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				</style></head><body lang="en-US" text="#000000" bgcolor="#ffffff"><hr class="header"><br><hr class="headerThin"><div class="contentwrapper"><table role="presentation" id="scheader"><tr><td class="tableClassNoBorderAlignCenter" style="font-size:2em;">
						SECURITIES AND EXCHANGE COMMISSION
						<br>
						Washington, D.C. 20549
					</td></tr><tr><td class="tableClassNoBorderAlignCenter"><br><br><div style="font-size:1.5em;">
									SCHEDULE 13G
								</div><br><br></td></tr><tr><td class="tableClassNoBorderAlignCenter"><div style="font-size:1.2em;">
							UNDER THE SECURITIES EXCHANGE ACT OF 1934
					</div></td></tr><tr><td class="center"><div class="information" style="text-align:center; font-weight:bold;">
									(Amendment No. <span style="color:blue;">1</span>)
								</div><br><br></td></tr><tr><td class="center"><div class="information" style="text-align:center; font-weight:bold; color:blue;">Cheer Holding, Inc.</div><div class="information" style="text-align:center; font-weight:bold;"><hr class="separatorThin">(Name of Issuer)</div><br><br></td></tr><tr><td class="center"><div class="information" style="text-align:center; font-weight:bold; color:blue;">Class A Ordinary Shares, par value $0.15 per share</div><div class="information" style="text-align:center; font-weight:bold;"><hr class="separatorThin">(Title of Class of Securities)</div><br><br></td></tr><table border="1"><tr><td><div class="information" style="text-align:center; font-weight:bold; color:blue;">G39973139</div><div class="information" style="text-align:center; font-weight:bold;"><hr class="separatorThin">(CUSIP Number)</div></td></tr><br><br></table><tr><td class="center"><div class="information" style="text-align:center; font-weight:bold; color:blue;">06/22/2026</div><div class="information" style="text-align:center; font-weight:bold;"><hr class="separatorThin">(Date of Event Which Requires Filing of this Statement)</div></td></tr></table><br><br><table><tr><td class="label"> Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</td></tr><tr><td><img src="/Images/box-unchecked.jpg" alt="Checkbox not checked">   Rule 13d-1(b)
					</td></tr><tr><td><img src="/Images/box-checked.jpg" alt="Checkbox checked">   Rule 13d-1(c)
					</td></tr><tr><td><img src="/Images/box-unchecked.jpg" alt="Checkbox not checked">   Rule 13d-1(d)
				</td></tr></table></div><hr class="headerThin"><hr class="header"><br><br>
  <div style="display:none">
			schemaVersion:
			</div>
<div class="content"><div class="form1"></div></div>
  <div class="content"><div class="form1"><table><tr><td class="center"><br><br><p><div align="center" style="font-size:1.2em;">
								SCHEDULE 13G
							</div></p></td></tr></table><table role="presentation" class="tableClass" id="cusipNumber"><tr class="tableClass"><td width="7%" style="font-weight:bold;">CUSIP Number(s):</td><td width="75%"><div style="font-size:.9em; color:#000000">G39973139</div></td></tr></table><br><br><table role="presentation" class="tableClass" id="reportingPersonDetails"><tr class="tableClass"><td width="8%" class="tableClassValign">1</td><td width="92%" class="tableClass">Names of Reporting Persons
				<br><br><div class="text">Brueckner Frank Ulrich</div></td></tr><tr><td width="8%" class="tableClassValign">2</td><td width="92%" class="tableClass">Check the appropriate box if a member of a Group (see instructions)
				<br><br><div class="text"><img src="/Images/box-unchecked.jpg" alt="Checkbox not checked">  (a)
					<br><img src="/Images/box-unchecked.jpg" alt="Checkbox not checked">  (b)	
				</div></td></tr><tr class="tableClassWithBgBlack"><td width="8%" class="tableClassValign">3</td><td width="92%" class="tableClass">Sec Use Only</td></tr><tr><td width="8%" class="tableClassValign">4</td><td width="92%" class="tableClass">Citizenship or Place of Organization
				<br><br><div class="text"></div></td></tr><tr><td width="8%" class="tableClassValign">Number of Shares Beneficially Owned by Each Reporting Person With:</td><td width="92%" class="tableClass"><table class="innerTableClass"><tr><td width="8%" class="innerTableClassRightValign">5</td><td width="92%" class="tableClassInnerLeft">Sole Voting Power
							<br><br><div class="text"></div></td></tr><tr><td width="8%" class="innerTableClassRightValign">6</td><td width="92%" class="tableClassInnerLeft">Shared Voting Power
