Adara securities have been listed on the NYSE American under the ticker symbols "NYSE: ADRA, ADRA.U, ADRA.WS". Adara is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. Adara is led by its CEO, Thomas Finke (former Chairman and CEO of Barings LLC) and its director, W. Tom Donaldson (founder of Blystone & Donaldson). In addition to Messrs. Finke and Donaldson, Adara’s Board of Directors also include Frank Quintero, Dylan Glenn and Beatriz Acevedo-Greiff. To learn more, please visit: https://www.adaraspac.com
Company profile
Ticker
AENT
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Adara Acquisition Corp.
SEC CIK
Corporate docs
Subsidiaries
AENT Corporation • Project Panther Acquisition Corporation • Alliance Entertainment, LLC • AEC Direct, LLC • DirectToU, LLC • Fulfillment Express Limited • Mecca Electronics Industries, Inc. • Mill Creek Entertainment, LLC • COKeM International Ltd ...
IRS number
852373325
AENT stock data
Latest filings (excl ownership)
424B3
Prospectus supplement
13 Feb 24
10-Q
2024 Q2
Quarterly report
8 Feb 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
11 Jan 24
8-K
Regulation FD Disclosure
8 Jan 24
8-K
Alliance Entertainment Announces Closing of New 3-Year $120 Million Senior Secured Credit Facility
26 Dec 23
424B3
Prospectus supplement
14 Nov 23
424B3
Prospectus supplement
14 Nov 23
8-K
Regulation FD Disclosure
13 Nov 23
10-Q
2023 Q1
Quarterly report
9 Nov 23
EFFECT
Notice of effectiveness
1 Nov 23
Latest ownership filings
SC 13G/A
Radcliffe Capital Management, L.P.
14 Feb 24
SC 13G/A
Hudson Bay Capital Management LP
2 Feb 24
4
Walter Tommy Donaldson III
5 Jul 23
4
Thomas M Finke
5 Jul 23
4
Bruce A Ogilvie Jr
5 Jul 23
4
Jeffrey Clinton Walker
5 Jul 23
4
Terilea J Wielenga
20 Jun 23
4
Chris Nagelson
20 Jun 23
4
John Edwin Kutch
20 Jun 23
SC 13D
Ogilvie Bruce Airlie III
13 Mar 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Jun 23 | Dec 22 | Dec 21 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
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Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.23 mm | 1.23 mm | 1.23 mm | 1.23 mm | 1.23 mm | 1.23 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.58 mm | 3.25 mm | 913.00 k | (no burn) |
Cash used (since last report) | n/a | n/a | 9.38 mm | 19.37 mm | 5.43 mm | n/a |
Cash remaining | n/a | n/a | -8.15 mm | -18.14 mm | -4.21 mm | n/a |
Runway (months of cash) | n/a | n/a | -5.2 | -5.6 | -4.6 | n/a |
Institutional ownership, Q1 2023
47.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 4 |
Opened positions | 2 |
Closed positions | 26 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 199.56 mm |
Total shares | 24.36 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Bruce A Ogilvie Jr | 15.20 mm | $123.85 mm |
Ogilvie Bruce Airlie III | 8.55 mm | $69.72 mm |
CVI Investments | 507.16 k | $0.00 |
Ayrton Capital | 100.00 k | $6.00 mm |
Karpus Management | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Jun 23 | Chris Nagelson | Class A Common Stock | Grant | Acquire A | No | No | 0 | 5,000 | 0.00 | 5,000 |
15 Jun 23 | Terilea J Wielenga | Class A Common Stock | Grant | Acquire A | No | No | 0 | 5,000 | 0.00 | 5,000 |
15 Jun 23 | John Edwin Kutch | Class A Common Stock | Grant | Acquire A | No | No | 0 | 12,500 | 0.00 | 12,500 |
10 Feb 23 | Adara Sponsor | Class A Common Stock | Other | Dispose J | No | No | 0 | 1,200,000 | 0.00 | 0 |
10 Feb 23 | Adara Sponsor | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 1,200,000 | 0.00 | 1,200,000 |
10 Feb 23 | Adara Sponsor | Warrant Class A Common Stock | Other | Dispose J | No | No | 0 | 4,120,000 | 0.00 | 0 |
10 Feb 23 | Adara Sponsor | Warrant Class A Common Stock | Other | Acquire J | No | No | 0 | 4,120,000 | 0.00 | 4,120,000 |
10 Feb 23 | Adara Sponsor | Class B Common Stock Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 1,200,000 | 0.00 | 0 |
10 Feb 23 | Adara Sponsor | Class B Common Stock Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 1,375,000 | 0.00 | 1,200,000 |
10 Feb 23 | Thomas M Finke | Class A Common Stock | Other | Acquire J | No | No | 0 | 113,864 | 0.00 | 163,864 |
News
12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session
12 Mar 24
12 Consumer Discretionary Stocks Moving In Friday's Intraday Session
8 Mar 24
Alliance Entertainment Q2 Sales $425.60M Down From $445.20M YoY
8 Feb 24
12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session
16 Jan 24
Alliance Entertainment's COKeM Gaming Division Exceeds Sales Forecast For Arcade1UP Products In 2023 Calendar Q4; Says Core Titles Are Expected To Show Sales Growth Of More Than 60% In 2024
9 Jan 24
Press releases
Alliance Entertainment Begins Installation of Cost-Saving OPEX Sure Sort X Sortation Technology at Kentucky Warehouse
21 Mar 24
Glancy Prongay & Murray LLP Announces Investigation of Alliance Entertainment Holding Corporation (AENT)
5 Mar 24
Alliance Entertainment to Attend the 36th Annual ROTH Conference on March 17-19, 2024
5 Mar 24
Alliance Entertainment's AMPED Distribution Scores Big with Physical Distribution of USHER's "Coming Home" Record
6 Feb 24
Alliance Entertainment to Host Fiscal Second Quarter 2024 Results Conference Call on Thursday, February 8, 2024 at 4:30 p.m. Eastern Time
23 Jan 24