Cheer Holding shares surge 11.11% after-hours after trading halt signals pending market-moving news.

Cheer Holding Inc. rose 11.11% in after-hours trading following a trading halt at 19:50 EST with pending news, signaling an imminent market-moving announcement. While older news, including a Nasdaq delisting notice and share consolidation, had previously pressured the stock, the immediate catalyst appears linked to the halt, which typically precedes material disclosures. The after-hours surge suggests investor speculation about favorable developments, such as a potential acquisition or restructuring, though the specific nature of the pending news remains undisclosed.