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Alliance Entertainment Holding Corporation, a leading distributor of music, movies, and consumer electronics, will participate in the ROTH 11th Annual Technology Event on November 16, 2022, in New York City. CEO Jeff Walker and CFO John Kutch will hold in-person, one-on-one meetings during the event. Alliance is set to become publicly listed following its merger with Adara Acquisition Corp. (NYSE: ADRA, ADRAU) expected to close in Q4 2022, after which it will trade under the ticker symbol AENT.

Mill Creek Entertainment, a division of Alliance Entertainment Holdings, has signed a licensing agreement with The Nacelle Company to distribute a range of content in the physical marketplace. This includes nearly 1,000 hours of stand-up comedy from notable comedians such as Jim Gaffigan and Tiffany Haddish, alongside popular series and documentaries like Icons Unearthed: Star Wars. The partnership is positioned to enhance Mill Creek's library, establishing it as a leader in premium comedy content.

Alliance Entertainment Holding Corporation announced its participation in two major conferences: the MicroCap Rodeo Windy City Roundup Conference in Chicago on October 12-13, 2022, and The ThinkEquity Conference in New York City on October 26, 2022. The company will hold one-on-one meetings and presentations, which can be accessed via www.adaraspac.com. Alliance Entertainment plans to go public through a merger with Adara Acquisition Corp. (NYSE: ADRA, ADRAU), expected to close in Q4 2022.

Alliance Entertainment Holding Corporation has announced a partnership with MUBI, a distributor and streaming service focused on visionary cinema. This collaboration allows Alliance to enhance its distribution portfolio by offering MUBI's curated film selections, starting with the release of Decision to Leave from director Park Chan-wook in US theaters on October 14, 2022. This strategic move aims to increase revenue through diversified content offerings, managed by Alliance's Distribution Solutions division across North America.

Alliance Entertainment will host an Investor Day on September 30, 2022, from 11:00 AM to 1:30 PM ET at the New York Stock Exchange. The event marks the introduction of the senior leadership team and updates on the company’s upcoming business combination with Adara Acquisition Corp. (ADRA), projected to close in Q4 2022. Alliance Entertainment generated $1.4 billion in annualized revenue as of March 31, 2022. Attendees will gain insights into the company's future and have a chance to engage with management.

Alliance Entertainment has successfully sold its exclusive Funko Pop! Animation: Naruto 2 Pack featuring Hashirama and Tobirama, with all 28,000 units selling out in less than an hour on August 25, 2022. Scheduled for shipment in mid-November, this collectible aligns with the company’s strategy to cater to anime fans, following the success of a previous Naruto exclusive that sold over 100,000 units. Additionally, Alliance is set to merge with Adara Acquisition Corp. (NYSE: ADRA), expected to finalize in Q4 2022, transitioning to trading under the ticker AENT.

Alliance Entertainment Holding Corporation announced an expansion of its line of credit to $225 million from $175 million, facilitated by Bank of America and partners. This asset-based loan aims to support operations related to accounts receivable and inventory purchases. Furthermore, on June 23, 2022, Alliance revealed plans to go public through a merger with Adara Acquisition Corp. (NYSE: ADRA, ADRA.U), expected to close in Q4 2022, with the combined entity to be traded as AENT.

Alliance Entertainment has announced the acquisition of Think 3Fold, a distributor specializing in toys and collectibles, closing on July 1, 2022. This acquisition aims to enhance Alliance's product offerings and expand its sales channels, particularly with established vendors like McFarlane and Bandai. The partnership will leverage Think 3Fold's existing relationships and features in major retailers, such as Walmart, to boost revenues. Alliance Entertainment is also set to merge with Adara Acquisition Corp. (NYSE: ADRA), expecting to trade under the ticker 'AENT' after the merger's completion in Q4 2022.

Adara Acquisition Corp. (NYSE: ADRA) has signed a definitive agreement to merge with Alliance Entertainment, a leading distributor of entertainment products. Alliance generated annualized revenue of $1.4 billion and adjusted EBITDA of $76 million as of March 31, 2022. The transaction will enable further investments into automation and growth. It implies a pro forma equity value of approximately $480 million and is expected to close in Q4 2022, pending approvals. The combined entity will be listed under the symbol 'AENT' on NYSE American.