Alliance Entertainment to Become an NYSE American Public Company via Business Combination with Adara Acquisition Corp in $480 Million Transaction

Alliance Entertainment Acquires Endstate and Launches Endstate Authentic LLC

December 31, 2025

Cloud & SaaS

Alliance Entertainment (NASDAQ: AENT) completed the acquisition of Endstate, effective December 31, 2025, acquiring all Endstate assets and forming a wholly owned subsidiary, Endstate Authentic LLC. The purchase brings Endstate's NFC- and blockchain-enabled product authentication technology and founders into Alliance to expand authenticated resale, digital product identity, and brand protection capabilities across Alliance's global distribution network.

Enhanced Ltd to Merge With A Paradise Acquisition Corp to List as Enhanced Group Inc at ~$1.2B Valuation

December 1, 2025

Media & Entertainment

Enhanced Ltd agreed to merge with A Paradise Acquisition Corp to pursue a public listing, expected to value the combined entity at about $1.2 billion. The transaction is expected to provide up to $200 million in gross cash proceeds (subject to no redemptions) and follow with Enhanced Group Inc. listing on Nasdaq under ticker ENHA pending approvals.

AAR CORP. Acquires American Distributors (ADI)

September 25, 2025

Aerospace & Defense

AAR CORP. acquired American Distributors Holding Co., LLC (ADI) for $146 million in an all-cash transaction funded via AAR's existing revolving credit facility. ADI, a distributor of high-performance electronic components and provider of supply chain and manufacturing services headquartered in Randolph, New Jersey with ~400 employees and six locations across the US, UK, and India, will join AAR's Parts Supply segment to expand new parts distribution, OEM relationships, and drive margin improvement.

Essentium to Go Public via Merger with Atlantic Coastal Acquisition Corporation

December 1, 2021

Manufacturing

Essentium, an advanced industrial additive manufacturing ecosystem provider, entered into a definitive business combination agreement with Atlantic Coastal Acquisition Corporation to become a public company. The combined company is expected to be listed on Nasdaq under the ticker symbol ADTV and is expected to close around the end of Q1 2022.

Parsec Capital Acquisitions Corp. to Combine with Enteractive Media Inc.

October 13, 2022

Media & Entertainment

Parsec Capital Acquisitions Corp., a Nasdaq-listed special purpose acquisition company, executed a merger agreement with Calgary-based Enteractive Media Inc., a provider of gambling-themed broadcast and streaming content (including its PlayerVision subsidiary). The business combination is intended to take Enteractive public on Nasdaq, providing the company with access to capital to support growth and expansion, subject to customary approvals and closing conditions.

MCAP Acquisition Corporation Completes Business Combination With AdTheorent

December 23, 2021

Marketing & Advertising

MCAP Acquisition Corporation (a SPAC sponsored by an affiliate of Monroe Capital LLC) completed its business combination with AdTheorent Holding Company, LLC. The transaction was approved by MCAP stockholders on December 21, 2021 and formally closed on December 22, 2021, with the combined company beginning trading on Nasdaq as AdTheorent Holding Company, Inc. under ticker “ADTH”.