MergerApr 29, 2026, 05:02 PM
EM Completes Merger, Goes Private; ADSs Cancelled for $1.25
AI Summary
Smart Share Global Ltd (EM) announced the completion of its merger with Mobile Charging Merger Limited, a wholly-owned subsidiary of Mobile Charging Investment Limited. As a result, Energy Monster has become a private entity and will cease to be publicly traded. Shareholders will receive US$1.25 in cash per ADS and US$0.625 in cash per ordinary share. The company has requested Nasdaq to suspend trading of its ADSs and to file a Form 25 with the SEC for delisting and deregistration, with an intent to file a Form 15 to suspend reporting obligations.
Key Highlights
- Smart Share Global Ltd (EM) completed its merger with Mobile Charging Merger Limited, becoming a wholly-owned subsidiary of MidCo.
- Each ADS (representing 2 Class A shares) cancelled for US$1.25 in cash without interest.
- Each Share cancelled for US$0.625 in cash without interest.
- Company requested Nasdaq suspend trading of its ADSs on April 30, 2026.
- Company requested Nasdaq file Form 25 with SEC for delisting and deregistration.
- Company intends to file Form 15 to suspend reporting obligations under Exchange Act of 1934.