[6-K] Cheer Holding, Inc. Current Report (Foreign Issuer)
Cheer Holding, Inc. reported that it has formed a special committee to review two preliminary, non-binding proposals to acquire all of its shares. These proposals indicate external interest in buying the entire company, but they are still at an early stage and not legally binding. The special committee is expected to provide an independent evaluation of the terms and implications of any potential transaction for shareholders.
The company disclosed this development through a press release dated November 18, 2025, which is attached as an exhibit and incorporated by reference into its existing registration statements on Form S-8 and Form F-3. This linkage allows the same information to apply across those registered securities programs.
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Insights
Cheer Holding is evaluating two early-stage proposals to buy the entire company.
Cheer Holding, Inc. has received two preliminary, non-binding proposals to acquire all of its shares and has created a special committee to evaluate them. A special committee typically consists of directors tasked with independently reviewing potential transaction terms and implications for shareholders.
Because the proposals are described as preliminary and non-binding, there is no assurance that any definitive agreement or transaction will result. The announcement mainly signals that discussions are formal enough to warrant structured board-level review, but without disclosed price, structure, or counterparties, the potential outcomes remain wide.
The related press release is incorporated by reference into existing Form S-8 and Form F-3 registration statements, ensuring this development is part of the broader disclosure record around the company’s registered securities. Any later updates would likely appear in subsequent company communications as the special committee’s evaluation progresses.
