DADA Overview

Merger Announcement: Dada Nexus Limited has completed its merger with JD Sunflower Merger Sub Limited, becoming a wholly owned subsidiary of JD.com and ceasing to be publicly traded. Shareholders will receive cash compensation for their shares as part of the merger agreement.

Delisting from Nasdaq: Following the merger, Dada Nexus requested the suspension of trading of its American depository shares on Nasdaq and plans to deregister its securities, effectively ending its reporting obligations under U.S. securities laws.

Merger Approval: Dada Nexus Limited's shareholders approved a merger agreement with JD Sunflower Investment Limited, resulting in Dada becoming a wholly owned subsidiary and ceasing to exist as a publicly traded company.

Voting Outcome: Approximately 73.4% of outstanding shares voted at the extraordinary general meeting, with 92.1% in favor of the merger, which will lead to the termination of Dada's ADS program on NASDAQ.

Extraordinary General Meeting Announcement: Dada Nexus Limited has scheduled an extraordinary general meeting for shareholders on June 10, 2025, to vote on a proposed merger with JD Sunflower Investment Limited, which would result in Dada becoming a privately held company and its shares being delisted from NASDAQ.

Shareholder Voting Information: Shareholders of record by May 22, 2025, are eligible to vote at the meeting, while ADS holders can instruct their depositary to vote on their behalf; additional details regarding the merger and voting materials will be available through the SEC.

Investigation of Companies: Halper Sadeh LLC is investigating Mr. Cooper Group, Mesa Air Group, and Dada Nexus for potential violations of federal securities laws and breaches of fiduciary duties related to their proposed transactions and mergers.

Legal Rights for Shareholders: Shareholders of the involved companies are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options regarding the transactions, with no upfront legal fees required.

Investigation Announcements: Brodsky & Smith is investigating several companies, including Lumina Gold Corp., Mr. Cooper Group Inc., Dada Nexus Limited, and Mesa Air Group, regarding potential breaches of fiduciary duties by their boards during acquisition processes, questioning if shareholders are receiving fair value for their shares.

Acquisition Details: Each company mentioned has agreed to be acquired at specific share prices or exchange ratios, with the investigations focusing on whether these agreements were conducted fairly and without diluting shareholder interests.

Investigation of Companies: Halper Sadeh LLC is investigating iCAD, Longevity Health Holdings, and Dada Nexus for potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to their recent transactions.

Legal Support for Shareholders: The firm offers free consultations to affected shareholders and may seek increased compensation or additional disclosures on their behalf, operating on a contingent fee basis.