Cheer Holding, Inc. will effect a 1-for-3 share consolidation of its Class A ordinary shares effective April 6, 2026, primarily to increase its per share trading price to maintain its Nasdaq listing.
Key takeaways
The company will consolidate its Class A ordinary shares at a 1-for-3 ratio, reducing issued shares from 4,686,248 to approximately 1,562,083.
The consolidation is intended to increase the per share trading price to meet Nasdaq's minimum bid price requirement for continued listing.
Post-consolidation trading under the symbol 'CHR' will begin on April 7, 2026, with a new CUSIP number G39973139.
No fractional shares will be issued; any fractional shares resulting from the consolidation will be rounded up to the next whole number.
Outstanding warrants and other equity rights will be proportionately adjusted to reflect the share consolidation.