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Cheer Holding (NASDAQ: CHR) wins approval for Class A share consolidation

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6-K

Rhea-AI Filing Summary

Cheer Holding, Inc. reported that shareholders approved, as a special resolution, a Share Consolidation and Reduction of its authorised share capital at an Extraordinary General Meeting held in Beijing.

The plan changes the authorised Class A ordinary shares from 10,000,000 shares of par value US$0.05 each to 3,333,333 shares of par value US$0.15 each, while leaving the authorised 500,000 Class B ordinary shares at US$0.001 par value and 2,000,000 preferred shares at US$0.0001 par value unchanged.

The Share Consolidation and Reduction is subject to certain conditions, and its implementation and timing will be determined at the discretion of the directors. The Company notes in its forward-looking statements that this step is intended, among other things, to help maintain compliance with Nasdaq’s minimum bid price requirement.

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Insights

Cheer wins approval for a discretionary reverse share consolidation of its authorised capital.

Cheer Holding obtained shareholder approval for a Share Consolidation and Reduction that increases the par value of Class A ordinary shares from US$0.05 to US$0.15 while reducing their authorised count from 10,000,000 to 3,333,333. Class B and preferred share authorisations remain unchanged.

The Company states this consolidation is intended, among other aims, to support compliance with Nasdaq’s minimum bid price requirement. However, the resolution is conditional, and directors retain full discretion over when and whether to implement it, so the immediate effect is limited to capital structure authorisation.

Actual impact will depend on the directors’ chosen implementation date and any subsequent market response once the consolidation, if effected, changes the share count and trading price mechanics. Future disclosures in company filings may provide more detail on execution and any related Nasdaq listing developments.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number: 001-38631

 

CHEER HOLDING, INC.

 

19F, Block B, Xinhua Technology Building,

No. 8 Tuofangying South Road,

Jiuxianqiao, Chaoyang District, Beijing, China 100016

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒       Form 40-F ☐

 

 

 

 

 

 

Other Events

 

On March 16, 2026, Cheer Holding, Inc. (the “Company”) issued a press release announcing the results of its Extraordinary General Meeting, which was held on March 16, 2026 (local time), in Beijing, China (the “EGM”).

 

At the EGM, the Company’s shareholders approved a proposal, as a special resolution, subject to certain conditions being met, that the authorised share capital of the Company be reduced and amended:

 

From: US$500,700 divided into 10,000,000 Class A ordinary shares of a par value of US$0.05 each, 500,000 Class B ordinary shares of US$0.001 each and 2,000,000 preferred shares of a par value of US$0.0001 each,

 

To: US$500,699.95 divided into 3,333,333 Class A ordinary shares of a par value of US$0.15 each, 500,000 Class B ordinary shares of US$0.001 each and 2,000,000 preferred shares of a par value of US$0.0001 each,

 

By:

 

i.the cancellation of one authorised but unissued Class A ordinary share of a par value of US$0.05; and

 

ii.the consolidation of the remaining 9,999,999 Class A ordinary shares of a par value of US$0.05 in the authorised share capital of the Company (including issued and unissued share capital) such that each 3 Class A ordinary shares of a par value of US$0.05 are consolidated into 1 Class A ordinary share of a par value of US$0.15,

 

(the “Share Consolidation and Reduction”) provided, however, the implementation and timing of such Share Consolidation and Reduction to be determined in the discretion of the Directors.  

 

A copy of the press release is attached hereto as Exhibit 99.1.

 

Incorporation by Reference

 

This report and Exhibit 99.1 attached to this Form 6-K shall be deemed to be incorporated by reference in the registration statements of on Form S-8 (File No. 333-282386) and on Form F-3, as amended (File No. 333-279221), each as filed with the Securities and Exchange Commission, to the extent not superseded by documents or reports subsequently filed.

