Core Viewpoint - Smart Share Global Limited, also known as Energy Monster, has received a preliminary non-binding proposal from Trustar Mobile Charging Holdings Limited and its affiliates to acquire all outstanding ordinary shares of the company at a price of US0.625 per ordinary share represents a 74.8% premium to the closing price on the last trading day before the proposal and a premium of 68.1% and 70.1% to the volume-weighted average price over the last 30 and 60 trading days, respectively [1][9]. - The consortium proposing the acquisition holds approximately 16.9% of the total issued shares, equating to 64.0% of the voting power of the company [9]. Special Committee Formation - The company's board has established a special committee consisting of three independent directors to evaluate the acquisition proposal [2]. - The special committee will engage independent financial and legal advisors to assist in the evaluation process [2]. Funding and Closing Certainty - The consortium intends to finance the acquisition through a combination of equity and debt capital, with commitments already indicated by major banks for the required funding [10]. - The consortium expresses confidence in the closing certainty of the acquisition and aims to expedite the negotiation and completion of definitive agreements [10].
Smart Share Global Limited Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company