Smart Share Global (EM) Shareholders Approve Merger Agreement, Paving Way for Take-Private Transaction
Smart Share Global Limited (EM), a consumer tech company specializing in mobile device charging services and commonly known as “Energy Monster,” announced on December 31, 2025, that its shareholders had overwhelmingly approved the previously announced merger agreement. This decisive vote marks a significant procedural milestone in the company’s transition to becoming a private entity under the ownership of Mobile Charging Group Holdings Limited.
Shareholder Vote Finalizes Merger Structure
The approval was granted at an extraordinary general meeting of shareholders (EGM) held on Tuesday, December 31, 2025, in Shanghai. Shareholders voted in favor of authorizing and approving the Agreement and Plan of Merger (the “Merger Agreement”), which was originally dated August 1, 2025.
The transaction involves several entities established by the acquiring group to facilitate the merger:
- Parent: Mobile Charging Group Holdings Limited
- MidCo: Mobile Charging Investment Limited, a wholly-owned subsidiary of Parent
- Merger Sub: Mobile Charging Merger Limited, a wholly-owned subsidiary of MidCo
The approved plan dictates a specific corporate restructuring mechanism. At the effective time of the merger, Merger Sub will merge with and into Smart Share Global Limited. Crucially, Smart Share Global will continue as the surviving company, but its corporate status will change dramatically, as it will become a wholly-owned subsidiary of MidCo.
Implications for Nasdaq-Listed Energy Monster
The approval of the Merger Agreement and the associated Plan of Merger signals the final stages of the company’s transition away from public ownership. While the announcement did not disclose the financial terms of the transaction, such as the price per share offered to existing shareholders, the procedural approval is a necessary step toward delisting the company’s shares from the Nasdaq exchange.
As a consumer tech company focused on providing mobile device charging services, the move to private ownership typically allows management greater flexibility to execute long-term strategies without the pressures of quarterly public reporting and regulatory compliance associated with being a listed entity. The transaction structure ensures that the operational entity, Smart Share Global Limited, remains intact while ownership is consolidated under the control of Mobile Charging Group Holdings Limited.
The company, which trades under the ticker EM, has now secured all necessary internal authorizations to complete the merger, contingent upon satisfying any remaining closing conditions outlined in the August 1, 2025, agreement.
