Cheer Holding Inc. $(CHR)$, a leading provider of advanced mobile internet infrastructure and platform services, has announced the pricing of a public offering expected to raise approximately $8.5 million in gross proceeds. The offering consists of 12,686,565 units, each including one Class A ordinary share (or a pre-funded warrant), one Series A warrant, and one Series B warrant, with each unit priced at $0.67. Both the Series A and Series B warrants have an exercise price of $0.7035 per Class A share and will be exercisable for one year from the issuance date. The Series B warrant also offers a "zero exercise price" option, enabling holders to receive 5.1235 Class A shares per Series B warrant exercised. Univest Securities, LLC is serving as the sole placement agent for the offering. Net proceeds are intended for general working capital and corporate purposes, including sales and marketing expenses for user acquisition.