Glory Star New Media Group Holdings Ltd

Glory Star New Media Group Holdings Ltd. engages in the provision of advertisement and content production services. It operates through the Cheers APP Internet Business and Traditional Media Business segments. The Cheers APP Internet Business segment generates advertising revenue from broadcasting IP short videos, live streaming, and APP advertising through the Cheers APP; and service revenue from Cheers E-mall marketplace. The Traditional Media Business segment mainly contributes to the advertising revenue from the Cheers TV-series, copyright revenue, customized content production revenue, and others. The company was founded on February 5, 2018 and is headquartered in Beijing, China.

Cheer Holding, Inc. engages in the provision of advertisement and content production services. It operates through the Cheers APP Internet Business and Traditional Media Business segments. The Cheers APP Internet Business segment generates advertising revenue from broadcasting IP short videos, live streaming, and APP advertising through the Cheers APP; and service revenue from Cheers E-mall marketplace. The Traditional Media Business segment mainly contributes to the advertising revenue from the Cheers TV-series, copyright revenue, customized content production revenue, and others. The company was founded on February 5, 2018 and is headquartered in Beijing, China.

BEIJING, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) ("Cheer Holding," or the "Company"), a leading provider of advanced mobile internet infrastructure and platform services, today announced a groundbreaking advancement in its metaverse retail strategy. By harnessing state-of-the-art technologies, including artificial intelligence, digital twin, cloud computing, and blockchain, the Company is poised to deliver tangible outcomes and redefine the future of shopping in convergence of Web 3.0 and AI.

Cheer Holding Unveils AI-Powered Metaverse Retail, Redefining the Future of Shopping with Next-Generation Innovation

Ordinary Shares Will Begin Trading on a Post-Consolidation Adjusted Basis on November 27, 2023 BEIJING, Nov. 22, 2023 (GLOBE NEWSWIRE) --  Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding,” “we” or the “Company”), a leading provider of next-generation mobile internet infrastructure and platform services, today announced that it intends to effect a share consolidation of its ordinary shares at a ratio of 1 post-split ordinary share for every 10 pre-split ordinary shares (the “Share Consolidation”) so that every ten (10) shares issued and outstanding will be combined into one (1) share. Any fractional share of a shareholder resulting from the Share Consolidation will be rounded up to the nearest whole number of shares.

Cheer Holding Announces Share Consolidation of Ordinary Shares

BEIJING, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the “Company”), a leading provider of next-generation mobile internet infrastructure and platform services, today announced that its multimodal artificial intelligence content creation platform CHEERS Telepathy has officially launched its app and WeChat mini program after completing all relevant regulatory filings and is now fully compliant.

CHEERS Telepathy APP Officially Launched Following Regulatory Approval

BEIJING, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (f/k/a Glory Star New Media Group Holdings Limited) (NASDAQ: GSMG) (“Cheer Holding” or the “Company”), a leading provider of next-generation mobile internet infrastructure and platform services, today announced it has changed its legal name from Glory Star New Media Group Holdings Limited. to Cheer Holding, Inc.

Glory Star Announces Name and Trading Symbol Change

BEIJING, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) (“Glory Star” or the “Company”), a leading provider of next-generation mobile internet infrastructure and platform services, today announced the results of its 2023 Annual General Meeting, which was held on October 31, 2023, in Beijing, China.

Glory Star Announces Results of 2023 Annual General Meeting

BEIJING, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) (“Glory Star” or the “Company”), a leading provider of next-generation mobile internet infrastructure and platform services, today announced that on September 19, 2023, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has been granted an additional 180 calendar day period for compliance under its minimum bid price requirement through March 18, 2024. To regain compliance with NASDAQ's minimum bid price requirement, the closing bid price of the Company's ordinary shares needs to be at least $1.00 per share or greater for at least ten consecutive business days by March 18, 2024.

