Smart Share Global LTD

Smart Share Global Limited's Schedule 13D filing indicates an exit by reporting persons HHLR Advisors, Ltd. and Hillhouse Investment Management, Ltd. following the completion of a merger and settlement.

Smart Share Global Limited announced the effectiveness of its merger, leading to its delisting from the Nasdaq Capital Market and the termination of its ADS program.

Major shareholders HHLR Advisors and Hillhouse Investment Management publicly challenge Smart Share Global's proposed going-private transaction, citing undervaluation and a flawed negotiation process.

Mobile Charging Investment Limited has secured a RMB1.575 billion term loan facility from China Merchants Bank Haikou Branch to fund its acquisition of Smart Share Global Limited.

Hillhouse Investment Management submits a competing proposal to acquire Smart Share Global Limited for $1.77 per ADS, challenging a lower management-led take-private offer.

Smart Share Global Limited has entered into a definitive merger agreement to be acquired and taken private by a consortium including its management, for approximately $267 million.

Silver Point Capital, L.P. has filed an exit statement indicating it no longer holds any beneficial ownership of Smart Share Global Limited's Class A ordinary shares.

Several significant holders, including Xiaomi Corporation, have filed an exit report indicating they no longer beneficially own more than five percent of Smart Share Global Ltd's outstanding shares.

Glazer Capital, LLC and Paul J. Glazer have reported a beneficial ownership of 5.22% in Smart Share Global Limited's Class A ordinary shares.

Silver Point Capital, L.P. and its principals have disclosed a 10.1% beneficial ownership stake in Smart Share Global Limited, totaling 43,702,600 Class A ordinary shares.

Silver Point Capital, L.P. and its principals have reported a 7.0% passive beneficial ownership in Smart Share Global Limited's Class A ordinary shares.

Advantech Capital L.P. and its affiliated entities have filed an amended Schedule 13G, indicating they no longer hold any beneficial ownership in Smart Share Global Limited.