Cheer Holding announces $15M registered direct offering

Cheer Holding (CHR) announced that it has entered into a definitive agreement with certain investors for the purchase and sale of an aggregate of 187,500,000 of the company’s Class A ordinary shares, par value $0.001 per share at a purchase price of $0.08 per share in a registered direct offering. The aggregate gross proceeds to the company of this offering are expected to be approximately $15M. The transaction is expected to close on or about November 6, 2025, subject to the satisfaction of customary closing conditions. Univest Securities, LLC is acting as the sole placement agent.