Alliance entertainment announces closing of public offering

Plantation, fla., july 05, 2023 (globe newswire) -- alliance entertainment holding corporation (nasdaq: aent) (“alliance entertainment”, “company”), a distributor and wholesaler of the world's largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, today announced the closing of a public offering of 1,335,000 shares of alliance entertainment's class a common stock at a price to the public of $3.00 per share for aggregate gross proceeds of approximately $4.0 million, prior to deducting underwriting discounts and offering expenses. the company has granted the underwriter a 45-day option to purchase up to 200,250 additional shares of class a common stock to cover over-allotments at the public offering price, less the underwriting discount.
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