This company is no longer activeThe company may no longer be operating, as it may be out of business. Find out why through their latest events.See Latest EventsAdara Acquisition (ADRA) 주식 개요Adara Acquisition Corp. does not have significant operations. 자세히 보기ADRA 펀더멘털 분석스노우플레이크 점수가치 평가0/6미래 성장0/6과거 실적1/6재무 건전성0/6배당0/6위험 분석수익이 USD$1m 미만입니다($0)마이너스 주주 지분부채는 operating cash flow로 충분히 감당되지 않습니다.모든 위험 점검 보기ADRA Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$8.15해당 없음내재 할인율Est. Revenue$PastFuture02m2016201920222025202620282031Revenue US$1.0Earnings US$0AdvancedSet Fair ValueView all narrativesAdara Acquisition Corp. 경쟁사Blue Ocean AcquisitionSymbol: NasdaqGM:BOCNMarket cap: US$69.3mCrown Proptech AcquisitionsSymbol: NYSE:CPTKMarket cap: US$119.6mPegasus Digital Mobility AcquisitionSymbol: NYSE:PGSSMarket cap: US$60.8mAurora Technology AcquisitionSymbol: NasdaqGM:ATAKMarket cap: US$53.5m가격 이력 및 성과Adara Acquisition 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가US$8.1552주 최고가US$12.2452주 최저가US$7.76베타01개월 변동-17.68%3개월 변동-18.66%1년 변동-16.99%3년 변동n/a5년 변동n/aIPO 이후 변동-16.41%최근 뉴스 및 업데이트공시 • Feb 11Alliance Entertainment Holding Corporation completed the acquisition of Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others.Alliance Entertainment Holding Corporation executed a non-binding letter of intent to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others on November 19, 2021. Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. from Adara Sponsor LLC and others for $1.1 billion in a reverse merger transaction on June 22, 2022. Adara will issue 47.5 million shares of Adara Common Stock to Alliance Stockholders as consideration in the Business Combination. An aggregate of up to 60 million additional shares of Adara Common Stock may be issued upon conversion of the Contingent Consideration Shares issued in the Business Combination upon the occurrence of the Triggering Events. Combined company to have a proforma equity value of approximately $480 million and expected to have an estimated $109 million in gross cash proceeds after closing. Upon completion of the transaction, and assuming no redemptions by public shareholders of Adara, the current owners of Alliance Entertainment will hold approximately 78% of the combined company and current Adara shareholders will hold approximately 22% of the combined company. Upon closing the combined entity is expected to be listed on the New York Stock Exchange American under the ticker symbols “AENT” and “AENT.WS”. Changing the post-combination corporate name from Adara Acquisition Corp. to Alliance Entertainment Holding Corporation shall be subject to shareholders approval. Bruce Ogilvie, Chairman of Alliance Entertainment and Chief Executive Officer Jeff Walker will continue to lead the combined company in their respective role, with its current proven management team. The transaction is subject to approval by Adara’s stockholders and other customary closing conditions, including any applicable regulatory approvals. The transaction is also subject to the approval of the requisite stockholders of Alliance Entertainment; the Proxy Statement shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Proxy Statement shall be in effect; all required filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), have been completed and any applicable waiting period (and any extension thereof) applicable to the consummation of the Proposed Transactions under the HSR Act has expired or been terminated; the shares of Adara Class A Common Stock and Class E Common Stock are listed on the NYSE American, or another national securities exchange mutually agreed to by the parties to the Business Combination Agreement, as of the Closing Date; Other than those persons identified as continuing directors in the Business Combination Agreement, all members of the board of directors of Alliance have executed written resignations effective as of the Effective Time; All parties to the Registration Rights Agreement (other than Adara and the Adara Stockholders party thereto) shall have delivered, or caused to be delivered, to Adara copies of the Registration Rights Agreement duly executed by all such parties; All parties to the Lock-Up Agreements proposed to be entered into in connection with Closing have delivered, or caused to be delivered, to Adara copies of the Lock-Up Agreements duly executed by all such parties; All parties to the Employment Agreements (other than Adara) shall have delivered or caused to be delivered to Adara, Copies of the Employment Agreements duly executed by such parties; As of immediately following the Closing, Adara had at least $5,000,001 of net tangible assets. The transaction has been unanimously approved by Alliance Entertainment’s and Adara's boards of directors. The registration statement has been declared effective with respect to the transaction on December 12, 2022. The Extraordinary General Meeting of Adara Shareholders to approve the transaction will be held on January 18, 2023. In connection with the proposed stockholder meeting, stockholders of Adara have submitted redemption requests to redeem approximately 11.39 million shares of Class A common stock of Adara. As a result, it is unlikely that Adara will be able to satisfy the NYSE American Stock Exchange initial listing requirements to list the common stock and warrants of the Surviving