 

Exhibit Index

 

Exhibit   Exhibit Description
99.1   Press Release, dated March 16, 2026, regarding results of the Extraordinary General Meeting

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 Dated: March 16, 2026 Cheer Holding, Inc.
   
  By: /s/ Bing Zhang
  Name: Bing Zhang
  Title: Chief Executive Officer

 

2

 

Exhibit 99.1

 

Cheer Holding Announces Results of Extraordinary General Meeting

 

BEIJING, March 16, 2026 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, today announced the results of its Extraordinary General Meeting, which was held on March 16, 2026 (local time), in Beijing, China.

 

At the Extraordinary General Meeting, the Company’s shareholders approved a proposal, as a special resolution, subject to certain conditions being met, that the authorised share capital of the Company be reduced and amended:

 

From: US$500,700 divided into 10,000,000 Class A ordinary shares of a par value of US$0.05 each, 500,000 Class B ordinary shares of US$0.001 each and 2,000,000 preferred shares of a par value of US$0.0001 each,

 

To: US$500,699.95 divided into 3,333,333 Class A ordinary shares of a par value of US$0.15 each, 500,000 Class B ordinary shares of US$0.001 each and 2,000,000 preferred shares of a par value of US$0.0001 each,

 

By:

 

i.the cancellation of one authorised but unissued Class A ordinary share of a par value of US$0.05; and

 

ii.the consolidation of the remaining 9,999,999 Class A ordinary shares of a par value of US$0.05 in the authorised share capital of the Company (including issued and unissued share capital) such that each 3 Class A ordinary shares of a par value of US$0.05 are consolidated into 1 Class A ordinary share of a par value of US$0.15,

 

(the “Share Consolidation and Reduction”) provided, however, the implementation and timing of such Share Consolidation and Reduction to be determined in the discretion of the Directors.

 

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 in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These forward-looking statements include, but are not limited to, that the Share Consolidation and Reduction will enable the Company to maintain the minimum bid price requirement under the Nasdaq continued listing standards, or that the Company will be able to continue to have its Class A ordinary shares listed on The Nasdaq Capital 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) shareholders approve at the Extraordinary General Meeting?

Shareholders approved a special resolution for a Share Consolidation and Reduction of authorised share capital. This mainly affects Class A ordinary shares, changing them from 10,000,000 shares at US$0.05 par value to 3,333,333 shares at US$0.15 par value, subject to conditions.

How will Cheer Holding’s Class A ordinary shares change under the approved plan?

The authorised Class A ordinary shares will shift from 10,000,000 shares with US$0.05 par value each to 3,333,333 shares with US$0.15 par value each. This consolidates the share authorisation while keeping the overall authorised capital for Class A broadly aligned in dollar terms.

Are Cheer Holding’s Class B and preferred share authorisations affected by the resolution?

No, the resolution leaves Class B and preferred share authorisations unchanged. The authorised capital remains 500,000 Class B ordinary shares at US$0.001 par value and 2,000,000 preferred shares at US$0.0001 par value, focusing structural changes only on the Class A ordinary share authorisation.

Has Cheer Holding implemented the Share Consolidation and Reduction yet?

Implementation has not been fixed; only shareholder approval was obtained. The Share Consolidation and Reduction is subject to certain conditions, and the board of directors will determine the specific timing and manner of implementation at its discretion, if and when it proceeds.

Why is Cheer Holding pursuing a Share Consolidation and Reduction of its authorised capital?

The Company states in its forward-looking discussion that the Share Consolidation and Reduction is intended, among other aims, to help maintain the minimum bid price requirement under Nasdaq’s continued listing standards, supporting the ongoing listing of its Class A ordinary shares.

Does the authorised share capital change affect Cheer Holding’s Nasdaq listing status immediately?

The change does not immediately alter listing status; it is an approved framework. The Company notes the consolidation is intended to help meet Nasdaq’s minimum bid price requirement, but actual effects depend on if and when directors implement the consolidation and subsequent market conditions.

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Cheer Holding

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