Hudson Bay Capital Amends Alliance Entertainment Stake

TL;DR

**Hudson Bay Capital just updated its stake in Alliance Entertainment, watch for market reaction.**

AI Summary

Hudson Bay Capital Management LP, a hedge fund, has updated its ownership stake in Alliance Entertainment Holding Corporation (formerly Adara Acquisition Corp.) as of December 31, 2023. This filing, an amendment to a previous SC 13G, indicates a change in their holdings of Class A Common Stock, par value $0.0001 per share. This matters to investors because significant changes in institutional ownership can signal confidence or concern about the company's future, potentially influencing stock price.

Why It Matters

Changes in major institutional holdings can impact investor sentiment and stock valuation, as large funds often have deep research capabilities.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently signal high risk.

Analyst Insight

Investors should monitor subsequent 13F filings to track Hudson Bay Capital's evolving position in Alliance Entertainment, as well as other institutional ownership changes, to gauge market sentiment.

Key Numbers

• $0.0001 — Par Value per Share (The par value of Alliance Entertainment Holding Corporation's Class A Common Stock.)

Key Players & Entities

• Hudson Bay Capital Management LP (company) — the entity filing the SC 13G/A, reporting its ownership in Alliance Entertainment Holding Corporation
• Alliance Entertainment Holding Corporation (company) — the subject company whose Class A Common Stock is being reported on
• Adara Acquisition Corp. (company) — the former name of Alliance Entertainment Holding Corporation
• December 31, 2023 (date) — the date of the event which requires the filing of this statement
• $0.0001 (dollar_amount) — the par value per share of Alliance Entertainment Holding Corporation's Class A Common Stock

Forward-Looking Statements

• Hudson Bay Capital Management LP will continue to be a significant institutional holder in Alliance Entertainment Holding Corporation. (Hudson Bay Capital Management LP) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• aent13ga.htm (SC 13G/A) — 52KB
• image_010.gif (GRAPHIC) — 0KB
• 0001393825-24-000005.txt ( ) — 54KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Alliance Entertainment Holding Corporation (formerly known as Adara Acquisition Corp.), a Delaware corporation (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 8201 Peters Road, Suite 1000, Plantation, FL, 33324.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Hudson Bay Capital Management LP (the " Investment Manager ") and Mr. Sander Gerber (" Mr. Gerber "), who are collectively referred to herein as " Reporting Persons ."

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is 28 Havemeyer Place, 2nd Floor, Greenwich, Connecticut 06830.

(c)

Item 2(c). CITIZENSHIP: The Investment Manager is a Delaware limited partnership. Mr. Gerber is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Class A Common Stock, par value $0.0001 per share (the " Class A Common Stock ").

(e)

Item 2(e). CUSIP NUMBER: 01861F102 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ý Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ý Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The Investment Manager serves as the investment manager to HB Strategies LLC, in whose name the securities reported herein were held. As such, the Investment Manager may have been deemed to be the beneficial owner of all shares of Class A Common Stock held by HB Strategies LLC. Mr. Gerber serves as the managing member of Hudson Bay Capital GP LLC, which is the general partner of the Investment Manager. Mr. Gerber d

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 2, 2024 HUDSON BAY CAPITAL MANAGEMENT LP By: /s/ Sander Gerber Name:Sander Gerber Title:Authorized Signatory /s/ Sander Gerber SANDER GERBER

View Full Filing

View this SC 13G/A filing on SEC EDGAR