Corporation upon closing of the Business Combination. The transaction is expected to close in the fourth quarter of 2022. ThinkEquity LLC acted as the financial advisor, and Brad L. Shiffman and Kathleen A. Cunningham of Blank Rome LLP acted as legal advisors to Adara Acquisition Corp. John Frankenheimer, Mitchell Nussbaum, Jessica Isokawa and David Flemming of Loeb & Loeb LLP acted as legal advisor to Alliance Entertainment Holding Corporation. ThinkEquity LLC acted as fairness opinion provider with a service fee of $0.3 million to the board of directors of Adara. Morrow & Co., LLC acted as information agent while ThinkEquity LLC and FTI Consulting, Inc. acted as due diligence providers to Adara Acquisition Corp. Adara has agreed to pay Morrow Sodali LLC a fee of $27,500. ThinkEquity will receive a financial advisory fee of $4.1 million. Continental Stock Transfer & Trust Company acted as the transfer agent to Adara. Alliance Entertainment Holding Corporation completed the acquisition of Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others on February 10, 2023. Beginning on February 13, 2023, Alliance Entertainment’s shares and warrants will be quoted on the OTC under the ticker symbols “ADRA” and “ADRA WS”, respectivelyValuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$8.25, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total loss to shareholders of 16% over the past year.Board Change • Dec 31High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Chairman of the Board Tom Finke is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Jun 24Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others for approximately $480 million in a reverse merger transaction.Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others for approximately $480 million in a reverse merger transaction on June 22, 2022. Subject to certain exceptions, Adara will issue to the holders of Alliance Common Stock immediately prior to the Closing 60,000,000 shares of Adara Class E Common Stock in the aggregate held in escrow until certain price targets are achieved by Adara between the fifth anniversary and the tenth anniversary of the Closing. Combined company to have a proforma equity value of approximately $480 million and expected to have an estimated $109 million in gross cash proceeds after closing. Upon completion of the transaction, and assuming no redemptions by public shareholders of Adara, the current owners of Alliance Entertainment will hold approximately 78% of the combined company and current Adara shareholders will hold approximately 22% of the combined company. Upon closing the combined entity is expected to be listed on the New York Stock Exchange American under the ticker symbols “AENT” and “AENT.WS”. Bruce Ogilvie, Chairman of Alliance Entertainment and Chief Executive Officer Jeff Walker will continue to lead the combined company in their respective role, with its current proven management team. Transaction is subject to approval by Adara’s stockholders and other customary closing conditions, including any applicable regulatory approvals. Transaction also subject to the approval of the requisite stockholders of Alliance Entertainment; the Proxy Statement shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Proxy Statement shall be in effect; all required filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “ HSR Act ”), have been completed and any applicable waiting period (and any extension thereof) applicable to the consummation of the Proposed Transactions under the HSR Act has expired or been terminated; the shares of Adara Class A Common Stock and Class E Common Stock are listed on the NYSE American, or another national securities exchange mutually agreed to by the parties to the Business Combination Agreement, as of the Closing Date; Other than those persons identified as continuing directors in the Business Combination Agreement, all members of the board of directors of Alliance have executed written resignations effective as of the Effective Time; All parties to the Registration Rights Agreement (other than Adara and the Adara Stockholders party thereto) shall have delivered, or caused to be delivered, to Adara copies of the Registration Rights Agreement duly executed by all such parties; All parties to the Lock-Up Agreements proposed to be entered into in connection with Closing have delivered, or caused to be delivered, to Adara copies of the Lock-Up Agreements duly executed by all such parties; All parties to the Employment Agreements (other than Adara) shall have delivered or caused to be delivered to Adara, Copies of the Employment Agreements duly executed by such parties; As of immediately following the Closing, Adara had at least $5,000,001 of net tangible assets. The transaction has been unanimously approved by Alliance Entertainment’s and Adara's boards of directors. Transaction is expected to close in Q4 2022. ThinkEquity LLC acted as financial advisor and Brad L. Shiffman and Kathleen A. Cunningham of Blank Rome LLP acted as legal advisors to Adara Acquisition Corp. Mitchell S. Nussbaum of Loeb & Loeb LLP acted as legal advisor to Alliance Entertainment Holding Corporation. ThinkEquity LLC acted as fairness opinion provider to the board of directors of Adara.