Cheer Holding announces $15 million registered direct offering

Cheer Holding, Inc. (NASDAQ: CHR) entered into a definitive agreement with investors for a registered direct offering of 187,500,000 Class A ordinary shares at $0.08 per share, according to a company statement.

The Beijing-based company expects to receive approximately $15 million in gross proceeds from the offering. The transaction is expected to close on or about November 6, 2025, subject to customary closing conditions.

Univest Securities, LLC is serving as the sole placement agent for the offering. The shares are being sold pursuant to a shelf registration statement on Form F-3 that was declared effective by the Securities and Exchange Commission on September 12, 2024.

Cheer Holding provides mobile internet infrastructure and platform services in China. The company operates various digital products and services including CHEERS Telepathy, CHEERS Video, CHEERS e-Mall, and CheerReal, among others.

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