Deal snapshot: Alliance Entertainment to Merge with SPAC in USD 480m Transaction.

MANews-(C)2009-2022

US-based special purpose acquisition corporation Adara Acquisition Corp (NYSE American: ADRA) has signed a definitive business combination agreement with music, movies, video games, electronics, arcades, and collectibles distributor and wholesaler Alliance Entertainment Holding Corp, the company said.

Upon closing the combined entity is expected to be listed on the...

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