공시 • Jun 03+ 1 more updateAdara Acquisition Corp. Announces Resignation of Martin A. Sumichrast as DirectorAdara Acquisition Corp. announced that On June 1, 2022, Martin A. Sumichrast resigned as a director of the Company. On June 1, 2022, the Board of Directors of the Company appointed Thomas Finke as Chief Executive Officer and Mr. Finke was replaced as a Compensation Committee member by Dylan Glenn, an independent member of the Company’s Board of Directors.공시 • May 18Adara Acquisition Corp. announced delayed 10-Q filingOn 05/17/2021, Adara Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.더 많은 업데이트 보기Recent updates공시 • Feb 11Alliance Entertainment Holding Corporation completed the acquisition of Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others.Alliance Entertainment Holding Corporation executed a non-binding letter of intent to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others on November 19, 2021. Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. from Adara Sponsor LLC and others for $1.1 billion in a reverse merger transaction on June 22, 2022. Adara will issue 47.5 million shares of Adara Common Stock to Alliance Stockholders as consideration in the Business Combination. An aggregate of up to 60 million additional shares of Adara Common Stock may be issued upon conversion of the Contingent Consideration Shares issued in the Business Combination upon the occurrence of the Triggering Events. Combined company to have a proforma equity value of approximately $480 million and expected to have an estimated $109 million in gross cash proceeds after closing. Upon completion of the transaction, and assuming no redemptions by public shareholders of Adara, the current owners of Alliance Entertainment will hold approximately 78% of the combined company and current Adara shareholders will hold approximately 22% of the combined company. Upon closing the combined entity is expected to be listed on the New York Stock Exchange American under the ticker symbols “AENT” and “AENT.WS”. Changing the post-combination corporate name from Adara Acquisition Corp. to Alliance Entertainment Holding Corporation shall be subject to shareholders approval. Bruce Ogilvie, Chairman of Alliance Entertainment and Chief Executive Officer Jeff Walker will continue to lead the combined company in their respective role, with its current proven management team. The transaction is subject to approval by Adara’s stockholders and other customary closing conditions, including any applicable regulatory approvals. The transaction is also subject to the approval of the requisite stockholders of Alliance Entertainment; the Proxy Statement shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Proxy Statement shall be in effect; all required filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), have been completed and any applicable waiting period (and any extension thereof) applicable to the consummation of the Proposed Transactions under the HSR Act has expired or been terminated; the shares of Adara Class A Common Stock and Class E Common Stock are listed on the NYSE American, or another national securities exchange mutually agreed to by the parties to the Business Combination Agreement, as of the Closing Date; Other than those persons identified as continuing directors in the Business Combination Agreement, all members of the board of directors of Alliance have executed written resignations effective as of the Effective Time; All parties to the Registration Rights Agreement (other than Adara and the Adara Stockholders party thereto) shall have delivered, or caused to be delivered, to Adara copies of the Registration Rights Agreement duly executed by all such parties; All parties to the Lock-Up Agreements proposed to be entered into in connection with Closing have delivered, or caused to be delivered, to Adara copies of the Lock-Up Agreements duly executed by all such parties; All parties to the Employment Agreements (other than Adara) shall have delivered or caused to be delivered to Adara, Copies of the Employment Agreements duly executed by such parties; As of immediately following the Closing, Adara had at least $5,000,001 of net tangible assets. The transaction has been unanimously approved by Alliance Entertainment’s and Adara's boards of directors. The registration statement has been declared effective with respect to the transaction on December 12, 2022. The Extraordinary General Meeting of Adara Shareholders to approve the transaction will be held on January 18, 2023. In connection with the proposed stockholder meeting, stockholders of Adara have submitted redemption requests to redeem approximately 11.39 million shares of Class A common stock of Adara. As a result, it is unlikely that Adara will be able to satisfy the NYSE American Stock Exchange initial listing requirements to list the common stock and warrants of the Surviving Corporation upon closing of the Business Combination. The transaction is expected to close in the fourth quarter of 2022. ThinkEquity LLC acted as the financial advisor, and Brad L. Shiffman and Kathleen A. Cunningham of Blank Rome LLP acted as legal advisors to Adara Acquisition Corp. John Frankenheimer, Mitchell Nussbaum, Jessica Isokawa and David Flemming of Loeb & Loeb LLP acted as legal advisor to Alliance Entertainment Holding Corporation. ThinkEquity LLC acted as fairness opinion provider with a service fee of $0.3 million to the board of directors