Cheer Holding Approves $5M Share Buyback Program
Ticker: CHR · Form: 6-K · Filed: Dec 3, 2024 · CIK: 1738758
Sentiment: bullish
Topics: share-repurchase, board-approval, shareholder-value
TL;DR
Cheer Holding is buying back up to $5M in stock until Dec 2025. Bullish.
AI Summary
On December 2, 2024, the board of directors of Cheer Holding, Inc. approved a share repurchase program authorizing the repurchase of up to $5 million worth of the Company's ordinary shares. This program is effective immediately and will continue until December 1, 2025, or until the repurchase limit is reached.
Why It Matters
This share repurchase program signals management's confidence in the company's valuation and can potentially increase shareholder value by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase program, which is a common corporate action.
Key Numbers
- $5.0M — Share Repurchase Authorization (Maximum amount the company can spend on repurchasing its shares.)
Key Players & Entities
- Cheer Holding, Inc. (company) — The company announcing the share repurchase program.
- $5 million (dollar_amount) — The maximum value of shares authorized for repurchase.
- December 2, 2024 (date) — The date the board of directors approved the share repurchase program.
- December 1, 2025 (date) — The expiration date of the share repurchase program.
FAQ
What is the total amount authorized for the share repurchase program?
The board of directors approved a share repurchase program authorizing the repurchase of up to $5 million worth of the Company's ordinary shares.
When was the share repurchase program approved?
The share repurchase program was approved by the board of directors on December 2, 2024.
What is the duration of the share repurchase program?
The program is effective immediately and will continue until December 1, 2025, or until the repurchase limit is reached.
What type of shares are eligible for repurchase?
The program authorizes the repurchase of the Company's ordinary shares.
Is there a specific exchange or market mentioned for the repurchases?
The filing does not specify a particular exchange or market for the repurchases.
Filing Stats: 304 words · 1 min read · ~1 pages · Grade level 11.8 · Accepted 2024-12-03 07:32:11
Key Financial Figures
- $50 million — ogram authorizing a repurchase of up to $50 million of its Class A ordinary shares over the
- $50 Million — ess Release - Cheer Holding Announces US$50 Million Share Repurchase Authorization 1 SIG
Filing Documents
- ea0222772-6k_cheer.htm (6-K) — 13KB
- ea022277201ex99-1_cheer.htm (EX-99.1) — 8KB
- 0001213900-24-104783.txt ( ) — 23KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CHEER HOLDING, INC. By: /s/ Bing Zhang Name: Bing Zhang Title: Chief Executive Officer Dated: December 3, 2024 2