Smart Share Global Limited announced on February 3, 2025, that it has regained compliance with the Nasdaq Stock Market's minimum bid price requirement. The company received a notification letter from Nasdaq dated January 31, 2025, confirming this compliance.
Nasdaq confirmed that the closing bid price of Energy Monster's American Depositary Shares (ADSs) had been at US$1.00 per share or higher for 10 consecutive business days, from January 16, 2025, to January 30, 2025. This resolves the non-compliance issue first reported on August 9, 2024.
The company was previously notified that its ADSs had traded below US$1.00 for 30 consecutive business days, initiating a 180-calendar-day compliance period. Regaining compliance ensures Energy Monster's continued listing on the Nasdaq Capital Market.
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