of Adara. Morrow & Co., LLC acted as information agent while ThinkEquity LLC and FTI Consulting, Inc. acted as due diligence providers to Adara Acquisition Corp. Adara has agreed to pay Morrow Sodali LLC a fee of $27,500. ThinkEquity will receive a financial advisory fee of $4.1 million. Continental Stock Transfer & Trust Company acted as the transfer agent to Adara. Alliance Entertainment Holding Corporation completed the acquisition of Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others on February 10, 2023. Beginning on February 13, 2023, Alliance Entertainment’s shares and warrants will be quoted on the OTC under the ticker symbols “ADRA” and “ADRA WS”, respectivelyValuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$8.25, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total loss to shareholders of 16% over the past year.Board Change • Dec 31High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Chairman of the Board Tom Finke is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Jun 24Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others for approximately $480 million in a reverse merger transaction.Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others for approximately $480 million in a reverse merger transaction on June 22, 2022. Subject to certain exceptions, Adara will issue to the holders of Alliance Common Stock immediately prior to the Closing 60,000,000 shares of Adara Class E Common Stock in the aggregate held in escrow until certain price targets are achieved by Adara between the fifth anniversary and the tenth anniversary of the Closing. Combined company to have a proforma equity value of approximately $480 million and expected to have an estimated $109 million in gross cash proceeds after closing. Upon completion of the transaction, and assuming no redemptions by public shareholders of Adara, the current owners of Alliance Entertainment will hold approximately 78% of the combined company and current Adara shareholders will hold approximately 22% of the combined company. Upon closing the combined entity is expected to be listed on the New York Stock Exchange American under the ticker symbols “AENT” and “AENT.WS”. Bruce Ogilvie, Chairman of Alliance Entertainment and Chief Executive Officer Jeff Walker will continue to lead the combined company in their respective role, with its current proven management team. Transaction is subject to approval by Adara’s stockholders and other customary closing conditions, including any applicable regulatory approvals. Transaction also subject to the approval of the requisite stockholders of Alliance Entertainment; the Proxy Statement shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Proxy Statement shall be in effect; all required filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “ HSR Act ”), have been completed and any applicable waiting period (and any extension thereof) applicable to the consummation of the Proposed Transactions under the HSR Act has expired or been terminated; the shares of Adara Class A Common Stock and Class E Common Stock are listed on the NYSE American, or another national securities exchange mutually agreed to by the parties to the Business Combination Agreement, as of the Closing Date; Other than those persons identified as continuing directors in the Business Combination Agreement, all members of the board of directors of Alliance have executed written resignations effective as of the Effective Time; All parties to the Registration Rights Agreement (other than Adara and the Adara Stockholders party thereto) shall have delivered, or caused to be delivered, to Adara copies of the Registration Rights Agreement duly executed by all such parties; All parties to the Lock-Up Agreements proposed to be entered into in connection with Closing have delivered, or caused to be delivered, to Adara copies of the Lock-Up Agreements duly executed by all such parties; All parties to the Employment Agreements (other than Adara) shall have delivered or caused to be delivered to Adara, Copies of the Employment Agreements duly executed by such parties; As of immediately following the Closing, Adara had at least $5,000,001 of net tangible assets. The transaction has been unanimously approved by Alliance Entertainment’s and Adara's boards of directors. Transaction is expected to close in Q4 2022. ThinkEquity LLC acted as financial advisor and Brad L. Shiffman and Kathleen A. Cunningham of Blank Rome LLP acted as legal advisors to Adara Acquisition Corp. Mitchell S. Nussbaum of Loeb & Loeb LLP acted as legal advisor to Alliance Entertainment Holding Corporation. ThinkEquity LLC acted as fairness opinion provider to the board of directors of Adara.공시 • Jun 03+ 1 more updateAdara Acquisition Corp. Announces Resignation of Martin A. Sumichrast as DirectorAdara Acquisition Corp. announced that On June 1, 2022, Martin A. Sumichrast resigned as a director of the Company. On June 1, 2022, the Board of Directors of the Company appointed Thomas Finke as Chief Executive Officer and Mr. Finke was replaced as a Compensation Committee member by Dylan Glenn, an independent member of the Company’s Board of Directors.공시 • May 18Adara Acquisition Corp. announced delayed 10-Q filingOn 05/17/2021, Adara Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.