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DADADada Nexus LtdNASDAQ

Dada Nexus Limited Completes Going Private Transaction

6-KStrategic TransactionvolatileImpact60

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Filing Brief

Dada Nexus Limited has completed its going private transaction, with ADSs to be suspended from Nasdaq trading effective June 17, 2025

Summary

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Dada Nexus Limited has completed its going private transaction through a merger with JD Sunflower Merger Sub Limited, a subsidiary of JD Sunflower Investment Limited. Shareholders will receive US$2.0 in cash per ADS and US$0.5 in cash per Share. The company has requested that trading of its ADSs on the Nasdaq Global Select Market be suspended effective June 17, 2025, and will file a Form 25 for delisting and a Form 15 to suspend reporting obligations

Score60

Score Rationale

volatile

Completion of the going-private merger resolves deal uncertainty, but the immediate suspension and delisting of ADSs from Nasdaq create significant liquidity and trading access risks for remaining shareholders.

Key Evidence

  • Dada Nexus Limited announced the completion of the merger with JD Sunflower Merger Sub Limited.
  • Each ADS will be cancelled for US$2.0 cash, and each Share for US$0.5 cash.
  • Trading of ADSs on Nasdaq will be suspended effective June 17, 2025.
  • The company requested Nasdaq file a Form 25 for delisting and intends to file a Form 15 to suspend reporting obligations.

What To Watch Next

  1. Suspension of trading of ADSs on Nasdaq effective June 17, 2025.
  2. Filing of Form 25 with the SEC for delisting.
  3. Filing of Form 15 with the SEC to suspend reporting obligations.
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DADA Market Context

SectorConsumer Cyclical
IndustryRetail
ThemeE-commerce
Sub-themeOnline Retail
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Original Filing Text

SEC filing text preserved from the raw item store.

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

 

 

Form 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2025

 

Commission File Number 001-39305

 

 

 

Dada Nexus Limited

(Translation of registrant’s name into English)

 

 

 

22/F, Oriental Fisherman’s Wharf

No. 1088 Yangshupu Road

Yangpu District, Shanghai 200082

People’s Republic of China

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.  Form 20-F x   Form 40-F ¨

 

 

 

 

 

 

Exhibit Index

 

Exhibit 99.1—Press Release—Dada Announces Completion of Going Private Transaction

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Dada Nexus Limited
     
  By: /s/ Henry Jun Mao
  Name: Henry Jun Mao
  Title: Chief Financial Officer
   
Date: June 16, 2025