							<br><br><div class="text"></div></td></tr><tr><td width="8%" class="innerTableClassRightValign">7</td><td width="92%" class="tableClassInnerLeft">Sole Dispositive Power
							<br><br><div class="text"></div></td></tr><tr><td width="8%" class="innerTableClassRightValignBottomLess">8</td><td width="92%" class="tableClassInnerLeftBottomLess">Shared Dispositive Power
							<br><br><div class="text"></div></td></tr></table></td></tr><tr><td width="8%" class="tableClassValign">9</td><td width="92%" class="tableClass">Aggregate Amount Beneficially Owned by Each Reporting Person
				<br><br><div class="text"></div></td></tr><tr><td width="8%" class="tableClassValign">10</td><td width="92%" class="tableClass">Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
				<br><br><img src="/Images/box-unchecked.jpg" alt="Checkbox not checked"></td></tr><tr><td width="8%" class="tableClassValign">11</td><td width="92%" class="tableClass">Percent of class represented by amount in row (9)
				<br><br></td></tr><tr><td width="8%" class="tableClassValign">12</td><td width="92%" class="tableClass">Type of Reporting Person (See Instructions)
				<br><br><div class="text"></div></td></tr></table></div><div class="form1"><table><tr><td class="center"><br><br><p><div align="center" style="font-size:1.2em;">
								SCHEDULE 13G
							</div></p></td></tr></table><table role="presentation" id="item1to9"><tr><td width="8%" class="tableClassValignNoBorder">Item 1.</td><td width="92%" class="tableClassNoBorder"> </td></tr><tr class="tableClass"><td width="8%" class="tableClassNoBorderAlignCenter">(a)</td><td width="92%" class="tableClassNoBorder">Name of issuer:
					<br><br><div class="text">Cheer Holding, Inc.</div></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter">(b)</td><td width="92%" class="tableClassNoBorder">Address of issuer's principal executive offices:
					<br><br><div class="text">19F, BLOCK B, XINHUA TECHNOLOGY BUILDING, 19F, BLOCK B, XINHUA TECHNOLOGY BUILDING, CHAOYANG DISTRICT, BEIJING, CHINA, 100016.</div></td></tr><tr><td width="8%" class="tableClassValignNoBorder">Item 2.</td><td width="92%" class="tableClassNoBorder"> </td></tr><tr class="tableClass"><td width="8%" class="tableClassNoBorderAlignCenter">(a)</td><td width="92%" class="tableClassNoBorder">Name of person filing:
					<br><br><div class="largetext">Brueckner Frank Ulrich</div></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter">(b)</td><td width="92%" class="tableClassNoBorder">Address or principal business office or, if none, residence:
					<br><br><div class="largetext">Im Hebetal 12, D-07778 Tautenburg, Germany</div></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter">(c)</td><td width="92%" class="tableClassNoBorder">Citizenship:
					<br><br><div class="largetext">German</div></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter">(d)</td><td width="92%" class="tableClassNoBorder">Title of class of securities:
					<br><br><div class="text">Class A Ordinary Shares, par value $0.15 per share</div></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter">(e)</td><td width="92%" class="tableClassNoBorder">CUSIP No.:
					<br><br><div class="text">G39973139</div></td></tr><tr><td width="8%" class="tableClassValignNoBorder">Item 4.</td><td width="92%" class="tableClassNoBorder">Ownership</td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter">(a)</td><td width="92%" class="tableClassNoBorder">Amount beneficially owned:
					<br><br><div class="largetext">178918</div></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter">(b)</td><td width="92%" class="tableClassNoBorder">Percent of class:
					<br><br><div class="largetext">9,7% The filling percentages are based on the total of: (i) 1845453 Class A ordinary shares published by CHR Cheer Holding on 30.06.2026</div></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter">(c)</td><td width="92%" class="tableClassNoBorder">Number of shares as to which the person has:
					<br></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter"> </td><td width="92%" class="tableClassNoBorder">(i) Sole power to vote or to direct the vote:
					<br><br><div class="largetext">178918</div><br></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter"> </td><td width="92%" class="tableClassNoBorder">(ii) Shared power to vote or to direct the vote:
