ALLIANCE ENTERTAINMENT HOLDING CORP
For the period ended Jun 30, 2026. Filed Sep 10, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Sep 10, 2026
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended June 30,2026
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE TRANSITION PERIOD FROM TO
Commission File Number 001-40014
(Exact name of Registrant as specified in its Charter)
| Delaware | 85-2373325 |
|---|---|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
8201 Peters Road, Suite 1000 Plantation, FL 33324
Registrant’s telephone number, including area code: (954) 255-4000
Securities registered pursuant to Section 12(b) of the Act:
| Title: | Trading Symbol | Name of Exchange on which registered |
|---|---|---|
| Class A common stock, par value $0.0001 per share | AENT | The Nasdaq Stock Market LLC |
| Redeemable warrants, exercisable for shares of Class A common stock at an exercise price of $11.50 per share | AENTW | The Nasdaq Stock Market LLC |
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES ☐NO ☒
Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. YES ☐NO ☒
Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES ☒ NO ☐
Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). YES ☒ NO ☐
Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definition of “large accelerated filer”, “accelerated filer”, and “smaller reporting company” in Rule 12b-2 of the Exchange Act.:
| Large accelerated filer ☐ | Accelerated filer ☐ |
| Non-accelerated filer ☒ | Smaller reporting company ☒ |
| Emerging growth company ☐ |
If an emerging growth company, indicate by the check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act. YES ☐NO ☐
Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES ☐NO ☒
The aggregate market value of the Registrant’s shares of Class A common stock outstanding, other than shares held by persons who may be deemed affiliates of the Registrant, at December 31, 2025, was $27,062,514.
As of September 10, 2026,50,979,630 shares of Class A common stock, par value $0.0001 per share, and 60,000,000 shares of contingent 1 Class E common stock, par value $0.0001 per share, were issued and outstanding.
Documents Incorporated by Reference: None.
| 1 | The 60 million contingent Class E shares are set aside in an escrow account as additional consideration contingent on triggering events occurring within 10 years after the Merger |
TABLE OF CONTENTS
| Page | |||
|---|---|---|---|
| Part I. | |||
| Item 1. | Business | 1 | |
| Item 1A. | Risk Factors. | 12 | |
| Item 1B. | Unresolved Staff Comments. | 41 | |
| Item 1C. | Cybersecurity | 41 | |
| Item 2. | Properties | 41 | |
| Item 3. | Legal Proceedings | 41 | |
| Item 4. | Mine Safety Disclosure | 42 | |
| Part II. | |||
| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. | 43 | |
| Item 6. | [Reserved] | 43 | |
| Item 7. | Management’s Discussion and Analysis Of Financial Condition and Results Of Operations | 43 | |
| Item 7A. | Quantitative and Qualitative Disclosures about Market Risk | 56 | |
| Item 8. | Financial Statements and Supplementary Data | 56 | |
| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 56 | |
| Item 9A. | Controls and Procedures | 56 | |
| Item 9B | Other Information. | 57 | |
| Part III. | |||
| Item 10 | Directors, Executive Officers and Corporate Governance. | 57 | |
| Item 11 | Executive Compensation. | 63 | |
| Item 12 | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. | 69 | |
| Item 13 | Certain Relationships and Related Transactions. | 70 | |
| Item 14 | Principal Accountant Fees and Services. | 72 | |
| Part IV. | |||
| Item 15 | Exhibits, Financial Statement Schedules. | 72 | |
| SIGNATURES | 76 | ||
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this Annual Report on Form 10-K may constitute “forward-looking statements” under federal securities laws. Our forward-looking statements include, but are not limited to, statements about us and our industry, as well as statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. These forward-looking statements include information concerning possible or projected future results of our operations, including statements about potential acquisition or merger targets, strategies or plans; business strategies; prospects; future cash flows; financing plans; plans and objectives of management; any other statements regarding future cash needs, future operations, business plans and future financial results; and any other statements that are not historical facts. Forward-looking statements often include words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “potential,” “will,” and similar expressions. However, the absence of these words does not mean a statement is not forward-looking.
Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved. These statements are based on our current expectations, forecasts, and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to:
| ● | Risks related to market acceptance and growth opportunities. |
| ● | Potential changes in laws or regulations. |
| ● | Supply chain disruptions and increased costs. |
| ● | Dependence on key suppliers and customers. |
| ● | Risks related to our significant indebtedness and compliance with debt covenants. |
| ● | Litigation and regulatory risks. |
| ● | Economic factors such as inflation and interest rates. |
| ● | Challenges in retaining key personnel. |
| ● | Cybersecurity threats and IT infrastructure issues. |
| ● | Environmental, safety, and product liability concerns. |
| ● | Risks related to potential acquisitions. |
| ● | Changes in U.S. tax laws. |
| ● | Risks related to international trade policies and tariffs. |
These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that could cause our actual results, levels of activity, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. We discuss in greater detail and incorporate by reference into this annual report in their entirety, many of these risks and uncertainties under the heading “Risk Factors” contained in this annual report and in the documents incorporated by reference herein. Moreover, we operate in a rapidly changing and competitive environment. New risk factors emerge from time to time, and it is not possible for management to predict all such risk factors.
Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
Further, it is not possible to assess the effect of all risk factors on our businesses or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, we caution investors not to place undue reliance on these forward-looking statements, which are based on information available as of the date of this filing. We are not obligated to update these statements to reflect new information or future events, except as required by law.
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.