Business
Univest Securities, LLC Announces Closing of $15 Million Registered Direct Offering for its Client Cheer Holding, Inc. (NASDAQ: CHR)
New York, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the “Offering”) of approximately $15 million for its client Cheer Holding, Inc. (NASDAQ: CHR) (the “Company” or “Cheer Holding”), a leading provider of advanced mobile internet infrastructure and platform services. Under the terms of the secu
About this update from Cheer Holding, Inc.
[{"type":"image","alt":"Univest Securities, LLC","displaySize":"","headline":null,"caption":"Univest Securities, LLC","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":93,"url":"https://media.zenfs.com/en/globenewswire.com/d13cc51b6eceb2e475718c9f0f27e641"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5JNfpRsYN5sY.00RkG0szw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/d13cc51b6eceb2e475718c9f0f27e641","width":300,"height":93}},"lazy":false},{"type":"text","content":"New York, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the “Offering”) of approximately $15 million for its client Cheer Holding, Inc. (NASDAQ: CHR) (the “Company” or “Cheer Holding”), a leading provider of advanced mobile internet infrastructure and platform services.","length":472,"tagName":"p"},{"type":"text","content":"Under the terms of the securities purchase agreement, the Company has agreed to sell to certain investors an aggregate of 187,500,000 of the Company’s Class A ordinary shares, par value $0.001 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.08 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share.","length":469,"tagName":"p"},{"type":"text","content":"The aggregate gross proceeds to the Company were approximately $15 million.","length":75,"tagName":"p"},{"type":"text","content":"Univest Securities, LLC acted as the sole placement agent.","length":58,"tagName":"p"},{"type":"text","content":"The registered direct offering was made pursuant to a shelf registration statement on Form F-3 (File No. 333-279221) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on September 12, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC's website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be o...