Every dollar amount and date on this page is quoted from the official settlement document.
Alliance
Court case: Alliance Entertainment Holding Corp. Stockholders Litigation
Alliance Entertainment Holding Corp. stockholders who held Class A common stock through the company's 2023 merger with Adara Acquisition Corp. are covered by a $511,000 cash settlement of a Delaware Court of Chancery lawsuit, McKnight v. Alliance Entertainment Holding Corp., Case No. 2023-0383-LWW. You may qualify if you held redeemable stock but did not redeem it by December 8, 2022, or held unredeemed stock when the merger closed on February 10, 2023. No claim form is required; Strategic Claims Services, the settlement administrator, pays eligible class members directly, pro rata, once the Court approves the settlement and any appeals conclude.
Official eligibility wordingStockholders of Alliance Entertainment Holding Corp. who held shares during the class period and were affected by the Business Combination transaction; notices are being sent to class members. Checked against the official settlement source by SettleSignal on September 20, 2026.
Key facts
- Who may qualify You may qualify if you were a record or beneficial owner of Alliance Entertainment Holding Corp. (formerly Adara Acquisition Corp.) Class A common stock and either held redeemable stock but chose not to redeem it by December 8, 2022, or held unredeemed stock at the time of the merger on February 10, 2023. Company officers, directors, and their immediate families are excluded, along with anyone who exercised redemption rights. This is a mandatory, non-opt-out class, so members cannot exclude themselves.
- Estimated payout$511,000 in cash total settlement amount, distributed pro rata to Eligible Class Members.
- Objection deadlineJune 2, 2025 (passed)
- Proof requiredNo
- What you needNothing to file. Eligible Class Members do not need to submit a claim form. If your shares were held in street name through a broker, the Settlement Administrator pays your broker, who deposits the money into your brokerage account. Record holders are paid directly by the Settlement Administrator once the Court approves the settlement.
- CourtCourt of Chancery of the State of Delaware
How hard is this claim to file?
Watch out for
- Receipt of the notice does not guarantee you are a Class Member or an Eligible Class Member or that you will receive a payment
- Payments will only be made after Court approval and after any appeals are resolved — timing is uncertain
- If you held stock on someone else's behalf (e.g., as a broker or nominee), you may have additional obligations described in the notice
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
Verify it yourself
How we verified this record
- Payout details Jun 19, 2026
- Eligibility Jun 18, 2026
- Proof requirement Jun 19, 2026
- Administrator Sep 20, 2026
- Court case Jun 19, 2026
- Payment status Jun 18, 2026
- 2 fields queued for re-check
2 official sources linked to this record.
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Eligibility summary Quoted in the official eligibility wording above ↑
Verified Jun 18, 2026
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Proof requirement
No
Verified Jun 19, 2026
CLASS MEMBERS DO NOT NEED TO SUBMIT A CLAIM FORM.
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Payment status
Payment pending
Verified Jun 18, 2026
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Estimated payout
$511,000 in cash total settlement amount, distributed pro rata to Eligible Class Members.
Verified Jun 19, 2026
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Administrator
Strategic Claims Services
Verified Sep 20, 2026
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Court
Court of Chancery of the State of Delaware
Verified Jun 19, 2026
Show all 5 more verified fields
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Objection deadline
June 2, 2025
Verified Jun 19, 2026
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN JUNE 2, 2025.
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Automatic refund
Yes — automatic, no claim needed
Verified Jun 19, 2026
Eligible Class Members (defined in Paragraph 23 below) do not need to submit a claim form in order to receive a distribution from the Settlement, if approved by the Court. Your distribution from the Settlement will be paid to you directly.
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Court case number
2023-0383-LWW
Verified Jun 19, 2026
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No-claim explanation
Eligible Class Members do not need to submit a claim form; distribution from the Settlement will be paid to them directly.
Verified Jun 19, 2026
Eligible Class Members (defined in Paragraph 23 below) do not need to submit a claim form in order to receive a distribution from the Settlement, if approved by the Court. Your distribution from the Settlement will be paid to you directly.
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Case name
Alliance Entertainment Holding Corp. Stockholders Litigation
Verified Jun 18, 2026
Where to act
No claim form is needed — Strategic Claims Services issues this refund automatically; confirm your eligibility and contact details on the official source.
No claim needed — payment is automatic
If you qualify, the settlement pays you automatically. There's nothing to file — just keep an eye on your mail or account around the payment date.
