Why Is Smart Share Global Stock Surging Premarket On Monday?

Benzinga

01-06

Smart Share Global Limited (NASDAQ:EM) shares are trading higher premarket on Monday. The company disclosed that its board had received a preliminary non-binding proposal from a buyer group, including Trustar Capital and key executives, to take the company private.

The offer is for $0.625 per ordinary share or $1.25 per ADS in cash, representing a 74.8% premium to the stock’s last closing price.

The proposed deal values the company significantly above its recent trading averages.

Smart Share Global’s Board has established a special committee comprising of three independent directors to evaluate the buyout proposal.

The committee will appoint independent financial and legal advisors to support its review.

The board cautions that no decisions have been made regarding the proposal.

As of June 30, 2024, the company had cash and cash equivalents, restricted cash, and short-term investments of RMB3.2 billion ($440.9 million).

Price Action: EM shares are up 52.4% at $1.09 premarket at the last check Monday.

Read Next:

S&P 500 Snaps Five-Day Losing Streak, Nvidia Surges: Investor Fear Eases, Greed Index Remains In ‘Fear’ Zone

Photo via Shutterstock.

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This article Why Is Smart Share Global Stock Surging Premarket On Monday? originally appeared on Benzinga.com

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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The company disclosed that its board had received a preliminary non-binding proposal from a buyer group, including...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-smart-share-global-stock-113533275.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4539","symbol_name":"次新股","start_time":0,"source_url":"https://finance.yahoo.com/news/why-smart-share-global-stock-113533275.html","article_id":"2501823806","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501823806","pubTimestamp":1736163333,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Smart Share Global Limited  shares are trading higher premarket on Monday. The company disclosed that its board had received a preliminary non-binding proposal from a buyer group, including Trustar Capital and key executives, to take the company private.The offer is for $0.625 per ordinary share or $1.25 per ADS in cash, representing a 74.8% premium to the stock’s last closing price.The proposed deal values the company significantly above its recent trading averages.Smart Share Global’s Board has established a special committee comprising of three independent directors to evaluate the buyout proposal.The committee will appoint independent financial and legal advisors to support its review.The board cautions that no decisions have been made regarding the proposal.Price Action: EM shares are up 52.4% at $1.09 premarket at the last check Monday.S&P 500 Snaps Five-Day Losing Streak, Nvidia Surges: Investor Fear Eases, Greed Index Remains In ‘Fear’ Zone. Up Next: Transform your trading with","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4539":"次新股","BK4076":"电脑与电子产品零售","EM":"怪兽充电","BK4505":"高瓴资本持仓"},"translate_title":"为什么Smart Share Global股价周一盘前飙升？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EM":0.9},"content_text":"Smart Share Global Limited (NASDAQ:EM) shares are trading higher premarket on Monday. The company disclosed that its board had received a preliminary non-binding proposal from a buyer group, including Trustar Capital and key executives, to take the company private.\nThe offer is for $0.625 per ordinary share or $1.25 per ADS in cash, representing a 74.8% premium to the stock’s last closing price.\nThe proposed deal values the company significantly above its recent trading averages.\nSmart Share Global’s Board has established a special committee comprising of three independent directors to evaluate the buyout proposal.\nThe committee will appoint independent financial and legal advisors to support its review.\nThe board cautions that no decisions have been made regarding the proposal.\nAs of June 30, 2024, the company had cash and cash equivalents, restricted cash, and short-term investments of RMB3.2 billion ($440.9 million). \nPrice Action: EM shares are up 52.4% at $1.09 premarket at the last check Monday.\nRead Next:\n\nS&P 500 Snaps Five-Day Losing Streak, Nvidia Surges: Investor Fear Eases, Greed Index Remains In ‘Fear’ Zone\n\nPhoto via Shutterstock.\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nThis article Why Is Smart Share Global Stock Surging Premarket On Monday? originally appeared on Benzinga.com\n© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}