Cheer Holding, Inc. — Form SCHEDULE 13D
Filed September 23, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D
▼ Likely negative
significance 18/100
What the filing says
On September 16, 2026, Bing Zhang (chairman, CEO, interim CFO of Cheer Holding) sold 500,000 Class B ordinary shares ($0.001 par value) to Lioness Limited (Hong Kong entity, director Lim Kien Leong) for US$500 total consideration—approximately $0.001 per share. The shares are unregistered, subject to a 40-day restricted period under Regulation S, and carry restrictive legends. A Joint Filing Agreement dated September 23, 2026 establishes Lioness Limited and Lim Kien Leong as Schedule 13D filers.
Why this rating
Insider sale by company leadership at nominal price ($0.001/share) signals weak valuation; represents ~0.2% of company market cap but raises governance/confidence concerns.
See more from September 23, 2026.
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