Smart Share Global Limited Granted Exception by Nasdaq Staff Related to Filing of Its Interim Report

Rhea-AI Summary

Smart Share Global (Nasdaq: EM) received an exception from Nasdaq Staff permitting it to file a Form 6-K containing interim financials for the half-year ended June 30, 2025. The exception requires the Company to file the Interim Report on or before June 29, 2026 to regain compliance with Listing Rule 5250(c)(1).

If the Company fails to meet the deadline, Nasdaq Staff will issue written notice about potential delisting; the Company retains the right to appeal to a Hearings Panel. The Company says it is working to file the report by the deadline.

Positive

• Nasdaq granted an exception to regain compliance
• Company has until June 29, 2026 to file Interim Report

Negative

• Prior noncompliance notice dated January 14, 2026
• Potential delisting if filing is not made by deadline
• Filing obligation remains a regulatory risk until June 29, 2026

Key Figures

Interim period end: June 30, 2025 Nasdaq notice date: January 14, 2026 Compliance deadline: June 29, 2026 +5 more

8 metrics

Interim period end June 30, 2025 Fiscal half-year covered by delayed Interim Report

Nasdaq notice date January 14, 2026 Date Nasdaq Staff notified EM of filing noncompliance

Compliance deadline June 29, 2026 Deadline to file Interim Report under Nasdaq exception

Listing Rule Rule 5250(c)(1) Nasdaq listing rule governing timely filing obligations

Current price $1.12 Pre-news level vs 52-week range $1.0068–$1.46

52-week high discount 23.29% Price below 52-week high of $1.46 before news

52-week low premium 11.24% Price above 52-week low of $1.0068 before news

Market cap $281,494,425 Equity value before the Nasdaq exception announcement

Market Reality Check

Price: $1.1300 Vol: Volume 23,296 is below th...

low vol

$1.1300 Last Close

Volume Volume 23,296 is below the 20-day average of 50,829 (relative volume 0.46x) ahead of the compliance update. low

Technical Shares at $1.12 are trading below the 200-day MA of $1.23 and 23.29% below the 52-week high of $1.46.

Peers on Argus

EM was up 0.9% while peers were mixed: WW down 9.91%, MED up 1.77%, RGS up 2.8%,...

1 Up 1 Down

EM was up 0.9% while peers were mixed: WW down 9.91%, MED up 1.77%, RGS up 2.8%, and others flat. This points to a company-specific compliance development rather than a broad Personal Services move.

Historical Context

3 past events · Latest: Jan 20 (Negative)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Jan 20	Nasdaq noncompliance notice	Negative	+0.9%	Nasdaq notified EM of noncompliance for missing interim Form 6-K filing.
Dec 31	Merger approval	Positive	+0.0%	Shareholders approved merger agreement to take company private and delist ADSs.
Nov 28	EGM announcement	Neutral	+2.2%	Company called EGM to vote on previously announced going‑private merger agreement.

Pattern Detected

Recent news has centered on Nasdaq compliance and a going-private merger; market reactions have been modest, with one compliance notice showing a positive divergence from its negative tone.

Recent Company History

Over the last few months, Smart Share Global’s key events have focused on its going‑private process and Nasdaq reporting compliance. On Nov 28, 2025, the company scheduled an EGM to vote on a merger that would take it private, followed by shareholder approval on Dec 31, 2025. On Jan 20, 2026, it disclosed a Nasdaq notice for delayed interim financials. Today’s exception from Nasdaq continues this compliance storyline while the previously approved merger framework remains in place.

Market Pulse Summary

This announcement clarifies that Nasdaq granted Smart Share Global an exception to regain compliance...

Analysis

This announcement clarifies that Nasdaq granted Smart Share Global an exception to regain compliance with Listing Rule 5250(c)(1), giving the company until June 29, 2026 to file its Interim Report for the half-year ended June 30, 2025. The update follows January’s noncompliance notice and sits alongside an already approved going‑private merger. Key risks remain around timely filing and any future Nasdaq actions if deadlines are missed, which investors may monitor through subsequent 6-K filings.

Key Terms

form 6-k, nasdaq listing rule 5250(c)(1), interim balance sheet, income statement, +3 more

7 terms

form 6-k regulatory

"because it had not filed the Interim Report."

