Expect a severe drop in share price and trading volume upon delisting. Monitor for any subsequent filing regarding a new exchange listing or deregistration (Form 15).
Price Chart
Executive Summary
Nasdaq filed a Form 25-NSE to delist Smart Share Global Ltd's American Depositary Shares, effective April 29, 2026. This mandatory delisting will likely result in severe liquidity reduction and a significant decline in the stock price as trading moves to the OTC markets.
Key Facts
- Nasdaq filed a 25-NSE to remove Smart Share Global Ltd's securities from listing and registration.
- Delisting effective immediately on April 29, 2026.
- Securities affected are American Depositary Shares (ADS).
- Company market cap is approximately $303M, indicating small-cap status.
Financial Impact
Delisting from Nasdaq typically leads to a sharp price decline and loss of liquidity; likely trading on OTC markets with reduced investor access.
Risk Factors
- Immediate loss of Nasdaq listing status and liquidity.
- Potential further decline in OTC trading due to reduced visibility and institutional interest.
- Regulatory risks associated with Chinese ADRs and potential SEC actions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0001354457-26-000384 |
| Document: 0001354457-26-000384-index-headers.html | 0001354457-26-000384 |
| Document: 0001354457-26-000384-index.html | 0001354457-26-000384 |
| Document: 0001354457-26-000384.txt | 0001354457-26-000384 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 29, 2026 25w ago | Press Release | $1.20 | awaiting T+1 | — | — |
Apr 29, 2026 25w ago | 25-NSE | $1.20 $1.20 | · 0.00% | ▲ +1.02% | — |
US Market Status
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