Smart Share Receives Nasdaq Compliance Notice
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
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Smart Share received a letter from Nasdaq dated January 14 notifying the company that it is not in compliance with the requirements for continued listing set forth in Nasdaq Listing Rules because it did not timely file a Form 6-K containing an interim balance sheet and income statement for its fiscal half-year ended June 30, 2025. The company has 60 calendar days from the date of the Letter to submit a plan to regain compliance with the Listing Rules. If Nasdaq accepts the plan, it may grant the company an exception of up to 180 calendar days from the Required Filing's due date, or June 29, 2026, to regain compliance. The Letter has no immediate impact on the listing of the company's Class A ordinary shares on the Nasdaq Capital Market, which will continue trading under the symbol "EM." However, if the company fails to regain compliance with the Rule, the company's Class A ordinary shares will be subject to delisting from Nasdaq.
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Analyst Views on EM
About EM
Smart Share Global Ltd is a holding company mainly engaged in providing mobile device charging services. The Company operates two segments. The Mobile Device Charging segment provides service through power banks, placed in Point of Interest (POIs) operated by location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs and public spaces. The Mobile Device Charging segment is also involved in advertising services and sales of merchandise. The PV Business segment provides engineering, procurement and construction (EPC), as well as installation services for household rooftop photovoltaic power stations. The PV Business segment is also involved in sales of raw materials.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Smart Share Global Secures 92.8% Shareholder Approval for Merger Agreement
- Shareholder Voting Outcome: At today's extraordinary general meeting, approximately 79.0% of the company's ordinary shareholders participated in the vote, with 92.8% supporting the merger agreement, reflecting strong shareholder confidence in the company's future direction.
- Merger Agreement Details: Under the merger agreement signed on August 1, 2025, the company will become a wholly-owned subsidiary of MidCo post-merger, marking a strategic shift towards becoming a private entity, which is expected to enhance operational flexibility.
- Market Impact: Upon completion of the merger, the company's American Depositary Shares will no longer be traded on Nasdaq, which may affect investor liquidity but could also allow for more focused management and resource allocation.
- Future Outlook: This merger will enable Smart Share to better integrate resources and enhance its competitiveness in China's mobile charging service market, with expectations of driving future growth potential.
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Smart Share Global Secures 92.8% Shareholder Approval for Merger Agreement
- Strong Shareholder Support: At the extraordinary general meeting on December 31, 2025, approximately 79% of the company's ordinary shareholders voted in favor of the merger agreement, reflecting strong confidence in the company's future direction.
- Merger Agreement Details: The merger agreement, signed on August 1, 2025, will result in the company becoming a wholly-owned subsidiary of MidCo, marking a significant structural change that could enhance operational efficiency.
- Significant Voting Outcome: Approximately 92.8% of votes cast supported the merger, indicating high shareholder approval for the company's strategic direction, which is expected to strengthen its competitive position in the market.
- Future Outlook: Upon completion of the merger, the company's ADS will no longer be traded on Nasdaq, transitioning to a private entity, which may provide the company with a more flexible operational environment to adapt to market changes.
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