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Smart Share Global Limited Granted Exception by Nasdaq Staff Related to Filing of Its Interim Report
Globenewswire· 2026-03-30 11:00
Core Viewpoint - Smart Share Global Limited has received an exception from Nasdaq regarding the filing of its Interim Report for the fiscal half-year ended June 30, 2025, allowing the company to regain compliance with Nasdaq's listing requirements [1][2]. Group 1: Nasdaq Compliance - Nasdaq Staff notified the company on January 14, 2026, that it did not comply with the filing requirements due to the absence of the Interim Report [2]. - The exception granted by Nasdaq requires the company to file the Interim Report by June 29, 2026, to avoid potential delisting [3]. - If the company fails to meet the filing deadline, it has the right to appeal Nasdaq's determination to a Hearings Panel [3]. Group 2: Company Overview - Smart Share Global Limited, also known as Energy Monster, is a leading consumer tech company in China that provides mobile device charging services through shared power banks [5]. - As of December 31, 2024, the company operated 9.6 million power banks across 1,279,900 points of interest (POIs) in over 2,200 counties and county-level districts in China [5].
Smart Share Global Limited Granted Exception by Nasdaq Staff Related to Filing of Its Interim Report
Globenewswire· 2026-03-30 11:00
Core Viewpoint - Smart Share Global Limited has received an exception from Nasdaq regarding the filing of its Interim Report for the fiscal half-year ended June 30, 2025, allowing the company to regain compliance with Nasdaq's listing requirements [1][2]. Group 1: Nasdaq Compliance - Nasdaq Staff notified the company on January 14, 2026, that it had not complied with the filing requirements as per Listing Rule 5250(c)(1) due to the absence of the Interim Report [2]. - The exception granted by Nasdaq requires the company to file the Interim Report by June 29, 2026, to avoid potential delisting [3]. - If the company fails to meet the terms of the exception, it has the right to appeal to a Hearings Panel regarding the potential delisting of its securities [3]. Group 2: Company Overview - Smart Share Global Limited, also known as Energy Monster, is a leading consumer tech company in China that provides mobile device charging services through shared power banks [5]. - As of December 31, 2024, the company operated 9.6 million power banks located in 1,279,900 points of interest (POIs) across over 2,200 counties and county-level districts in China [5]. - The company's service allows users to access power banks by scanning QR codes on its cabinets, which are placed in various public venues such as entertainment spots, restaurants, and transportation hubs [5].
Smart Share Global Limited Announces Shareholders’ Approval of Merger Agreement
Globenewswire· 2025-12-31 11:00
Core Viewpoint - Smart Share Global Limited, also known as Energy Monster, has received shareholder approval for a merger agreement that will result in the company becoming a privately held entity, with its American depositary shares (ADSs) no longer traded on any exchange [1][3]. Group 1: Merger Details - The extraordinary general meeting (EGM) held on December 31, 2025, saw approximately 79.0% of the total outstanding ordinary shares represented, with 92.8% of the votes cast in favor of the merger agreement [2]. - The merger agreement, dated August 1, 2025, involves the merger of Mobile Charging Merger Limited into Smart Share Global Limited, making the latter a wholly-owned subsidiary of Mobile Charging Investment Limited [1][2]. Group 2: Company Overview - Smart Share Global Limited is a leading consumer tech company in China, specializing in mobile device charging services through a network of shared power banks located in various points of interest (POIs) [4]. - As of December 31, 2024, the company operated 9.6 million power banks across 1,279,900 POIs in over 2,200 counties and county-level districts in China [4].
Smart Share Global Limited to Hold Extraordinary General Meeting of Shareholders
Globenewswire· 2025-11-28 13:00
Core Viewpoint - Smart Share Global Limited, also known as Energy Monster, is moving forward with a merger plan that will result in the company becoming privately held and its American depositary shares (ADSs) being delisted from NASDAQ [1][2][3]. Group 1: Merger Details - An extraordinary general meeting (EGM) is scheduled for December 31, 2025, to vote on the merger agreement and related transactions [1]. - The merger will involve Merger Sub merging with Smart Share, with Smart Share continuing as the surviving entity and becoming a wholly-owned subsidiary of Mobile Charging Investment Limited [2]. - Following the merger, Smart Share's ADSs will no longer be listed on the NASDAQ Capital Market, and the ADS program will be terminated [2]. Group 2: Shareholder Information - Shareholders of record as of December 12, 2025, will be entitled to attend and vote at the EGM [4]. - ADS holders as of November 25, 2025, can instruct the depositary to vote on their behalf at the EGM [4]. Group 3: Company Overview - Smart Share Global Limited is a leading provider of mobile device charging services in China, operating an extensive network of shared power banks across various points of interest [10]. - As of December 31, 2024, the company had 9.6 million power banks in 1,279,900 points of interest across over 2,200 counties and county-level districts in China [10].