Cheer Holding announces share consolidation of class A ordinary shares

2025-12-19 20:19

Cheer Holding (CHR) has announced a share consolidation of its ordinary shares at a ratio of 1 post-split Class A ordinary share for every 50 pre-split ordinary shares, effective at 4:05 p.m. ET on December 22, 2025.
As a result of the share consolidation, the number of issued and outstanding Class A ordinary shares will be reduced from 234,309,902 pre-consolidation Class A ordinary shares to approximately 4,686,199 post-consolidation Class A ordinary shares.
The share consolidation is primarily intended to increase the per share trading price in order to maintain its listing on Nasdaq. The company had received notification from Nasdaq that the common stock closing is at a price of $0.10 or below for ten consecutive trading days. The Company appealed the determination and has a hearing scheduled for January 13, 2026.
CHR -22.0% premarket to $0.0312
Source: Press Release

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