Filing Overview
Glory Star New Media Group Holdings Limited, identified in the request metadata as Cheer Holding, Inc., filed a Form 6-K for May 2022 on May 20, 2022. The filing is a foreign private issuer report under Form 20-F. The submission consists of a press release concerning a Nasdaq notice of deficiency regarding the minimum bid price.
Business Context and Reporting Period
The filing does not provide operating or financial results for a reporting period. It identifies the company’s principal executive office in Beijing, China, and includes Exhibit 99.1, titled “Glory Star New Media Group Holdings Limited Receives Nasdaq Notice of Deficiency Regarding Minimum Bid Price.”
Financial and Operating Metrics
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, liquidity, cash balances, or other financial metrics.
Material Changes
The material event disclosed is receipt of a Nasdaq deficiency notice related to the minimum bid price requirement. The filing text provided does not state the company’s share price, the applicable Nasdaq rule, the deadline for compliance, the potential consequences, or whether the company intends to pursue any corrective action.
Guidance, Outlook, Risks, and Unusual Items
- The Nasdaq notice creates a potential continued-listing risk if the minimum bid price deficiency is not cured.
- No management guidance, operating outlook, remediation plan, contingency, or expected financial impact is provided in the filing text.
- The filing includes no information on whether Nasdaq initiated additional proceedings or whether delisting is imminent.
Key Facts to Verify
- The full text of Exhibit 99.1 and the specific Nasdaq minimum bid price rule involved.
- The compliance period, required minimum price, and any available cure or appeal rights.
- Whether the company has implemented or plans a reverse stock split or other measure to regain compliance.
- Any subsequent Nasdaq notices, extensions, hearings, or delisting determinations.
- The company’s current legal name and ticker, given the filing identifies the registrant as Glory Star New Media Group Holdings Limited while the request metadata identifies Cheer Holding, Inc.