Smart share global limited receives approval to transfer to nasdaq capital market and extension of minimum bid price compliance period

Shanghai, china, dec. 21, 2023 (globe newswire) -- smart share global limited (“energy monster” or the “company”), a consumer tech company providing mobile device charging service, today announced that on december 20, 2023, the listing qualifications department of the nasdaq stock market llc (“nasdaq”) approved the company's request to transfer the listing of the company's american depositary shares, each representing two class a ordinary shares of the company (the “adss”), from the nasdaq global select market to the nasdaq capital market. the transfer is expected to take effect at the opening of business on december 22, 2023. the transfer of the company's listing to the nasdaq capital market is not expected to have any impact on trading in the company's adss. the company's adss will continue to trade uninterruptedly under the symbol “em.” the nasdaq capital market operates in substantially the same manner as the nasdaq global select market, and companies on the nasdaq capital market must meet certain financial and corporate governance requirements to qualify for continued listing.
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