C
Cheer Holding, Inc.
CHRCIK 0001738758NasdaqNon-AcceleratedServices-Computer Processing & Data PreparationE9CAFY ends Dec 31
Period
FY 2025
Revenue
$148.84M
Net Income
$25.62M
Total Assets
$401.69M
Equity
$369.68M
Shares Out
10.29M
Op. Cash Flow
$17.94M
Business
Cheer Holding, Inc. provides advertisement and content production services and operates a mobile and online advertising, media and entertainment business in China. It offers professionally produced short videos, online variety and drama series, live streams, the CHEERS series, the CHEERS App and CHEERS e‑Mall, AI content creation via CHEERS Telepathy, CHEERS API, CheerReal NFT marketplace, CheerCar in‑vehicle app, CheerChat social app, advertising, production services and content licensing. Key business segments include CHEERS Video, CHEERS e‑Mall, CHEERS Telepathy, CHEERS API, CheerReal, CheerCar and CheerChat, plus production, advertising and licensing operations. The company distributes content primarily in China through its CHEERS App, IPTV, online video platforms, television channels and third‑party e‑commerce and advertising partners.
Summary from filing dated 2025-03-10
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2019 2019-12-31 | FY 2018 2018-12-31 |
|---|---|---|---|
| Operating costs | 2 | 276,966 | |
| Loss from operations | −2 | −276,966 | |
| Interest income on marketable securities held in Trust Account | 6 | 2 | |
| Unrealized gain (loss) on marketable securities held in Trust Account | 19,313 | −61,139 | |
| Other income, net | 6 | 2 | |
| Net income | 3 | 2 | |
| Weighted average shares outstanding, basic and diluted | 7 | 7 | |
| Basic and diluted adjusted net loss per ordinary share | −0.32 | −0.04 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2019 2019-12-31 | FY 2018 2018-12-31 | FY 2018 2018-01-31 |
|---|---|---|---|---|
| Cash | 34,527 | 406,994 | — | |
| Prepaid expenses | 47,292 | 119,892 | — | |
| Total Current Assets | 81,819 | 526,886 | — | |
| Marketable securities held in Trust Account | 258 | 252 | — | |
| Total Assets | 258 | 252 | — | |
| Current Liabilities - Accounts payable and accrued expenses | 580,410 | 23,790 | — | |
| Advances from relate party | 250,000 | — | — | |
| Total Current Liabilities | 830,410 | 23,790 | — | |
| Convertible promissory note - related party | 1 | — | — | |
| Total Liabilities | 2 | 23,790 | — | |
| Commitments | — | — | — | |
| Ordinary shares subject to possible redemption, 24,335,130 and 24,553,676 shares at redemption value at December 31, 2019 and 2018, respectively | 251 | 247 | — | |
| Preferred shares, $0.0001 par value; 2,000,000 authorized; none issued and outstanding | — | — | — | |
| Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 7,114,870 and 6,896,324 shares issued and outstanding (excluding 24,335,130 and 24,553,676 shares subject to possible redemption) at December 31, 2019 and 2018, respectively | 711 | 690 | — | |
| Additional paid-in capital | 111,873 | 3 | — | |
| Retained earnings | 5 | 2 | — | |
| Total Shareholders Equity | 5 | 5 | — | |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 258 | 252 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2019 2019-12-31 | FY 2018 2018-12-31 |
|---|---|---|---|
| Interest earned on securities held in Trust Account | −6 | −2 | |
| Unrealized (gain) loss on securities held in Trust Account | −19,313 | 61,139 | |
| Accounts payable and accrued expenses | 556,620 | 23,790 | |
| Prepaid expenses | 72,600 | −119,892 | |
| Net cash used in operating activities | −2 | −373,068 | |
| Investment of cash in Trust Account | — | −250 | |
| Net cash used in investing activities | — | −250 | |
| Proceeds from issuance of ordinary shares to Sponsor | — | 25,000 | |
| Proceeds from sale of Units, net of underwriting discounts paid | — | 245 | |
| Proceeds from sale of Private Placement Warrants | — | 7 | |
| Advances from related party | 600,000 | 140,237 | |
| Repayment of advances from related party | — | −140,237 | |
| Proceeds from promissory note - related party | — | 299,784 | |
| Proceeds from convertible promissory note - related party | 750,000 | — | |
| Repayment of promissory note - related party | — | −299,784 | |
| Payment of offering costs | — | −744,938 | |
| Net cash provided by financing activities | 1 | 251 | |
| Net change in cash | −372,467 | 406,994 | |
| Initial classification of ordinary shares subject to possible redemption | — | 246 | |
| Change in value of ordinary shares subject to possible redemption | 3 | 2 | |
| Conversion of advances from related party to convertible promissory note | 350,000 | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro