Adara Acquisition reports ~99% shareholder redemptions; business combination with Alliance at risk

ALLIANCE ENTERTAINMENT HOLDING CORP

Stockholders submitted redemptions for ~11.39M of 11.5M Class A shares (99%+).
Unlikely to meet NYSE American initial listing requirements for combined company post-merger.
Alliance likely must waive conditions (listing & minimum cash); no assurance of waiver.
Redemptions threaten consummation of the business combination with Alliance Entertainment.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.