주주 수익률ADRAUS Capital MarketsUS 시장7D-11.2%2.5%1.7%1Y-17.0%11.5%25.1%전체 주주 수익률 보기수익률 대 산업: ADRA은 지난 1년 동안 11.5%의 수익을 기록한 US Capital Markets 산업보다 저조한 성과를 냈습니다.수익률 대 시장: ADRA은 지난 1년 동안 25.1%를 기록한 US 시장보다 저조한 성과를 냈습니다.주가 변동성Is ADRA's price volatile compared to industry and market?ADRA volatilityADRA Average Weekly Movement7.2%Capital Markets Industry Average Movement3.6%Market Average Movement7.2%10% most volatile stocks in US Market16.7%10% least volatile stocks in US Market3.1%안정적인 주가: ADRA의 주가는 지난 3개월 동안 US 시장보다 변동성이 컸습니다.시간에 따른 변동성: ADRA의 주간 변동성(7%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트2020n/aTom Finkewww.adaraspac.com더 보기Adara Acquisition Corp. 기초 지표 요약Adara Acquisition의 순이익과 매출은 시가총액과 어떻게 비교됩니까?ADRA 기초 통계시가총액US$117.16m순이익 (TTM)US$1.85m매출 (TTM)n/a63.5x주가수익비율(P/E)0.0x주가매출비율(P/S)ADRA는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표ADRA 손익계산서 (TTM)매출US$0매출원가US$0총이익US$0기타 비용-US$1.85m순이익US$1.85m최근 보고된 실적Sep 30, 2022다음 실적 발표일해당 없음주당순이익(EPS)0.13총이익률0.00%순이익률0.00%부채/자본 비율-14.8%ADRA의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/02/11 03:31종가2023/02/10 00:00수익2022/09/30연간 수익2021/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Adara Acquisition Corp.는 0명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공시 • Feb 11Alliance Entertainment Holding Corporation completed the acquisition of Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others.Alliance Entertainment Holding Corporation executed a non-binding letter of intent to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others on November 19, 2021. Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. from Adara Sponsor LLC and others for $1.1 billion in a reverse merger transaction on June 22, 2022. Adara will issue 47.5 million shares of Adara Common Stock to Alliance Stockholders as consideration in the Business Combination. An aggregate of up to 60 million additional shares of Adara Common Stock may be issued upon conversion of the Contingent Consideration Shares issued in the Business Combination upon the occurrence of the Triggering Events. Combined company to have a proforma equity value of approximately $480 million and expected to have an estimated $109 million in gross cash proceeds after closing. Upon completion of the transaction, and assuming no redemptions by public shareholders of Adara, the current owners of Alliance Entertainment will hold approximately 78% of the combined company and current Adara shareholders will hold approximately 22% of the combined company. Upon closing the combined entity is expected to be listed on the New York Stock Exchange American under the ticker symbols “AENT” and “AENT.WS”. Changing the post-combination corporate name from Adara Acquisition Corp. to Alliance Entertainment Holding Corporation shall be subject to shareholders approval. Bruce Ogilvie, Chairman of Alliance Entertainment and Chief Executive Officer Jeff Walker will continue to lead the combined company in their respective role, with its current proven management team. The transaction is subject to approval by Adara’s stockholders and other customary closing conditions, including any applicable regulatory approvals. The transaction is also subject to the approval of the requisite stockholders of Alliance Entertainment; the Proxy Statement shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Proxy Statement shall be in effect; all required filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), have been completed and any applicable waiting period (and any extension thereof) applicable to the consummation of the Proposed Transactions under the HSR Act has expired or been terminated; the shares of Adara Class A Common Stock and Class E Common Stock are listed on the NYSE American, or another national securities exchange mutually agreed to by the parties to the Business Combination Agreement, as of the Closing Date; Other than those persons identified as continuing directors in the Business Combination Agreement, all members of the board of directors of Alliance have executed written resignations effective as of the Effective Time; All parties to the Registration Rights Agreement (other than Adara and the Adara Stockholders party thereto) shall have delivered, or caused to be delivered, to Adara copies of the Registration Rights Agreement duly executed by all such parties; All parties to the Lock-Up Agreements proposed to be entered into in connection with Closing have delivered, or caused to be delivered, to Adara copies of the Lock-Up Agreements duly executed by all such parties; All parties to the Employment Agreements (other than Adara) shall have delivered or caused to be delivered to Adara, Copies of the Employment Agreements duly executed by such parties; As of immediately following the Closing, Adara had at least $5,000,001 of net tangible assets. The transaction has been unanimously approved by Alliance Entertainment’s and Adara's boards of directors. The registration statement has been declared effective with respect to the transaction on December 12, 2022. The Extraordinary General Meeting of Adara Shareholders to approve the transaction will be held on January 18, 2023. In connection with the proposed stockholder meeting, stockholders of Adara have submitted redemption requests to redeem approximately 11.39 million shares of Class A common stock of Adara. As a result, it is unlikely that Adara will be able to satisfy the NYSE American