Alliance Entertainment (Adara Acquisition) ^{Priced, NYSE American: AENT.XX}

We are a newly organized blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. While our efforts to identify a target business may span many industries and regions worldwide, we intend to focus our search for businesses that complement the experience of our directors and management team acquiring and operating businesses in the consumer products industry and related sectors, including those consumer industry businesses in the health and wellness, e-commerce, discretionary spending, and information technology sectors and related channels of distribution. Our goal is to consummate an initial business combination with a high-performing consumer products company valued between $150 million and $500 million. Our ability to locate a potential target is subject to the uncertainties discussed elsewhere in this prospectus. We have not selected any business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.