Smart Share Global Limited (NASDAQ: EM) completed its merger with Mobile Charging Merger Limited, ending its status as a publicly traded company, according to a company announcement.

The transaction, approved by shareholders on December 31, 2025, provides $1.25 per American Depository Share to holders. Each ADS represents two class A ordinary shares of the company. Individual class A shares not represented by ADSs receive $0.625 per share.

Smart Share Global, which operates under the Energy Monster brand and provides mobile device charging services in China, becomes a wholly-owned subsidiary of Mobile Charging Investment Limited through the merger.

The company requested suspension of ADS trading on the Nasdaq Capital Market effective April 30, 2026. Smart Share Global has asked Nasdaq to file Form 25 with the Securities and Exchange Commission for delisting and deregistration of its securities. Deregistration becomes effective 90 days after filing or a shorter period determined by the SEC.

The company plans to file Form 15 with the SEC approximately ten days after the Form 25 filing to suspend reporting obligations under the Securities Exchange Act of 1934. This will immediately suspend requirements to file reports including Form 20-F and Form 6-K.

As of December 31, 2024, Energy Monster operated 9.6 million power banks across 1,279,900 points of interest in more than 2,200 counties and county-level districts in China. The service allows users to access shared power banks by scanning QR codes on cabinets located in venues such as restaurants, shopping centers, hotels and transportation hubs.

Shareholders entitled to merger consideration will receive transmittal letters with instructions for surrendering shares. Bank of New York Mellon serves as the ADS depositary for payment processing.