Cheer Holding, Inc.CHR
Cash in trust
$258M
$257,516,070
Trust per share
$10.58
Redemption value
IPO
Aug 2018
$10.0B raised
Combination deadline
—
Not disclosed
Filings on record
285
Latest Sep 23, 2026
Business combination
- Target
- Not disclosed in an indexed filing
- Closed
- Feb 21, 2020
Overview
Cheer Holding, Inc. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001738758. It completed its initial public offering in Aug 2018, raising $10.0B in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker CHR on Nasdaq. The vehicle is sponsored by TKK Symphony through TKK Symphony Sponsor I. The mandate targets financial services. Business combination closed; the company trades under a new ticker.
“we intend to focus our search for target businesses on specific locations and industry sectors as described in this prospectus, we are not limited to those locations and sectors and may consummate a business combination with a 26 company in any location or industry we choose.”
Reading the filings
Arithmetic on what Cheer Holding, Inc. has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.58 per public share, 5.8% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Sponsor promote
The sponsor's founder block is 6,325,000 shares against 24,335,130 public shares, or 20.6% of the combined count, acquired before the IPO at nominal cost. That promote is the structural dilution every public shareholder carries into a combination, and it is why the economics of a de-SPAC differ so sharply from a conventional IPO.
Rights, not warrants
Each unit carried one right per unit. A right converts automatically on closing rather than needing to be exercised at a strike, so it is dilution that arrives whatever the share price does — unlike a warrant, which only bites if the stock works. For a holder redeeming at the trust it is worth nothing either way; for one staying in, it is a certain claim rather than an option.
Sponsor record
TKK Symphony has launched 2 vehicles. Of the 2 that have resolved, 2 closed a combination and 0 liquidated, a 100% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.
Underwriting
EarlybirdCapital led the offering. It has been named on 72 SPAC IPOs, book-running 1 of them, and 65.5% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
285 filings in all. 9 in the last three months, against a busiest month of 22.
News on Cheer Holding, Inc.
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13D
Beneficial ownership report (activist)
Accession 0001096906-26-001424
- SCHEDULE 13D/A
SCHEDULE 13D/A filing
Accession 0001213900-26-101030
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-101022
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0002108573-26-000002
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000921895-26-001888
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-082153
- S-8
REGISTRATION STATEMENT
Accession 0001213900-26-079601
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-077161
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-076358
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-070096
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000921895-26-001089
- SCHEDULE 13D/A
SCHEDULE 13D/A filing
Accession 0001213900-26-044683
- SCHEDULE 13D/A
SCHEDULE 13D/A filing
Accession 0001213900-26-044682
- SCHEDULE 13D/A
SCHEDULE 13D/A filing
Accession 0001213900-26-044147
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-038863
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-032637
- 20-F
ANNUAL REPORT
Accession 0001213900-26-032337
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-028304
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-027796
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-027795
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-021589
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0000921895-26-000289
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0002108573-26-000001
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-26-008806
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-123496
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-113683
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-111784
- SCHEDULE 13G/A
Amended beneficial ownership report (passive)
Accession 0001079973-25-001725
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000921895-25-002976
- 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Accession 0001213900-25-106871
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Cheer Holding, Inc.: questions answered
What is Cheer Holding, Inc. (CHR)?
Cheer Holding, Inc. is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001738758. It completed its initial public offering in Aug 2018, raising $10.0B in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker CHR on Nasdaq. The vehicle is sponsored by TKK Symphony through TKK Symphony Sponsor I. The mandate targets financial services. Business combination closed; the company trades under a new ticker.
How much does Cheer Holding, Inc. hold in trust?
Approximately $257,516,070, or about $10.58 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Cheer Holding, Inc. complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if Cheer Holding, Inc. does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Cheer Holding, Inc., and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.58 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Cheer Holding, Inc. trade under?
Class A shares trade as CHR on Nasdaq. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Cheer Holding, Inc.?
No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.58, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $1.35, a spread to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.
How much dilution do Cheer Holding, Inc.'s founder shares and warrants create?
The founder block is 6,325,000 shares against 24,335,130 public shares, so roughly 20.6% of the combined count sits with the sponsor at nominal cost. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Cheer Holding, Inc., and what is their track record?
TKK Symphony Sponsor I is the sponsor entity, part of the TKK Symphony franchise. That franchise has launched 2 vehicles in total, of which 2 closed a combination and 0 liquidated, a 100% completion rate on resolved vehicles. Named principals: Sing Wang.
Which banks underwrote the Cheer Holding, Inc. IPO?
EarlyBirdCapital, I-Bankers Securities. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Cheer Holding, Inc. tradeable, and where?
Yes. CHR returned a live quote of $1.35 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is Cheer Holding, Inc. a good investment?
That is not a question this site answers. Cheer Holding, Inc. is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Cheer Holding, Inc. data come from?
Filings Cheer Holding, Inc. submitted to the SEC under CIK 0001738758: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Nov 1, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
TKK Symphony: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
EarlyBirdCapital in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Financial Services SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.