Glory Star New Media Group Holdings Limited Receives Nasdaq Minimum Bid Price Requirement Extension

BEIJING, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited, ("Glory Star", the "Company" or "we") (NASDAQ: GSMG), a leading provider of next-generation mobile internet infrastructure and platform services, today announced that its multimodal artificial intelligence content creation platform CHEERS Telepathy has recently undergone a momentous transformation, catapulting it into the forefront of AI-driven creative tools. With a relentless commitment to enhancing user experience and pushing creative boundaries, CHEERS Telepathy's creative platform continues to redefine the landscape of digital innovation.

Glory Star Unveils a Revolutionary Upgrade on CHEERS Telepathy Creative Platform, Unleashing Cutting-Edge AI Technology Applications

BEIJING, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Glory Star New Media Group Holdings Limited, ("Glory Star", the "Company" or "we") (NASDAQ: GSMG), a leading provider of next-generation mobile internet infrastructure and platform services, today announced the acquisition of an invention patent certificate from the National Intellectual Property Administration. The patent, granted to Glory Star's subsidiary CHEERS, is titled "Customer Mining Method and System Based on Customer Behavioral Characteristics," which propels the Company to the forefront of technological innovation in the field of customer acquisition.

Glory Star's Customer Mining Method and System Awarded China National Invention Patent

BEIJING , Sept. 5, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star", the "Company" or "we") (NASDAQ: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced that it closed its private placement pursuant to the Share Subscription Agreement, dated August 16, 2023, and will issue an aggregate of 8,064,516 ordinary shares, at a purchase price of $2.48 per share for an aggregate gross proceeds of $20 million.

Glory Star Announces Closing of $20 Million Strategic Investment

BEIJING , Aug. 16, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star", the "Company" or "we") (NASDAQ: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced that it has entered into a Share Subscription Agreement with two new institutional investors, for the issuance of 8,064,516 ordinary shares in aggregate, at a purchase price of $2.48 per share (the "Private Placement"). The gross proceeds will be $20,000,000.

Glory Star Announces a New Round of $20 Million Strategic Investment at $2.48 per Share

BEIJING , Aug. 10, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star", the "Company" or "we"), a leading digital media platform and content-driven e-commerce company in China, today announced its unaudited financial results for the first half year of 2023 ended June 30, 2023. First Half 2023 Operating Highlights Downloads of the CHEERS Apps increased to approximately 395 million as of June 30, 2023, representing an increase of 23% compared to approximately 320 million as of June 30, 2022.

Glory Star Reports First Half Year 2023 Unaudited Financial Results

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BEIJING , July 18, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star" or the "Company") (Nasdaq: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced the launch of CHEERS Telepathy, a groundbreaking artificial intelligence (AI) content creation platform that incorporates multimodal functions. Powered by CHEERS AI's intelligent cloud-based service "Polaris", CHEERS Telepathy offers a glimpse into the future of art, by providing a stable and reliable AI content creation experience that allows for unprecedented possibilities of art and creativity.

Glory Star Releases Multimodal AI Content Creation Platform CHEERS Telepathy

BEIJING , June 20, 2023 PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star" or the "Company") (Nasdaq: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced that its subsidiary, CHEERS, has been awarded an invention patent certificate by the National Intellectual Property Administration. This patent recognizes CHEERS' outstanding research and development capabilities and innovation in the field of internet infrastructure services.

Glory Star's Subsidiary CHEERS Awarded National Invention Patent

BEIJING , May 30, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star" or the "Company") (Nasdaq: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced that its subsidiary, CHEERS, has successfully passed the certification audit and received the ISO 27001 Certificate in Information Security Management. ISO27001 stands as one of the most widely adopted and exemplary information security management standards in the world and is also renowned as the pinnacle of international information security management.

