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 Go Public via Business Combination with A Paradise Acquisition Corp (Enhanced Group Inc)

December 1, 2025

Media & Entertainment

Enhanced Ltd will combine with A Paradise Acquisition Corp. to bring Enhanced’s elite sports competition and performance products businesses to U.S. public markets. The combined company will be named Enhanced Group Inc. and is expected to begin trading its Class A common stock on the New York Stock Exchange under ticker “ENHA” after closing and satisfaction/waiver of conditions.

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.

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”.

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.