Smart Share Global shareholders approve merger agreement

Smart Share Global Limited (NASDAQ: EM) announced that shareholders voted to approve a merger agreement at an extraordinary general meeting held December 31, 2025. The mobile device charging service company will become a wholly-owned subsidiary of Mobile Charging Group Holdings Limited upon completion of the transaction.

Approximately 79% of the company's outstanding ordinary shares voted at the meeting, representing about 90.9% of total outstanding votes. The merger received approval from approximately 92.8% of votes cast.

Under the merger agreement dated August 1, 2025, Mobile Charging Merger Limited will merge with Smart Share Global, with the company continuing as the surviving entity. The transaction involves Mobile Charging Group Holdings Limited, Mobile Charging Investment Limited, and Mobile Charging Merger Limited.

The merger completion remains subject to satisfaction or waiver of conditions outlined in the merger agreement. Once consummated, Smart Share Global will become a private company and its American depositary shares will no longer trade on the Nasdaq Capital Market. The company's ADS program will be terminated.

Smart Share Global operates mobile device charging services in China through shared power banks placed at entertainment venues, restaurants, shopping centers, hotels, transportation hubs and public spaces. As of December 31, 2024, the company had 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 information was disclosed in a company press release statement.

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