CHEERS, the Subsidiary of Glory Star Obtains ISO27001 Certification for Information Security Management

BEIJING , May 23, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star", the "Company" or "we") (NASDAQ: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced a major upgrade to its self-developed digital collection non-fungible tokens ("NFT") application, CheerReal. The update is now available on both Android and IOS apps and comes with improved security, advanced technology, enhanced functionality, and a more user-friendly interface.

Glory Star's Digital Collection NFT App CheerReal Announces Major Platform Upgrade

BEIJING , May 9, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star", the "Company" or "we") (NASDAQ: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced that it closed its private placement with two institutional investors (the "Investors") pursuant to the Share Subscription Agreement, dated April 18, 2023, and will issue an aggregate of 24,193,548 ordinary shares, at a purchase price of $2.48 per share for an aggregate gross proceeds of $60 million. The purchase price was agreed to by the Company and the Investors based off of the privatization price of US $1.55 per share approved by the Company's shareholders on November 11, 2022, and with a 60% premium.

Glory Star Announces Closing of its $60 Million Strategic Investment at $2.48 per Share

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Glory Star New Media (NASDAQ: GSMG ) stock is on the rise Tuesday after the Chinese digital media company announced a $60 million strategic investment. According to a press release, the company is selling 24,193,548 shares of GSMG stock to two institutional investors.

Why Is Glory Star New Media (GSMG) Stock Up 152% Today?

BEIJING , April 11, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star", the "Company" or "we") (NASDAQ: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced the termination of that certain Agreement and Plan of Merger, dated July 11, 2022 ("Merger Agreement"), by and among the Company, Cheers Inc. (the "Parent"), and GSMG Ltd., (the "Merger Sub").

Glory Star New Media Group Holdings Limited Announces Termination of Merger Agreement

BEIJING , April 3, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star", the "Company" or "we") (NASDAQ: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced the results of its Annual General Meeting (2022), which was held on March 31, 2023, in Beijing, China. At the Annual General Meeting, the Company's shareholders: (1) re-elected Mr.

Glory Star New Media Group Holdings Limited Announces Results of its Annual General Meeting

BEIJING , March 24, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited (NASDAQ: GSMG) ("Glory Star" or the "Company"), a leading digital media platform and content-driven e-commerce company in China, today announced that on March 22, 2023, it received a written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") indicating that the Company is not in compliance with the minimum bid price requirement of US$1.00 per share under the Nasdaq Listing Rules (the "Listing Rules"). Based on the closing bid price of the Company's listed securities for the last 30 consecutive business days from February 7, 2023 to March 21, 2023, the Company no longer meets the minimum bid price requirement set forth in Listing Rule 5550(a)(2).

Glory Star New Media Group Holdings Limited Receives Nasdaq Notice of Deficiency Regarding Minimum Bid Price Requirement

BEIJING , March 22, 2023 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star" or the "Company") (Nasdaq: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced its financial results for the full year ended December 31, 2022. Full Year 2022 Operating Highlights Downloads of the CHEERS App[1] was approximately 377 million as of December 31, 2022, compared to approximately 271 million as of December 31, 2021.

Glory Star Reports Full Year 2022 Financial Results

Glory Star New Media is being taken private at $1.55/share. The transaction looks like a done deal with no further major hurdles left.

Glory Star New Media: Another Merger Arb Opportunity With Attractive IRR

BEIJING , Oct. 27, 2022 /PRNewswire/ -- Glory Star New Media Group Holdings Limited, ("Glory Star" or the "Company") (Nasdaq: GSMG), a leading digital media platform and content-driven e-commerce company in China, today announced that at the general meeting of shareholders held today, the Company's shareholders voted in favor of the proposals to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement") dated as of July 11, 2022, among the Company, Cheers Inc. ("Parent") and GSMG Ltd. ("Merger Sub"), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands, substantially in the form attached as Annex A to the Merger Agreement (the "Plan of Merger"), and the transactions contemplated thereby, including the merger contemplated by the Plan of Merger (the "Merger").

News for Glory Star New Media Group Holdings Ltd Stock (GSMG)