Cheer Holding, Inc. Receives Nasdaq Notice of Non-Compliance with Minimum Bid Price Requirement

Cheer Holding, Inc. (NASDAQ: CHR) received a notice from The NASDAQ Stock Market LLC on October 16, 2025, indicating that the company is not in compliance with the minimum bid price requirement of $1.00 per share under the Nasdaq Listing Rules. The notice was based on the closing bid price of the company’s listed securities for the last 30 consecutive business days from September 4, 2025, to October 15, 2025. The notice is a notification of deficiency and does not currently affect the listing or trading of the company’s securities on The Nasdaq Capital Market. The company has a compliance period of 180 calendar days, or until April 14, 2026, to regain compliance. To regain compliance, the company’s Class A ordinary shares must be at least $1.00 for a minimum of ten consecutive business days. If the company does not regain compliance by April 14, 2026, it may be eligible for additional time to regain compliance or may face delisting. The company intends to monitor the closing bid price of its Class A ordinary shares and evaluate its available options to regain compliance within the compliance period.