Adara Acquisition Corp - Ordinary Shares - Class A

ASE:ADRA   1:53:47 PM EDT
9.89
0.00 (0.00%)
Exchange Changes, Equity Financing / Related, Initial Public Offerings

Alliance Entertainment To Become NYSE American Publicly Traded Company Via Combination With Adara

Published: 06/23/2022 12:49 GMT
Adara Acquisition Corp - Ordinary Shares - Class A (ADRA) - Alliance Entertainment to Become an Nyse American Publicly Traded Company Via Business Combination With Adara Acquisition Corp.
in $480 Million Transaction.
Adara Acquisition Corp - Combined Company to Have a Proforma Equity Value of Approximately $480 Million.
Adara Acquisition Corp - Combined Company Anticipated to Be Listed on Nyse American Under Symbol "aent".
Adara Acquisition Corp - Current Owners of Alliance Entertainment Will Hold Approximately 78% of Combined Company.
Adara Acquisition Corp - Current Adara Shareholders Will Hold Approximately 22% of Combined Company.
Adara Acquisition - Alliance Entertainment Chairman Bruce Ogilvie & CEO Jeff Walker Will Continue to Lead Combined Co, With Current Management Team.
Adara Acquisition Corp - Alliance Entertainment Will Receive Proceeds of $115 Million of Cash Held in Trust.