Cheer Holding Inc. has announced the pricing and closing of a public offering, raising approximately $8.5 million in gross proceeds. The offering consisted of 12,686,565 units, with each unit containing one Class A ordinary share (or a pre-funded warrant), one Series A warrant, and one Series B warrant. The units were priced at $0.67 each. Univest Securities, LLC acted as the sole placement agent for the transaction. The company intends to use the net proceeds for general working capital and corporate purposes, including sales and marketing expenses for user acquisition. Series B warrants included in the offering allow holders, under a zero exercise price option, to receive a maximum of 65,000,000 Class A shares in aggregate.