Smart Share Global Limited Enters into Definitive Merger Agreement for Going Private Transaction

SEC Filing 6-K (0001104659-25-073150)

Smart Share Global Limited (Nasdaq: EM), a consumer tech company providing mobile device charging services, has entered into a definitive Agreement and Plan of Merger with Mobile Charging Group Holdings Limited, Mobile Charging Investment Limited, and Mobile Charging Merger Limited. The merger will result in Smart Share Global Limited becoming a wholly-owned subsidiary of Mobile Charging Investment Limited. The transaction implies an equity value of approximately US$327 million. Each American Depository Share (ADS) of the company will be cancelled in exchange for US$1.25 in cash per ADS, and each share will be cancelled in exchange for US$0.625 in cash per share. The merger consideration represents a premium of 74.8% to the closing trading price of the ADSs on January 3, 2025, and a premium of 8.7% to the closing price of the ADSs on July 31, 2025. The merger is expected to close during the fourth quarter of 2025, subject to customary closing conditions, including shareholder approval and regulatory approvals. Upon completion, the company will become a privately-held company, and its ADSs will no longer be listed on the Nasdaq Capital Market.