Stock Exchange initial listing requirements to list the common stock and warrants of the Surviving Corporation upon closing of the Business Combination. The transaction is expected to close in the fourth quarter of 2022. ThinkEquity LLC acted as the financial advisor, and Brad L. Shiffman and Kathleen A. Cunningham of Blank Rome LLP acted as legal advisors to Adara Acquisition Corp. John Frankenheimer, Mitchell Nussbaum, Jessica Isokawa and David Flemming of Loeb & Loeb LLP acted as legal advisor to Alliance Entertainment Holding Corporation. ThinkEquity LLC acted as fairness opinion provider with a service fee of $0.3 million to the board of directors of Adara. Morrow & Co., LLC acted as information agent while ThinkEquity LLC and FTI Consulting, Inc. acted as due diligence providers to Adara Acquisition Corp. Adara has agreed to pay Morrow Sodali LLC a fee of $27,500. ThinkEquity will receive a financial advisory fee of $4.1 million. Continental Stock Transfer & Trust Company acted as the transfer agent to Adara. Alliance Entertainment Holding Corporation completed the acquisition of Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others on February 10, 2023. Beginning on February 13, 2023, Alliance Entertainment’s shares and warrants will be quoted on the OTC under the ticker symbols “ADRA” and “ADRA WS”, respectively
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$8.25, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total loss to shareholders of 16% over the past year.
Board Change • Dec 31High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Chairman of the Board Tom Finke is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Jun 24Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others for approximately $480 million in a reverse merger transaction.Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others for approximately $480 million in a reverse merger transaction on June 22, 2022. Subject to certain exceptions, Adara will issue to the holders of Alliance Common Stock immediately prior to the Closing 60,000,000 shares of Adara Class E Common Stock in the aggregate held in escrow until certain price targets are achieved by Adara between the fifth anniversary and the tenth anniversary of the Closing. Combined company to have a proforma equity value of approximately $480 million and expected to have an estimated $109 million in gross cash proceeds after closing. Upon completion of the transaction, and assuming no redemptions by public shareholders of Adara, the current owners of Alliance Entertainment will hold approximately 78% of the combined company and current Adara shareholders will hold approximately 22% of the combined company. Upon closing the combined entity is expected to be listed on the New York Stock Exchange American under the ticker symbols “AENT” and “AENT.WS”. Bruce Ogilvie, Chairman of Alliance Entertainment and Chief Executive Officer Jeff Walker will continue to lead the combined company in their respective role, with its current proven management team. Transaction is subject to approval by Adara’s stockholders and other customary closing conditions, including any applicable regulatory approvals. Transaction also subject to the approval of the requisite stockholders of Alliance Entertainment; the Proxy Statement shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Proxy Statement shall be in effect; all required filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “ HSR Act ”), have been completed and any applicable waiting period (and any extension thereof) applicable to the consummation of the Proposed Transactions under the HSR Act has expired or been terminated; the shares of Adara Class A Common Stock and Class E Common Stock are listed on the NYSE American, or another national securities exchange mutually agreed to by the parties to the Business Combination Agreement, as of the Closing Date; Other than those persons identified as continuing directors in the Business Combination Agreement, all members of the board of directors of Alliance have executed written resignations effective as of the Effective Time; All parties to the Registration Rights Agreement (other than Adara and the Adara Stockholders party thereto) shall have delivered, or caused to be delivered, to Adara copies of the Registration Rights Agreement duly executed by all such parties; All parties to the Lock-Up Agreements proposed to be entered into in connection with Closing have delivered, or caused to be delivered, to Adara copies of the Lock-Up Agreements duly executed by all such parties; All parties to the Employment Agreements (other than Adara) shall have delivered or caused to be delivered to Adara, Copies of the Employment Agreements duly executed by such parties; As of immediately following the Closing, Adara had at least $5,000,001 of net tangible assets. The transaction has been unanimously approved by Alliance Entertainment’s and Adara's boards of directors. Transaction is expected to close in Q4 2022. ThinkEquity LLC acted as financial advisor and Brad L. Shiffman and Kathleen A. Cunningham of Blank Rome LLP acted as legal advisors to Adara Acquisition Corp. Mitchell S. Nussbaum of Loeb & Loeb LLP acted as legal advisor to Alliance Entertainment Holding Corporation. ThinkEquity LLC acted as fairness opinion provider to the board of directors of Adara.
