Summary by Moomoo AI
Dada Nexus has announced a significant expansion of its Amended and Restated 2020 Share Incentive Plan, adding 51,983,006 shares to the available pool. The company plans to utilize shares from its repurchase program to fund this increase, aiming to neutralize potential dilutive effects.In a separate development, Dada Nexus has reached a settlement in the class action lawsuit (Yan Wang v. Dada Nexus Limited et al, No. 2:22-cv-00239). The settlement has received preliminary court approval and awaits final authorization.
