---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-004298"
form_type: "8-K"
ticker: "AENT"
cik: "0001823584"
company_name: "ALLIANCE ENTERTAINMENT HOLDING CORP"
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:52:41.124075+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-004298
- form_type: 8-K
- ticker: AENT
- cik: 0001823584
- company_name: ALLIANCE ENTERTAINMENT HOLDING CORP
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823584/000110465923004298/0001104659-23-004298-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823584/000110465923004298/tm233674d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-004298
- JSON: https://secwatch.observer/filing/0001104659-23-004298.json
- Plain text: https://secwatch.observer/filing/0001104659-23-004298.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.