RUNION Holding, a private equity firm, agreed to merge with Ruhnn Holding, an e-commerce platform, in a $296m. The Merger is currently expected to close by June 30, 2021 and is subject to customary closing conditions. If completed, the Merger will result in the Company becoming a privately held company, and its ADSs will no longer be listed on the Nasdaq Global Select Market, and the Company's ADS program will be terminated.