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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - Q ( MARK ONE ) □ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31 , 2021 □ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware For the transition period from Commission file number : 001-40014 to ADARA ACQUISITION CORP . ( Exact Name of Registrant as Specified in Its Charter ) ( State or other jurisdiction of incorporation or organization ) 85-2373325 ( I.R.S. Employer Identification No. ) 8845 Red Oak Boulevard Charlotte , NC 28217 ( Address of principal executive offices ) ( 704 ) 606-2922 ( Issuer's telephone number ) Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class Units , each consisting of one share of Class A Common Stock and one - half of one Redeemable Warrant Class A Common Stock , par value $ 0.0001 per share Warrants , each exercisable for one share Class A Common Stock for $ 11.50 per share ADRA.U Trading Symbol ( s ) Name of each exchange on which registered NYSE American LLC NYSE American LLC NYSE American LLC ADRA ADRA WS Check whether the issuer ( 1 ) filed all reports required to be filed by Section 13 or 15 ( d ) of the Exchange Act during the past 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 definitions of “ large accelerated filer ” , “ accelerated filer ” , “ smaller reporting company ” , and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Non - accelerated filer ☐ ☑ Accelerated filer Smaller reporting company Emerging growth company ☐ ☑ ☑ If an emerging growth company , indicate by 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 . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes □ No □ As of May 24 , 2021 , there were 11,500,000 shares of Class A common stock , $ 0.0001 par value and 2,875,000 shares of Class B common stock , $ 0.0001 par value , issued and outstanding .