Smart Share Global Limited Announces Receipt of Minimum Bid Price Notice from Nasdaq

August 9, 2024

https://www.globenewswire.com/news-release/2024/08/09/2927693/0/en/Smart-Share-Global-Limited-Announces-Receipt-of-Minimum-Bid-Price-Notice-from-Nasdaq.html

SHANGHAI, Aug. 09, 2024 (GLOBE NEWSWIRE) — 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 notification letter from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) dated August 7, 2024, indicating that for the last 34 consecutive business days, the closing bid price of the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Nasdaq notification letter has no current effect on the listing or trading of the Company’s ADSs on Nasdaq.

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