S.H.N. Financial Investments Ltd. Reports 9.99% Ownership in Cheer Holding, Inc.

S.H.N. Financial Investments Ltd., based in Israel, has reported a 9.99% ownership in Cheer Holding, Inc. The filing, submitted under Rule 13d-1(c), details that S.H.N. Financial Investments Ltd. beneficially owns 2,432,016 Class A Ordinary Shares of Cheer Holding, Inc. This includes 1,278,516 Class A Ordinary Shares and 1,153,500 Pre-Funded Warrants to purchase Class A Ordinary Shares. The filing also notes that Nir Shamir, the Chief Executive Officer of S.H.N. Financial Investments Ltd., may be deemed to beneficially own these securities, although he disclaims beneficial ownership for all other purposes. The filing was signed by Nir Shamir on October 9, 2025.