Smart Share Global Regains Nasdaq Bid Price Compliance
Ticker: EM · Form: 6-K · Filed: May 23, 2024 · CIK: 1834253
| Field | Detail |
|---|---|
| Company | Smart Share Global LTD (EM) |
| Form Type | 6-K |
| Filed Date | May 23, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Sentiment: bullish
Topics: compliance, listing-requirement, press-release
TL;DR
Smart Share Global is back in Nasdaq's good graces, stock price is above $1 again.
AI Summary
Smart Share Global Limited announced on May 23, 2024, that it has regained compliance with the Nasdaq minimum bid price requirement. This means the company's stock price has met the $1.00 threshold required by the Nasdaq Stock Market.
Why It Matters
Regaining compliance is crucial for Smart Share Global as it allows the company to remain listed on the Nasdaq, avoiding delisting and maintaining investor confidence.
Risk Assessment
Risk Level: low — The filing is a routine update confirming compliance with exchange listing rules, which is generally a positive but not a major strategic development.
Key Numbers
- $1.00 — Minimum Bid Price (Requirement to maintain Nasdaq listing)
Key Players & Entities
- Smart Share Global Limited (company) — Registrant
- Nasdaq (company) — Stock Exchange
- Maria Yi Xin (person) — Chief Financial Officer
- May 23, 2024 (date) — Filing Date
FAQ
What is the primary purpose of this 6-K filing?
The primary purpose is to announce that Smart Share Global Limited has regained compliance with the Nasdaq minimum bid price requirement.
When was this filing submitted?
The filing was submitted on May 23, 2024.
Who signed this report on behalf of Smart Share Global Limited?
Maria Yi Xin, the Chief Financial Officer, signed the report.
What is the company's principal executive office address?
The principal executive offices are located at 6th Floor, 799 Tianshan W Road, Changning District, Shanghai 200335, The People's Republic of China.
What exhibit is included with this filing?
Exhibit 99.1 is included, which is a Press Release announcing the company's regained compliance with the Nasdaq minimum bid price requirement.
Filing Stats: 165 words · 1 min read · ~1 pages · Grade level 12.7 · Accepted 2024-05-23 06:47:33
Filing Documents
- tm2415401d1_6k.htm (6-K) — 9KB
- tm2415401d1_ex99-1.htm (EX-99.1) — 5KB
- 0001104659-24-064500.txt ( ) — 16KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SMART SHARE GLOBAL LIMITED By : /s/ Maria Yi Xin Name : Maria Yi Xin Title : Chief Financial Officer Date: May 23, 2024