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

nasdaq listing rule 5250(c)(1) regulatory

"filing requirements set forth in Listing Rule 5250(c)(1) (the “Rule”)"

Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.

interim balance sheet financial

"a Form 6-K containing an interim balance sheet and income statement"

An interim balance sheet is a snapshot of a company's financial position prepared for a period shorter than a full fiscal year, typically quarterly or monthly; it lists what the company owns, what it owes, and the residual interest of owners at that point in time. Investors use it like a quick photo to track changes in cash, debt and net worth between annual reports, helping assess short-term liquidity, solvency and whether trends seen in annual statements are continuing or reversing.

income statement financial

"an interim balance sheet and income statement for its fiscal half-year"

A document that shows a company’s revenue, costs and profit over a specific period—like a scorecard that tallies money coming in and money going out to reveal whether the business made or lost money. Investors use it to judge profitability, spot trends in sales or expenses, and compare how efficiently different companies convert revenue into profit, making it a key tool for valuing shares and assessing financial health.

delisting regulatory

"regarding the potential delisting of the Company’s securities."

Delisting occurs when a company's stock is removed from a stock exchange and is no longer available for trading there. This can happen voluntarily or because the company no longer meets the exchange's requirements. For investors, delisting means they can no longer buy or sell shares of that company on the exchange, which may make it more difficult to sell their investments or affect the stock's value.

hearings panel regulatory

"the Company retains the right to appeal ... to a Hearings Panel."

A hearings panel is a small group of officials or experts who hold formal sessions to review evidence, question parties, and make decisions about regulatory compliance, discipline, or approvals. Think of it like a review board or courtroom for business and market issues: its findings can lead to fines, changes in a company’s permissions, or even delisting. Investors pay attention because the panel’s rulings can directly affect a company’s operations, reputation and share price.

nasdaq capital market regulatory

"the Company’s securities."

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

AI-generated analysis. Not financial advice.

SHANGHAI, March 30, 2026 (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 been granted an exception by Nasdaq Staff regarding the filing of a Form 6-K containing an interim balance sheet and income statement for its fiscal half-year ended June 30, 2025 (the “Interim Report”).

On January 14, 2026, Nasdaq Staff notified the Company that it did not comply with Nasdaq’s filing requirements set forth in Listing Rule 5250(c)(1) (the “Rule”) because it had not filed the Interim Report. However, based on further review and the materials submitted by the Company, Nasdaq Staff has determined to grant an exception to enable the Company to regain compliance with the Rule.

The terms of the exception require the Company to file the Interim Report on or before June 29, 2026, as required by the Rule. In the event that the Company does not satisfy the terms, Nasdaq Staff will issue written notification regarding the potential delisting of the Company’s securities. At such time, the Company retains the right to appeal Nasdaq Staff’s determination to a Hearings Panel.

The Company is working towards filing the Interim Report and regaining compliance with the Rule on or before June 29, 2026.

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 a leading provider of mobile device charging service in China with an extensive network of partners powered by its own advanced service platform. The Company provides mobile device charging service through its shared 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 December 31, 2024, the Company had 9.6 million power banks in 1,279,900 POIs across more than 2,200 counties and county-level districts in China.

Safe Harbor Statement
This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Smart Share may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Smart Share’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the possibility that competing offers will be made; the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; the laws and regulations relating to Smart Share’s industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Smart Share’s filings with the SEC. All information provided in this announcement and in the attachments is as of the date of this press release, and Smart Share does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact Us
Investor Relations
Hansen Shi
ir@enmonster.com

FAQ

What did Smart Share Global (EM) announce about Nasdaq compliance on March 30, 2026?

The company announced Nasdaq Staff granted an exception to allow filing the overdue Interim Report by June 29, 2026. According to the company, the exception restores a path to compliance with Listing Rule 5250(c)(1) if the report is filed by the deadline.

What is the filing deadline for Smart Share Global (EM) to avoid Nasdaq delisting?

Smart Share Global must file the Form 6-K Interim Report by June 29, 2026 to avoid delisting proceedings. According to the company, meeting this deadline is the condition set by Nasdaq Staff to regain compliance.

What happens if Smart Share Global (EM) misses the June 29, 2026 filing deadline?

If the Company does not file by June 29, 2026, Nasdaq Staff will issue written notification about potential delisting. According to the company, it would retain the right to appeal that determination to a Hearings Panel.

Why did Nasdaq notify Smart Share Global (EM) about noncompliance on January 14, 2026?

Nasdaq notified the Company because it had not filed the Interim Report required under Listing Rule 5250(c)(1). According to the company, Nasdaq Staff initially identified the noncompliance on January 14, 2026 before granting the subsequent exception.

Does Smart Share Global (EM) have a right to appeal Nasdaq’s actions?

Yes, the Company retains the right to appeal any delisting determination to a Nasdaq Hearings Panel. According to the company, that appeal right remains available if Nasdaq Staff proceeds with written notice of potential delisting.