{"id":802383,"date":"2025-01-21T05:03:08","date_gmt":"2025-01-21T10:03:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/smart-share-global-limited-special-committee-retains-financial-advisor-and-legal-counsel\/"},"modified":"2025-01-21T05:03:08","modified_gmt":"2025-01-21T10:03:08","slug":"smart-share-global-limited-special-committee-retains-financial-advisor-and-legal-counsel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/smart-share-global-limited-special-committee-retains-financial-advisor-and-legal-counsel\/","title":{"rendered":"Smart Share Global Limited Special Committee Retains Financial Advisor and Legal Counsel"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SHANGHAI, China, Jan.  21, 2025  (GLOBE NEWSWIRE) &#8212; Smart Share Global Limited (Nasdaq: EM) (\u201cEnergy Monster\u201d or the \u201cCompany\u201d), a consumer tech company providing mobile device charging service, today announced that the special committee (the \u201cSpecial Committee\u201d) of the Company\u2019s board of directors (the \u201cBoard\u201d) has retained Kroll, LLC as its independent financial advisor and Skadden, Arps, Slate, Meagher &amp; Flom LLP as its U.S. legal counsel in connection with its review and evaluation of the previously announced non-binding \u201cgoing private\u201d proposal from Trustar Mobile Charging Holdings Limited, Mr. Mars Guangyuan Cai, Chairman of the Board and Chief Executive Officer of the Company, Mr. Peifeng Xu, Director and President of the Company, Mr. Victor Yaoyu Zhang, Chief Marketing Officer of the Company, and Ms. Maria Yi Xin, Director and Chief Financial Officer of the Company that the Board received on January 5, 2025.<\/p>\n<p align=\"justify\">The Board cautions the Company\u2019s shareholders and others considering trading the Company\u2019s securities that no decisions have been made with respect to this proposal. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the proposal, or that the transaction contemplated by the proposal or any similar transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.<\/p>\n<p align=\"justify\">\n        <strong>ABOUT SMART SHARE GLOBAL LIMITED<\/strong><br \/>\n        <br \/>Smart Share Global Limited (Nasdaq: EM), or Energy Monster, is a consumer tech company with the mission to energize everyday life. The Company is the largest provider of mobile device charging service in China with the number one market share. The Company provides mobile device charging service through its 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\u2019s cabinets to release the power banks. As of June 30, 2024, the Company had 9.5 million power banks in 1,267,000 POIs across more than 2,100 counties and county-level districts in China.<\/p>\n<p align=\"justify\">\n        <strong>CONTACT US<\/strong><br \/>\n        <br \/>Investor Relations<br \/>Hansen Shi<br \/>ir@enmonster.com<\/p>\n<p align=\"justify\">\n        <strong>SAFE HARBOR STATEMENT<\/strong><br \/>\n        <br \/>This press release contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words or phrases such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201ctarget,\u201d \u201caim,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cis\/are likely to,\u201d or other similar expressions. Among other things, the business outlook and quotations from management in this announcement, as well as the Company\u2019s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission (\u201cSEC\u201d), in its annual reports 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 the Company\u2019s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and 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: Energy Monster\u2019s strategies; its future business development, financial condition and results of operations; the impact of technological advancements on the pricing of and demand for its services; competition in the mobile device charging service industry; Chinese governmental policies and regulations affecting the mobile device charging service industry; changes in its revenues, costs or expenditures; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company\u2019s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMzNDkyMyM2NzAyNTg0IzIyMDgxOTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NjVhNjUyODMtMjk1Yi00MjU5LWI4MzYtYWQ5NzYyODVhOGEzLTEyMTk3NDQ=\/tiny\/Smart-Share-Global-Limited.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SHANGHAI, China, Jan. 21, 2025 (GLOBE NEWSWIRE) &#8212; Smart Share Global Limited (Nasdaq: EM) (\u201cEnergy Monster\u201d or the \u201cCompany\u201d), a consumer tech company providing mobile device charging service, today announced that the special committee (the \u201cSpecial Committee\u201d) of the Company\u2019s board of directors (the \u201cBoard\u201d) has retained Kroll, LLC as its independent financial advisor and Skadden, Arps, Slate, Meagher &amp; Flom LLP as its U.S. legal counsel in connection with its review and evaluation of the previously announced non-binding \u201cgoing private\u201d proposal from Trustar Mobile Charging Holdings Limited, Mr. Mars Guangyuan Cai, Chairman of the Board and Chief Executive Officer of the Company, Mr. Peifeng Xu, Director and President of the Company, Mr. Victor Yaoyu Zhang, Chief Marketing Officer of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/smart-share-global-limited-special-committee-retains-financial-advisor-and-legal-counsel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Smart Share Global Limited Special Committee Retains Financial Advisor and Legal Counsel&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-802383","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - 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