---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-005037"
form_type: "8-K"
ticker: "AENT"
cik: "0001823584"
company_name: "ALLIANCE ENTERTAINMENT HOLDING CORP"
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T13:14:40.553866+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Adara Acquisition Corp. shareholders vote to approve Alliance Entertainment business combination

## Summary
- Shareholders approved the Business Combination with Alliance Entertainment; votes: 11,188,846 FOR, 1,139,717 AGAINST.
- All seven charter amendments approved, including name change to Alliance Entertainment Holding Corporation.
- Equity Incentive Plan and Exchange Listing Proposal also received stockholder approval.
- Closing of the business combination remains subject to conditions such as minimum cash and listing.
- Adara had 12,328,563 shares voted at the special meeting, constituting a quorum.

## SEC filing metadata
- accession: 0001104659-23-005037
- form_type: 8-K
- ticker: AENT
- cik: 0001823584
- company_name: ALLIANCE ENTERTAINMENT HOLDING CORP
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823584/000110465923005037/0001104659-23-005037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823584/000110465923005037/tm233844d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-005037
- JSON: https://secwatch.observer/filing/0001104659-23-005037.json
- Plain text: https://secwatch.observer/filing/0001104659-23-005037.txt

## Key facts
- Shareholder Votes
  ALLIANCE ENTERTAINMENT HOLDING CORP shareholders approved Certificate of Incorporation Voting Threshold Charter Amendment at the 2023-01-18 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-01-18
  source text: The Certificate of Incorporation Voting Threshold Charter Amendment Class A common stock and Class B common stock, voting together as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 10,815,846 1,492,628 20,089 N/A Class B common stock, voting separately as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 2,825,500 0 0 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823584/000110465923005037/0001104659-23-005037-index.htm
- Shareholder Votes
  ALLIANCE ENTERTAINMENT HOLDING CORP shareholders approved Director Removal Charter Amendment at the 2023-01-18 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-01-18
  source text: The Director Removal Charter Amendment Class A common stock and Class B common stock, voting together as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 10,855,819 1,452,655 2
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823584/000110465923005037/0001104659-23-005037-index.htm
- Shareholder Votes
  ALLIANCE ENTERTAINMENT HOLDING CORP shareholders approved Bylaws Voting Threshold Charter Amendment at the 2023-01-18 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-01-18
  source text: The Bylaws Voting Threshold Charter Amendment Class A common stock and Class B common stock, voting together as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 10,815,847 1,492,627 20,089 N/A Class B common stock , voting separately as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 2,825,500 0 0 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823584/000110465923005037/0001104659-23-005037-index.htm
- Shareholder Votes
  ALLIANCE ENTERTAINMENT HOLDING CORP shareholders approved Name Change Charter Amendment at the 2023-01-18 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-01-18
  source text: The Name Change Charter Amendment Class A common stock and Class B common stock, voting together as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 11,188,835 1,119,629 20,099 N/A Class B common stock, voting separately as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 2,825,500 0 0 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823584/000110465923005037/0001104659-23-005037-index.htm
- Shareholder Votes
  ALLIANCE ENTERTAINMENT HOLDING CORP shareholders approved Board of Directors Reclassification Charter Amendment at the 2023-01-18 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-01-18
  source text: The Board of Directors Reclassification Charter Amendment Class A common stock and Class B common stock, voting together as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 10,815,947 1,492,527 20,089 N/A Class B common stock , voting separately as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 2,825,500 0 0 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823584/000110465923005037/0001104659-23-005037-index.htm
- Shareholder Votes
  ALLIANCE ENTERTAINMENT HOLDING CORP shareholders approved Authorized Share Charter Amendment at the 2023-01-18 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-01-18
  source text: The Authorized Share Charter Amendment Class A common stock and Class B common stock, voting together as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 11,188,643 1,119,728 20,192 N/A Class B common stock, voting separately as a single class Votes FOR Votes AGAINST Abstain Broker Non-Votes 2,825,500 0 0 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823584/000110465923005037/0001104659-23-005037-index.htm
- Shareholder Votes
  ALLIANCE ENTERTAINMENT HOLDING CORP shareholders approved Business Combination Proposal at the 2023-01-18 meeting.
  - Proposal: merger approval
  - Outcome: passed
  - Meeting: 2023-01-18
  source text: Business Combination Proposal : Adara’s stockholders approved the Business Combination Proposal, based on the following votes: Votes FOR Votes AGAINST Abstain Broker Non-Votes 11,188,846 1,139,717 0 N/A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823584/000110465923005037/0001104659-23-005037-index.htm

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