SCHEDULE: Cheer Holding Inc. Ownership Update

Several investment entities and Michael Bigger report beneficial ownership of 1.08% of Cheer Holding, Inc.'s Class A Ordinary Shares.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership of Cheer Holding, Inc. securities.
• The reporting persons, including Bigger Capital Fund LP, Bigger Capital Fund GP, LLC, and Michael Bigger, collectively hold 16,915 Class A Ordinary Shares.
• These shares are issuable upon the exercise of warrants and are subject to a 4.99% beneficial ownership limitation.
• The total percentage of outstanding Class A Ordinary Shares beneficially owned by these reporting persons is 1.08%, based on 1,562,083 shares outstanding as of April 2, 2026.
• District 2 Capital Fund LP, District 2 Capital LP, District 2 GP LLC, and District 2 Holdings LLC report holding 0% of the Class A Ordinary Shares.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine ownership disclosure and does not contain operational or financial performance information.

Positives

• Reporting persons have disclosed their beneficial ownership, providing transparency to the market.
• The disclosed ownership stake is below the 5% threshold for certain reporting requirements, indicating no immediate control-related concerns.

Negatives

• The filing does not contain any negative financial or operational information as it is purely an ownership disclosure.

Risks

• The 4.99% beneficial ownership limitation on shares issuable upon warrant exercise could restrict future increases in stake without triggering further disclosure or potential issues.
• Potential for future changes in ownership, as warrant exercise is a possibility.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future financial performance or strategic initiatives.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors and significant shareholders, providing transparency on ownership stakes. This filing indicates a passive investment approach by the reporting persons in Cheer Holding, Inc.

Stakeholder Impact

• Shareholders gain clarity on the ownership structure and the stake held by Bigger Capital and Michael Bigger.
• The market receives information about a significant, albeit passive, ownership interest in Cheer Holding, Inc.

Next Steps

• The reporting persons will continue to monitor their beneficial ownership in Cheer Holding, Inc.

Key Dates

Keywords

Cheer Holding, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, Warrants, Investment Funds, SEC Filing