ALLIANCE ENTERTAINMENT HOLDING CORP

Adara Acquisition Corp. (Nasdaq: ADRA) was a blank check company that completed its initial public offering in 2021, targeting opportunities in the consumer sector. The SPAC announced a definitive merger agreement with Alliance Entertainment Holding Corp. in June 2022, combining with one of North America's largest wholesale distributors of physical entertainment media, including DVDs, Blu-rays, vinyl, CDs, and video games. The transaction has since closed, making Alliance Entertainment a publicly traded entity. The deal reflected continued SPAC market interest in consumer distribution businesses during an active period for blank check vehicles. Visit SpacDesk and sign up for full data, filings, and deal analytics on ADRA and hundreds of other SPAC transactions.

SPAC Counterparty (1)