Smart Share to be Acquired by Consortium for $327M in Cash

Smart Share has agreed to a $327M merger with a consortium of investors, led by Trustar Mobile Charging. The deal implies an equity value of approximately $327M and represents a premium of 68.1% to the volume-weighted average price during the last 30 trading days prior to the announcement. Pursuant to the agreement, each American depository share will be exchanged for $1.25 in cash, and shares held by current officers, directors, and employees will be cashed out or replaced. The consortium will fund the merger through a combination of cash contributions, proceeds from a term loan facility, and rollover equity contributions.

Smart Share Global Limited (EM), a consumer tech company providing mobile device charging services, has agreed to a $327 million merger with a consortium of investors, led by Trustar Mobile Charging. The deal implies an equity value of approximately $327 million and represents a premium of 68.1% to the volume-weighted average price during the last 30 trading days prior to the announcement [1]. Pursuant to the agreement, each American depository share will be exchanged for $1.25 in cash, and shares held by current officers, directors, and employees will be cashed out or replaced.

The consortium will fund the merger through a combination of cash contributions, proceeds from a term loan facility provided by Bank of China Limited (Shanghai Branch), and rollover equity contributions. The deal requires two-thirds shareholder approval and regulatory clearances, with closing expected in the fourth quarter of 2025 [2].

Upon completion, Smart Share will delist from Nasdaq and operate as a private entity, with the company continuing as the surviving subsidiary under the name Mobile Charging Investment Limited [3]. The merger consideration represents a premium of 74.8% to the closing trading price of the ADSs on January 3, 2025, and 8.7% to the closing price on July 31, 2025 [1].

References:
[1] https://www.insidearbitrage.com/2025/08/smart-share-to-be-taken-private-by-mobile-charging-for-327-million/
[2] https://seekingalpha.com/news/4476854-smart-share-global-enters-into-definitive-merger-agreement-for-going-private-transaction
[3] https://www.stocktitan.net/news/EM/smart-share-global-limited-enters-into-definitive-merger-agreement-4v3fw5uzc26l.html