Smart Share Global Limited Regains Compliance with Nasdaq’s Minimum Bid Price Requirement
23 Décembre 2022 - 12:30PM
Smart Share Global Limited
(Nasdaq: EM)
(“Energy Monster” or the “Company”), a consumer tech company
providing mobile device charging service, today announced that it
has received a written notification letter (the “Compliance
Notice”) from the Listing Qualifications Department of The Nasdaq
Stock Market LLC (“Nasdaq”) dated December 22, 2022, indicating
that the Company has regained compliance with the minimum bid price
requirement set forth in Nasdaq Listing Rule 5450(a)(1) (the
“Minimum Bid Price Requirement”).
As previously disclosed, on October 7, 2022, the
Company received a letter from Nasdaq indicating that the Company
was not in compliance with the Listing Rules of The Nasdaq Stock
Market, as the closing bid price of the American Depositary Shares
(the “ADSs”) had been below US$1.00 per ADS for the previous 30
consecutive business days. According to the Compliance Notice, the
closing bid price of the Company’s ADSs has been at $1.00 per ADS
or greater for 10 consecutive business days from December 8 to
December 21, 2022, and the Company has regained compliance with the
Minimum Bid Price Requirement and the matter is closed.
About Smart Share Global
Limited
Smart Share Global Limited (Nasdaq: EM), or
Energy Monster, is a consumer tech company with the mission to
energize everyday life. The Company is the largest provider of
mobile device charging service in China with the number one market
share. The Company provides mobile device charging service through
its power banks, which are placed in POIs such as entertainment
venues, restaurants, shopping centers, hotels, transportation hubs
and public spaces. Users may access the service by scanning the QR
codes on Energy Monster’s cabinets to release the power banks. As
of September 30, 2022, the Company had 6.4 million power banks in
956,000 POIs across more than 1,800 counties and county-level
districts in China.
Contact Us
Investor RelationsHansen Shiir@enmonster.com
Smart Share Global (NASDAQ:EM)
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