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WebsiteIntroduction
Cheer Holding Inc (NASDAQ: CHR) is a Beijing-based provider of mobile internet infrastructure and platform services in China. The company aims to build a digital ecosystem that integrates platforms, applications, technology, and industry into a unified system for web3.0 environments leveraging AI, blockchain, cloud computing, extended reality, and digital twin technologies. Cheer Holding is engaged in initiatives related to 5G, VR, AR, and AI to support a digital space.
| Ticker | Exchange | Price (USD) | Change (%) | Volume |
|---|---|---|---|---|
| CHR | NASDAQ | 0.1686 | –75.11 | 1,997,154 |
Corporate Structure and Workforce
Cheer Holding operates through two reporting segments: Cheers APP Internet Business and Traditional Media Businesses. Its portfolio includes Polaris Intelligent Cloud, CHEERS Telepathy (an AI content-creation platform), CHEERS Open Platform, CHEERS Video, CHEERS e-Mall, CheerReal (NFT app), CheerCar (interactive entertainment), CheerChat (AI social app), the CHEERS Fresh group-buying e-commerce platform, a Digital Innovation Research Institute, livestreaming services, variety shows, and an IP short-video matrix. All offerings fall within the “CHEERS+” ecosystem aimed at consolidating core competencies. The company’s workforce size is not publicly disclosed.
Digital Ecosystem by fabio
Recent Developments and News
- September 29, 2025: Cheer Holding filed an amendment to its Form F-1 registration statement (File No. 333-289372), proposing up to 15,584,415 units at an assumed public offering price of $0.77 per unit. Each unit consists of one Class A ordinary share (or a pre-funded warrant) and two series of warrants exercisable at $0.81.
- September 30, 2025: The SEC issued a Notice of Effectiveness for the registration statement (Accession No. 9999999995-25-003197), allowing the company to proceed with the public offering.
- October 1, 2025: Cheer Holding filed a Form 6-K announcing the pricing of a best-efforts offering under the effective registration statement. The filing did not include detailed financial metrics but confirmed the financing transaction.
Financial and Strategic Analysis
For the twelve months ended June 30, 2024, Cheer Holding reported US$8.3 million in free cash flow compared to statutory net income of US$34.1 million, resulting in an accrual ratio of 0.27. This indicates that reported profits exceeded cash flow during that period. The company also increased its share count by 11%, which has implications for existing shareholders. As an emerging growth company, Cheer Holding benefits from scaled reporting requirements while raising capital to support its technological ecosystem and broader web3.0 strategy.
Market Position and Industry Context
Cheer Holding operates in the digital infrastructure and platform services market in China, characterized by the growing adoption of cloud, AI, and extended-reality technologies. Its integrated approach, blending online/offline and virtual/real experiences, positions the company alongside other technology firms developing applications in the web3.0 space. Key competitors include both domestic internet firms and specialized platform providers aiming to capture market share in this sector.
TL;DR
As of October 1, 2025, Cheer Holding’s NASDAQ share price stood at $0.1686, reflecting a decrease of 75.11%. The company completed its SEC registration on September 30, 2025, to offer 15.6 million units at $0.77 each, with attached warrants exercisable at $0.81. A Form 6-K on October 1 confirmed the pricing of this offering. For the year ending June 2024, free cash flow was reported at US$8.3 million compared to net income of US$34.1 million, with an 11% increase in share count. The capital raised aims to support the expansion of its web3.0 strategy.
