Adara Acquisition Corp.
ADRA-WT
New York Stock Exchange Arca0.05
USD
+0.02
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Adara Acquisition Corp.
ADRA-WT
(New York Stock Exchange Arca)
Recent
price
0.05
P/E
ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Adara Acquisition Corp. (ADRA-WT) operates as redeemable warrants associated with Alliance Entertainment Holding Corporation, following the completion of its business combination with Alliance Entertainment in February 2023, which valued the transaction at approximately $480 million and resulted in Adara changing its name to Alliance Entertainment Holding Corporation; ADRA-WT warrants entitle holders to purchase shares of the combined public entity at an exercise price of $11.50 per share, expiring in November 2026. Alliance Entertainment provides distribution and fulfillment services for physical media and entertainment products, including music on vinyl and CD, movies on DVD and Blu-ray, video games, electronics, arcades, and collectibles; its direct-to-consumer (DTC) and e-commerce offerings feature proprietary retail brands such as Critics' Choice, Collectors' Choice, Movies Unlimited, DeepDiscount, popmarket, blowitoutahere, Fulfillment Express, importCDs, GamerCandy, and WowHD, alongside exclusive distribution through divisions like AMPED, Distribution Solutions, and Cokem for over 57,300 unique products; the company serves resellers, retailers, and platforms including Amazon, Walmart, Best Buy, GameStop, and Target, with 38% of its $1.4 billion annual sales derived from DTC fulfillment. Founded in 2020 and originally headquartered in Charlotte, North Carolina, with post-merger operations based in Plantation, Florida, the company targets omni-channel retailers, mass-market chains, specialty stores, and e-commerce customers globally, focusing on consumer products sectors. Recent developments include winning a bid in March 2025 to acquire key assets from Diamond Comic Distributors, including Alliance Game Distributors and Collectible Grading Authority, expected to add over $200 million in revenue and $10 million in EBITDA by FY2026 through synergies in comics, tabletop games, and collectibles; in October 2025, Alliance Home Entertainment secured an exclusive multi-year U.S. home video and digital rights deal with Eli Roth's The Horror Section; these moves support a roll-up strategy with facility automation and software upgrades to drive market share in fan-driven categories.