공시 • Jun 03+ 1 more updateAdara Acquisition Corp. Announces Resignation of Martin A. Sumichrast as DirectorAdara Acquisition Corp. announced that On June 1, 2022, Martin A. Sumichrast resigned as a director of the Company. On June 1, 2022, the Board of Directors of the Company appointed Thomas Finke as Chief Executive Officer and Mr. Finke was replaced as a Compensation Committee member by Dylan Glenn, an independent member of the Company’s Board of Directors.
공시 • May 18Adara Acquisition Corp. announced delayed 10-Q filingOn 05/17/2021, Adara Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Feb 11Alliance Entertainment Holding Corporation completed the acquisition of Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others.Alliance Entertainment Holding Corporation executed a non-binding letter of intent to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others on November 19, 2021. Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. from Adara Sponsor LLC and others for $1.1 billion in a reverse merger transaction on June 22, 2022. Adara will issue 47.5 million shares of Adara Common Stock to Alliance Stockholders as consideration in the Business Combination. An aggregate of up to 60 million additional shares of Adara Common Stock may be issued upon conversion of the Contingent Consideration Shares issued in the Business Combination upon the occurrence of the Triggering Events. Combined company to have a proforma equity value of approximately $480 million and expected to have an estimated $109 million in gross cash proceeds after closing. Upon completion of the transaction, and assuming no redemptions by public shareholders of Adara, the current owners of Alliance Entertainment will hold approximately 78% of the combined company and current Adara shareholders will hold approximately 22% of the combined company. Upon closing the combined entity is expected to be listed on the New York Stock Exchange American under the ticker symbols “AENT” and “AENT.WS”. Changing the post-combination corporate name from Adara Acquisition Corp. to Alliance Entertainment Holding Corporation shall be subject to shareholders approval. Bruce Ogilvie, Chairman of Alliance Entertainment and Chief Executive Officer Jeff Walker will continue to lead the combined company in their respective role, with its current proven management team. The transaction is subject to approval by Adara’s stockholders and other customary closing conditions, including any applicable regulatory approvals. The transaction is also subject to the approval of the requisite stockholders of Alliance Entertainment; the Proxy Statement shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Proxy Statement shall be in effect; all required filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), have been completed and any applicable waiting period (and any extension thereof) applicable to the consummation of the Proposed Transactions under the HSR Act has expired or been terminated; the shares of Adara Class A Common Stock and Class E Common Stock are listed on the NYSE American, or another national securities exchange mutually agreed to by the parties to the Business Combination Agreement, as of the Closing Date; Other than those persons identified as continuing directors in the Business Combination Agreement, all members of the board of directors of Alliance have executed written resignations effective as of the Effective Time; All parties to the Registration Rights Agreement (other than Adara and the Adara Stockholders party thereto) shall have delivered, or caused to be delivered, to Adara copies of the Registration Rights Agreement duly executed by all such parties; All parties to the Lock-Up Agreements proposed to be entered into in connection with Closing have delivered, or caused to be delivered, to Adara copies of the Lock-Up Agreements duly executed by all such parties; All parties to the Employment Agreements (other than Adara) shall have delivered or caused to be delivered to Adara, Copies of the Employment Agreements duly executed by such parties; As of immediately following the Closing, Adara had at least $5,000,001 of net tangible assets. The transaction has been unanimously approved by Alliance Entertainment’s and Adara's boards of directors. The registration statement has been declared effective with respect to the transaction on December 12, 2022. The Extraordinary General Meeting of Adara Shareholders to approve the transaction will be held on January 18, 2023. In connection with the proposed stockholder meeting, stockholders of Adara have submitted redemption requests to redeem approximately 11.39 million shares of Class A common stock of Adara. As a result, it is unlikely that Adara will be able to satisfy the NYSE American Stock Exchange initial listing requirements to list the common stock and warrants of the Surviving Corporation upon closing of the Business Combination. The transaction is expected to close in the fourth quarter of 2022. ThinkEquity LLC acted as the financial advisor, and Brad L. Shiffman and Kathleen A. Cunningham of Blank Rome LLP acted as legal advisors to Adara Acquisition Corp. John Frankenheimer, Mitchell Nussbaum, Jessica Isokawa and David Flemming of Loeb & Loeb LLP acted as legal advisor to Alliance Entertainment Holding Corporation. ThinkEquity LLC acted as fairness opinion provider with a service fee of $0.3 million to the board of directors of Adara. Morrow & Co., LLC acted as information agent while ThinkEquity LLC and FTI Consulting, Inc. acted as due diligence providers to Adara Acquisition Corp. Adara has agreed to pay Morrow Sodali LLC a fee of $27,500. ThinkEquity will receive a financial advisory fee of $4.1 million. Continental Stock Transfer & Trust Company acted as the transfer agent to Adara. Alliance Entertainment Holding Corporation completed the acquisition of Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others on February 10, 2023. Beginning on February 13, 2023, Alliance Entertainment’s shares and warrants will be quoted on the OTC under the ticker symbols “ADRA” and “ADRA WS”, respectively
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to US$8.25, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 28x in the Capital Markets industry in the US. Total loss to shareholders of 16% over the past year.
