appel à la Hearing Panel afin de suspendre la suspension. Si aucun appel n'est déposé, les échanges seraient suspendus le 1er décembre 2025 et un Form 25-NSE serait déposé pour retirer la cotation. La société a l'intention de demander une audience et envisage des options, y compris une consolidation d'actions approuvée par les actionnaires le 12 mai 2025.
Cheer Holding (NASDAQ: CHR) erhielt am 18. November 2025 eine Mitteilung von der Nasdaq, dass es nicht mit der Low Priced Stocks Rule (Listing Rule 5810(c)(3)(A)(iii)) übereinstimmt, nachdem der Schlusskurs-Bidpreis zehn aufeinanderfolgende Handelstage lang 0,10 $ oder weniger betrug, und mit der Listing Rule 5550(a)(2), nachdem der Schlusskurs-Bid unter 1 $ lag für 30 aufeinanderfolgende Geschäftstage.
Nasdaq entschied, die Wertpapiere des Unternehmens zu delisten; Cheer Holding hat bis zum 26. November 2025, um eine Hearing Panel–Beschwerde einzureichen, um die Suspension abzuwenden. Wenn keine Beschwerde eingereicht wird, würde der Handel am 1. Dezember 2025 ausgesetzt und ein Form 25-NSE eingereicht, um die Notierung zu entfernen. Das Unternehmen beabsichtigt, eine Anhörung zu beantragen, und prüft Optionen, einschließlich einer zuvor von den Aktionären genehmigten Aktienzusammenlegung vom 12. Mai 2025.
Cheer Holding (NASDAQ: CHR) تلقّت إشعاراً من Nasdaq في 18 نوفمبر 2025 يفيد بأن الشركة غير مطابقة لـ قاعدة الأسهم منخفضة السعر (قائمة القاعدة 5810(c)(3)(A)(iii)) بعد أن بلغ سعر عرض الإغلاق 0.10 دولار أو أقل لمدة عشرة أيام تداول متتالية ومع قاعدة 5550(a)(2) بعد إغلاق عرض يقل عن 1 دولار لمدة 30 يوم عمل متتالية.
قرّرت Nasdaq شطب أسهم الشركة من القيد؛ لدى Cheer Holding حتى 26 نوفمبر 2025 لتقديم استئناف أمام لجنة الاستماع للحفاظ على الإيقاف. إذا لم يُقدّم أي استئناف، سيُعلق التداول في 1 ديسمبر 2025 وسيتم تقديم نموذج 25-NSE لإزالة الإدراج. تعتزم الشركة طلب جلسة استماع وتدرس خيارات، بما في ذلك دمج الأسهم الذي وافق عليه المساهمون سابقاً في 12 مايو 2025.
- Company intends to request a Hearing Panel appeal by Nov 26, 2025
- Filing a hearing request will stay suspension and Form 25-NSE filing
- Share consolidation was approved May 12, 2025 as a compliance option
- Nasdaq determined delisting due to closing bid ≤$0.10 for 10 days
- Class A shares closed under $1 for 30 consecutive business days
- Trading suspension scheduled to begin Dec 1, 2025 if no appeal filed
- Form 25-NSE would remove securities from Nasdaq listing and registration
Insights
Nasdaq has determined to delist Cheer Holding due to sustained low bid prices; the company will appeal to stay listed.
Nasdaq notified the company on
The immediate business mechanism is regulatory: a timely appeal to the Nasdaq Hearings Panel will pause suspension and the Form 25‑NSE filing pending the Panel’s decision. Key dependencies include whether the Panel grants continued listing relief and whether the company can execute the previously shareholder‑approved share consolidation or alternative compliance measures before any final adverse ruling. Watch the hearing request by
BEIJING, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, today announced that on November 18, 2025, it received a notice (the “Notice”) from The NASDAQ Stock Market LLC (“Nasdaq”) notifying that the Company is not in compliance with Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the “Low Priced Stocks Rule”), as the Company’s Class A ordinary shares had a closing bid price of
The letter also indicated that the bid price of the Company's Class A ordinary shares had closed at less than
The Company intends to request such hearing to appeal the Delisting Determination before November 26, 2025, which will stay the suspension of the Company's securities and the filing of the Form 25-NSE pending the Panel’s decision.
The Company is considering all potential options available to it to regain compliance with the aforementioned rules, including implementing a share consolidation previously approved by its shareholders on May 12, 2025 at its 2025 Annual General Meeting.
About Cheer Holding, Inc.
As a preeminent provider of next-generation mobile internet infrastructure and platform services in China, Cheer Holding is dedicated to building a digital ecosystem that integrates “platforms, applications, technology, and industry” into a cohesive digital eco-system, thereby creating a new, open business environment for web3.0 that leverages AI technology. The Company is developing a 5G+VR+AR+AI shared universe space that builds on cutting-edge technologies including blockchain, cloud computing, extended reality, and digital twin.
Cheer Holding’s portfolio includes a wide range of products and services, such as 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, Livestreaming, and more. These offerings provide diverse application scenarios that seamlessly blend “online/offline” and “virtual/reality” elements.
With “CHEERS+” at the core of Cheer Holding’s digital ecosystem, the Company is committed to utilizing innovative product applications and technologies to drive its long-term sustainable and scalable growth.
Safe Harbor Statement
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, that the Company will be granted its request for continued listing or be able to continue to have its Class A ordinary shares listed on The NASDAQ Stock Market. The Company is subject to a number of risks and uncertainties set forth in documents filed by the Company with the Securities and Exchange Commission from time to time, including the Company’s latest Annual Report on Form 20-F filed with the SEC on March 10, 2025. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks 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)
FAQ
What did Cheer Holding (CHR) receive from Nasdaq on November 18, 2025?
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