Cheer Holding, Inc. Announces Share Consolidation

Cheer Holding, Inc. announced a share consolidation of its Class A ordinary shares, effective April 6, 2026. The consolidation ratio is 1 post-split share for every 3 pre-split shares. This measure aims to increase the per-share trading price to maintain the company's listing on the Nasdaq Capital Market. Following the consolidation, the number of issued and outstanding Class A ordinary shares will decrease from 4,686,248 to approximately 1,562,083. The shares will continue trading under the symbol "CHR" on Nasdaq, with the adjusted trading basis beginning April 7, 2026. The company's authorized share capital will also be amended to reflect the consolidation. Outstanding warrants and equity rights will be proportionally adjusted, and fractional shares will be rounded up.