Board Change • Dec 31High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Chairman of the Board Tom Finke is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Jun 24Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others for approximately $480 million in a reverse merger transaction.Alliance Entertainment Holding Corporation entered into a business combination agreement to acquire Adara Acquisition Corp. (NYSEAM:ADRA) from Adara Sponsor LLC and others for approximately $480 million in a reverse merger transaction on June 22, 2022. Subject to certain exceptions, Adara will issue to the holders of Alliance Common Stock immediately prior to the Closing 60,000,000 shares of Adara Class E Common Stock in the aggregate held in escrow until certain price targets are achieved by Adara between the fifth anniversary and the tenth anniversary of the Closing. Combined company to have a proforma equity value of approximately $480 million and expected to have an estimated $109 million in gross cash proceeds after closing. Upon completion of the transaction, and assuming no redemptions by public shareholders of Adara, the current owners of Alliance Entertainment will hold approximately 78% of the combined company and current Adara shareholders will hold approximately 22% of the combined company. Upon closing the combined entity is expected to be listed on the New York Stock Exchange American under the ticker symbols “AENT” and “AENT.WS”. Bruce Ogilvie, Chairman of Alliance Entertainment and Chief Executive Officer Jeff Walker will continue to lead the combined company in their respective role, with its current proven management team. Transaction is subject to approval by Adara’s stockholders and other customary closing conditions, including any applicable regulatory approvals. Transaction also subject to the approval of the requisite stockholders of Alliance Entertainment; the Proxy Statement shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Proxy Statement shall be in effect; all required filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “ HSR Act ”), have been completed and any applicable waiting period (and any extension thereof) applicable to the consummation of the Proposed Transactions under the HSR Act has expired or been terminated; the shares of Adara Class A Common Stock and Class E Common Stock are listed on the NYSE American, or another national securities exchange mutually agreed to by the parties to the Business Combination Agreement, as of the Closing Date; Other than those persons identified as continuing directors in the Business Combination Agreement, all members of the board of directors of Alliance have executed written resignations effective as of the Effective Time; All parties to the Registration Rights Agreement (other than Adara and the Adara Stockholders party thereto) shall have delivered, or caused to be delivered, to Adara copies of the Registration Rights Agreement duly executed by all such parties; All parties to the Lock-Up Agreements proposed to be entered into in connection with Closing have delivered, or caused to be delivered, to Adara copies of the Lock-Up Agreements duly executed by all such parties; All parties to the Employment Agreements (other than Adara) shall have delivered or caused to be delivered to Adara, Copies of the Employment Agreements duly executed by such parties; As of immediately following the Closing, Adara had at least $5,000,001 of net tangible assets. The transaction has been unanimously approved by Alliance Entertainment’s and Adara's boards of directors. Transaction is expected to close in Q4 2022. ThinkEquity LLC acted as financial advisor and Brad L. Shiffman and Kathleen A. Cunningham of Blank Rome LLP acted as legal advisors to Adara Acquisition Corp. Mitchell S. Nussbaum of Loeb & Loeb LLP acted as legal advisor to Alliance Entertainment Holding Corporation. ThinkEquity LLC acted as fairness opinion provider to the board of directors of Adara.
공시 • Jun 03+ 1 more updateAdara Acquisition Corp. Announces Resignation of Martin A. Sumichrast as DirectorAdara Acquisition Corp. announced that On June 1, 2022, Martin A. Sumichrast resigned as a director of the Company. On June 1, 2022, the Board of Directors of the Company appointed Thomas Finke as Chief Executive Officer and Mr. Finke was replaced as a Compensation Committee member by Dylan Glenn, an independent member of the Company’s Board of Directors.
공시 • May 18Adara Acquisition Corp. announced delayed 10-Q filingOn 05/17/2021, Adara Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
