Form 8-K Summary
Business Context and Reporting Period
Glory Star New Media Group Holdings Limited, formerly TKK Symphony Acquisition Corporation and identified in the request as Cheer Holding, Inc., filed this Form 8-K on March 31, 2020. The filing reports historical financial results of acquired company Glory Star New Media Group Limited for the year ended December 31, 2019, before the February 14, 2020 business combination.
Financial Metrics
The filing states that a press release containing Glory Star’s historical 2019 financial results was issued as Exhibit 99.1. The provided filing text does not include the exhibit’s revenue, profit, cash flow, margins, debt, liquidity, or other financial amounts.
Material Changes Versus Prior Period
The principal reported change was the February 14, 2020 business combination between TKK Symphony Acquisition Corp. and Glory Star. The 2019 results relate to Glory Star before that transaction and are not presented as post-combination consolidated results.
Guidance, Outlook, Risks, and Unusual Items
No guidance, forward-looking outlook, management discussion, risk factors, contingencies, or unusual operating items are provided in the filing text. The results in Item 2.02 and Exhibit 99.1 are expressly described as historical information of Glory Star before the business combination.
The information was furnished under Item 2.02 and was not deemed filed for purposes of Section 18 of the Exchange Act or incorporated by reference into other SEC filings.
Investor Verification Checklist
- Verify the full Exhibit 99.1 press release for Glory Star’s 2019 revenue, earnings, cash flow, margins, balance-sheet data, and operating metrics.
- Confirm how Glory Star’s historical results reconcile to the post-February 14, 2020 combined company’s financial statements.
- Review the March 31, 2020 Form 8-K/A referenced in the filing for the business-combination accounting and pro forma information.
- Confirm the registrant’s current corporate name and ticker because the filing identifies the registrant as Glory Star New Media Group Holdings Limited, while the request identifies Cheer Holding, Inc.