Smart Share Global Limited (NASDAQ: EM) surged 28.51% in after-hours trading on Friday, August 15, 2025, closing at $1.51 after a proposal from Hillhouse Investment Management to acquire all outstanding shares.
This spike follows a preliminary acquisition offer priced at $1.77 per share, significantly above the day’s closing price. The company has not yet made a decision on the proposal.
The stock had ended the regular session at $1.18, with a trading range between $1.17 and $1.18 and a volume of 18.80 thousand shares.
