Adara Acquisition Corp.
ADRA
New York Stock Exchange Arca3.85
USD
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Adara Acquisition Corp.
ADRA
(New York Stock Exchange Arca)
Recent
price
3.85
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Adara Acquisition Corp. successfully finalized its business combination with Alliance Entertainment Holding Corporation in February 2023. This transaction transformed the special purpose acquisition company into a prominent distributor and wholesaler of physical media and various consumer goods. Alliance Entertainment specializes in a vast array of products, encompassing music, films, video games, electronics, and collectibles, serving retailers and e-commerce channels. Following the completion of the merger, Adara Acquisition Corp. was delisted from the NYSE American, with the combined entity's shares and warrants subsequently trading on the OTC under the symbols "ADRA" and "ADRA WS." The company, which was initially incorporated in 2020 and based in Charlotte, North Carolina, now operates through the Florida-based Alliance Entertainment, with plans to seek a Nasdaq listing in the future.
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