Cheer Holding, Inc. Acquires 60% of ZKZG: A Bold Move into AI and Synthetic Data

Here are the key insights extracted from the provided financial report section:

Document Overview

• Type: Current Report (Form 6-K)
• Date of Report: February 25, 2025
• Commission File Number: 001-38631
• Company Name: Cheer Holding, Inc.
• Headquarters Address: 22F, Block B, Xinhua Technology Building, No. 8 Tuofangying South Road, Jiuxianqiao, Chaoyang District, Beijing, China 100016

Key Announcement

• Investment Agreement: Cheer Holding, Inc. announced the signing of a non-binding investment framework agreement with all shareholders of Beijing Zhong Ke Zhi Guo Technology Co., Ltd. (ZKZG).
• Equity Stake: The agreement involves Cheer Holding acquiring a 60% equity stake in ZKZG.
• Method of Acquisition: The acquisition will be completed through a combination of share issuance and cash payment.
• Business Focus of ZKZG: ZKZG specializes in synthetic data utilizing generative AI and simulation technology, indicating a strategic move into the AI sector.

Additional Information

• The announcement was made via a press release dated February 25, 2025, which is attached as Exhibit 99.1 in the report.

Signatory

• Signed by: Bing Zhang, Chief Executive Officer of Cheer Holding, Inc.
• Date Signed: February 25, 2025

This investment signifies Cheer Holding's commitment to expanding its capabilities and presence in the rapidly growing field of artificial intelligence and synthetic data technology. The move could potentially enhance its competitive position and open up new revenue streams.