Cheer Holding, Inc. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K is filed by Cheer Holding, Inc., a foreign private issuer, for the month of November 2025. The filing addresses a critical regulatory matter regarding the company's listing status on The Nasdaq Capital Market.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on regulatory compliance issues rather than financial performance data.
Material Changes and Regulatory Status
- Initial Non-Compliance: On October 16, 2025, the company received notice of non-compliance with the Nasdaq minimum bid price requirement of $1.00 per share.
- Delisting Determination: On November 19, 2025, Nasdaq notified the company that its securities had a closing bid price of $0.10 or less for ten consecutive trading days ending November 18, 2025.
- Low Priced Stocks Rule: The company is now subject to the "Low Priced Stocks Rule" (Nasdaq Listing Rule 5810(c)(3)(A)(iii)), triggering a determination to delist the securities.
- Immediate Action Required: To stay the suspension and delisting, the company must request a hearing before the Nasdaq Hearings Panel by November 26, 2025.
Outlook, Risks, and Management Commentary
Management intends to timely request a hearing by the November 26, 2025 deadline. However, the filing explicitly states there can be no assurance that the Panel will grant the request for continued listing or that the company will meet continued listing requirements during any potential compliance period. The primary risk is the delisting of the company's securities from The Nasdaq Capital Market.
Investor Verification Checklist
- Verify the company's stock price history to confirm the ten-day period of trading at or below $0.10.
- Monitor the company's announcement regarding the submission of the hearing request by November 26, 2025.
- Review the outcome of the Nasdaq Hearings Panel decision, if granted.
- Check for any subsequent filings regarding a reverse stock split or other capital structure changes intended to regain compliance.