					<br><br><div class="largetext">0</div><br></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter"> </td><td width="92%" class="tableClassNoBorder">(iii) Sole power to dispose or to direct the disposition of:
					<br><br><div class="largetext">178918</div><br></td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter"> </td><td width="92%" class="tableClassNoBorder">(iv) Shared power to dispose or to direct the disposition of:
					<br><br><div class="largetext">0</div><br></td></tr><tr><td width="8%" class="tableClassValignNoBorder">Item 6.</td><td width="92%" class="tableClassNoBorder">Ownership of more than 5 Percent on Behalf of Another Person.</td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter"> </td><td width="92%" class="tableClassNoBorder"><div class="information" style="text-align:justify">
							If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
						</div><br><br><div class="largetext">none</div></td></tr><tr><td width="8%" class="tableClassValignNoBorder">Item 7.</td><td width="92%" class="tableClassNoBorder">Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.</td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter"> </td><td width="92%" class="tableClassNoBorder"><div class="information" style="text-align:justify">
							If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
						</div><br><br><div class="largetext">Not Applicable</div></td></tr><tr><td width="8%" class="tableClassValignNoBorder">Item 8.</td><td width="92%" class="tableClassNoBorder">Identification and Classification of Members of the Group.</td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter"> </td><td width="92%" class="tableClassNoBorder"><div class="information" style="text-align:justify">
								If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
							</div><br><br><div class="largetext">Not Applicable</div></td></tr><tr><td width="8%" class="tableClassValignNoBorder">Item 9.</td><td width="92%" class="tableClassNoBorder">Notice of Dissolution of Group.</td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter"> </td><td width="92%" class="tableClassNoBorder"><div class="information" style="text-align:justify">
								Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
							</div><br><br><div class="largetext">Not Applicable</div></td></tr></table><br></div><div class="form1"><table role="presentation" id="certifications"><tr><td width="8%" class="tableClassValignNoBorder">Item 10.</td><td width="92%" class="tableClassNoBorder">Certifications:</td></tr><tr class="tableClass"><td width="8%" class="tableClassNoBorderAlignCenter"> </td><td width="92%" class="tableClassNoBorder"><div class="largetext">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &#167; 240.14a-11.

</div></td></tr></table><br></div><div class="form1"><table role="presentation" id="signatureInfo"><tr><td width="8%" class="tableClassValignNoBorder">    SIGNATURE</td><td width="92%" class="tableClassNoBorder"> </td></tr><tr><td width="8%" class="tableClassNoBorderAlignCenter"> </td><td width="92%" class="tableClassNoBorder"><div class="information" style="text-align:justify">
						After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
						<br><br></div></td></tr></table><table><tr class="tableClass"><td width="50%" class="tableClassNoBorder"> </td><td width="50%" class="tableClassNoBorder"><table><tr class="tableClass"><td width="100%" class="tableClassInnerNoBorderBlue"><div class="text">Brueckner Frank Ulrich</div></td></tr></table></td></tr></table><table><tr class="tableClass"><td width="50%" class="tableClassNoBorder"> </td><td width="50%" class="tableClassNoBorder"><table><tr class="tableClass"><td width="8%" class="tableClassNoBorderAlignLeft signature">Signature:</td><td width="92%" class="tableClassNoBorderBlue signature">Brueckner Frank Ulrich</td></tr><tr class="tableClass"><td width="8%" class="tableClassNoBorderAlignLeft signature">Name/Title:</td><td width="92%" class="tableClassNoBorderBlue signature">Mr</td></tr><tr class="tableClass"><td width="8%" class="tableClassNoBorderAlignLeft signature">Date:</td><td width="92%" class="tableClassNoBorderBlue signature">08/13/2026</td></tr></table></td></tr></table></div></div>
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