BEIJING, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (f/k/a Glory Star New Media Group Holdings Limited) (NASDAQ: GSMG) (“Cheer Holding” or the “Company”), a leading provider of next-generation mobile internet infrastructure and platform services, today announced it has changed its legal name from Glory Star New Media Group Holdings Limited. to Cheer Holding, Inc.

In connection with the name change, the Company will also change its trading symbol for tis ordinary shares from “GSMG” to “CHR”. The Company’s warrants will continue to trade under the ticker symbol “GSMGW”. The Company’s ordinary shares will commence trading on the Nasdaq Capital Market under the new name and trading symbol at the market open on November 9, 2023. With the name change, the Company's name will be consistent with its main products, further enhancing the Company’s brand recognition.

No action by the Company's shareholders is required with respect to the name and ticker symbol change. The CUSIP number for the Company’s ordinary shares will remain unchanged.