Cheer Holding receives Nasdaq minimum bid price deficiency notice

BEIJING - Cheer Holding, Inc. (NASDAQ:CHR) announced Monday it has received a deficiency notice from Nasdaq for failing to maintain the minimum bid price requirement of $1.00 per share. The stock currently trades at $0.12, down 95% year-to-date, according to InvestingPro data.

The notice, received on October 16, indicates that the company’s shares traded below the required threshold for 30 consecutive business days from September 4 to October 15, 2025.

According to the company’s statement, the notification has no immediate effect on the listing or trading of Cheer Holding’s securities on the Nasdaq Capital Market.

Nasdaq has granted Cheer Holding a compliance period of 180 calendar days, until April 14, 2026, to regain compliance. To meet the requirement, the company’s Class A ordinary shares must close at $1.00 or above for a minimum of ten consecutive business days before the deadline.

Should the company fail to regain compliance by April 14, 2026, it may be eligible for additional time or potentially face delisting from the exchange.

Cheer Holding stated it will monitor the closing bid price of its shares and evaluate available options to regain compliance within the specified period.

The Beijing-based company describes itself as a provider of mobile internet infrastructure and platform services in China, with offerings that include various digital products and services.

This information is based on a press release statement issued by the company.

In other recent news, Cheer Holding, Inc. has successfully closed a public offering of units, raising approximately $8.5 million in gross proceeds. The offering, conducted on a best efforts basis, consisted of 12,686,565 units, each priced at $0.67. Each unit included one Class A ordinary share or a pre-funded warrant, along with one Series A warrant and one Series B warrant, both exercisable for additional Class A shares. The pre-funded warrants were offered at $0.669 per share and are immediately exercisable with an exercise price of $0.001 per share, subject to certain ownership limitations. The company initially announced the pricing of this offering recently, aiming to secure the $8.5 million in gross proceeds. This development was confirmed through a recent SEC filing. These recent activities indicate Cheer Holding’s strategic financial maneuvers to bolster its capital.

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