Cheer Holding, Inc. Files 2023 Annual Report on Form 20-F

TL;DR

<b>Cheer Holding, Inc. has filed its 2023 annual report on Form 20-F, detailing its financial performance and outstanding share information.</b>

AI Summary

Cheer Holding, Inc. (CHR) filed a Foreign Annual Report (20-F) with the SEC on March 14, 2024. Cheer Holding, Inc. filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The company's ordinary shares trade on The Nasdaq Stock Market under the symbol CHR. Warrants exercisable for ordinary shares trade under the symbol GSMGW on The Nasdaq Stock Market. As of December 31, 2023, Cheer Holding, Inc. had 10,070,012 ordinary shares outstanding. The company is incorporated in the Cayman Islands and its principal executive offices are located in Beijing, China.

Why It Matters

For investors and stakeholders tracking Cheer Holding, Inc., this filing contains several important signals. This filing provides investors with the company's official year-end financial statements and operational overview, crucial for assessing its performance and future prospects. The report confirms the trading status of its ordinary shares (CHR) and warrants (GSMGW) on The Nasdaq Stock Market, indicating ongoing public market activity.

Risk Assessment

Risk Level: low — Cheer Holding, Inc. shows low risk based on this filing. The filing is a standard annual report and does not contain immediate red flags, but the lack of detailed financial data within the provided text limits a deeper risk assessment.

Analyst Insight

Review the full Form 20-F filing for detailed financial statements, management discussion, and risk factors to understand Cheer Holding, Inc.'s operational and financial health.

Key Numbers

• 10,070,012 — Outstanding Ordinary Shares (As of December 31, 2023.)
• 20231231 — Fiscal Year End (Reported period.)
• 20240314 — Filing Date (Date the 20-F was filed.)

Key Players & Entities

• Cheer Holding, Inc. (company) — Filer of the 20-F report.
• The Nasdaq Stock Market (company) — Exchange where CHR and GSMGW are registered.
• CHR (company) — Trading symbol for Cheer Holding, Inc. ordinary shares.
• GSMGW (company) — Trading symbol for Cheer Holding, Inc. warrants.
• Bing Zhang (person) — Company contact person.

FAQ

Industry Context

Cheer Holding, Inc. operates in the services sector, specifically computer processing and data preparation, as indicated by its SIC code 7374.

Regulatory Implications

As a foreign private issuer incorporated in the Cayman Islands and reporting in the US, Cheer Holding, Inc. complies with SEC regulations for annual reports (Form 20-F).

What Investors Should Do

1. Obtain and review the complete Form 20-F filing for detailed financial statements and management discussion.
2. Analyze the company's operational segments and revenue streams as presented in the full report.
3. Assess any disclosed risk factors and their potential impact on the company's future performance.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 20-F.
• 2024-03-14: Filing Date — Date Cheer Holding, Inc. submitted its annual report.

Year-Over-Year Comparison

This is the initial analysis of the 2023 Form 20-F filing; no prior filing data is available for comparison in this context.

Key Financial Figures

• $0.001 — registered Ordinary Shares, par value $0.001 per share CHR The Nasdaq Stock Market
• $11.50 — for one-half of one Ordinary Share, for $11.50 per whole Ordinary Share GSMGW The Nasd
• $10.00 — K's initial public offering of Units at $10.00 per Unit which closed in August 2018;

Filing Documents

• ea0200880-20f_cheerhold.htm (20-F) — 2637KB
• ea020088001ex2-4_cheerhold.htm (EX-2.4) — 55KB
• ea020088001ex8-1_cheerhold.htm (EX-8.1) — 8KB
• ea020088001ex12-1_cheerhold.htm (EX-12.1) — 14KB
• ea020088001ex13-1_cheerhold.htm (EX-13.1) — 5KB
• ea020088001ex15-1_cheerhold.htm (EX-15.1) — 3KB
• ea020088001ex15-2_cheerhold.htm (EX-15.2) — 4KB
• ea020088001ex97-1_cheerhold.htm (EX-97.1) — 43KB
• image_001.jpg (GRAPHIC) — 53KB
• image_002.jpg (GRAPHIC) — 41KB
• image_003.jpg (GRAPHIC) — 18KB
• image_004.jpg (GRAPHIC) — 3KB
• image_005.jpg (GRAPHIC) — 3KB
• image_006.jpg (GRAPHIC) — 3KB
• image_007.jpg (GRAPHIC) — 3KB
• image_008.jpg (GRAPHIC) — 3KB
• image_009.jpg (GRAPHIC) — 3KB
• image_010.jpg (GRAPHIC) — 3KB
• image_011.jpg (GRAPHIC) — 2KB
• image_012.jpg (GRAPHIC) — 2KB
• image_013.jpg (GRAPHIC) — 3KB
• image_014.jpg (GRAPHIC) — 2KB
• image_015.jpg (GRAPHIC) — 18KB
• ex15-1_001.jpg (GRAPHIC) — 4KB
• 0001213900-24-022374.txt (&nbsp;) — 9379KB
• gsmg-20231231.xsd (EX-101.SCH) — 78KB
• gsmg-20231231_cal.xml (EX-101.CAL) — 55KB
• gsmg-20231231_def.xml (EX-101.DEF) — 328KB
• gsmg-20231231_lab.xml (EX-101.LAB) — 613KB
• gsmg-20231231_pre.xml (EX-101.PRE) — 343KB
• ea0200880-20f_cheerhold_htm.xml (XML) — 1047KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31 , 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report For the transition period from to Commission file number: 001-38631 CHEER HOLDING, INC. (Exact name of Registrant as specified in its charter) Cayman Islands (Jurisdiction of incorporation or organization) 22F, Block B, Xinhua Technology Building No. 8 Tuofangying South Road Jiuxianqiao , Chaoyang District, Beijing China 100016 (Address of Principal Executive Offices) Bing Zhang Telephone: + 86 - 10-87700500 Email: zhangbing@gsmg.co 22F, Block B, Xinhua Technology Building No. 8 Tuofangying South Road Jiuxianqiao , Chaoyang District, Beijing China 100016 (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Exchange on which registered Ordinary Shares, par value $0.001 per share CHR The Nasdaq Stock Market Warrants, each exercisable for one-half of one Ordinary Share, for $11.50 per whole Ordinary Share GSMGW The Nasdaq Stock Market Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Number of outstanding shares of each of the issuer's classes of capital or common stock as of the close of the period covered by the annual report: 10,070,012 ordinary shares were outstanding as of December 31, 2023. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of "accelerated filer and large accelerated filer," "accelerated filer," and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer Accelerated filer Non-accelerated filer Emerging growth company If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to 240.10D-1(b). Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: U.S. GAAP International Financial Reporting Standards as issued by the International Accounting Standards Board Other If "Other" has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected

View Full Filing

View this 20-F filing on SEC EDGAR