Energy Monster Faces Nasdaq Compliance Challenge

Smart Share Global ADR (EM) has released an update.

Smart Share Global Limited, known as Energy Monster, has been notified by Nasdaq of its non-compliance with the minimum bid price rule after its ADSs traded below $1 over 34 business days. The company has 180 days until February 3, 2025, to meet compliance standards and may take measures such as a reverse stock split if necessary. This notification does not currently impact the company’s listing on Nasdaq or its business operations.

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