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Delaware
|
| |
6770
|
| |
85-2373325
|
|
|
(州或其他管辖范围
成立公司或组织) |
| |
(主要标准工业
分类代码号) |
| |
(I.R.S. Employer
识别码) |
|
|
Brad L. Shiffman, Esq.
Kathleen A. Cunningham, Esq. Blank Rome LLP 1271 Avenue of the Americas New York, New York 10020 (212) 885-5000 Brad.shiffman@blankrome.com 凯瑟琳.cunningham@blankrome.com |
| |
Mitchell S. Nussbaum, Esq.
Tahra Wright, Esq. Loeb & Loeb LLP 345 Park Avenue New York, New York 10154 (212) 407-4000 |
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|
Large accelerated file ☐
|
| |
Accelerated filer ☐
|
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Non-accelerated filer
|
| |
较小的报告公司
|
|
| | | | | | | | | |
新兴成长型公司
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|
| | | | Sincerely, | |
| | | |
Thomas Finke
董事长兼首席执行官 |
|
| | |
Page
|
| |||
关于本委托书/招股说明书
|
| | | | 1 | | |
FREQUENTLY USED TERMS
|
| | | | 2 | | |
有关业务组合的问答
|
| | | | 6 | | |
委托书/招股说明书摘要
|
| | | | 22 | | |
选定的历史合并财务信息
ALLIANCE |
| | | | 35 | | |
ADARA历史财务信息精选
|
| | | | 36 | | |
汇总未经审计的备考简明合并财务信息
|
| | | | 37 | | |
比较分享信息
|
| | | | 38 | | |
有关前瞻性陈述的警示说明
|
| | | | 40 | | |
RISK FACTORS
|
| | | | 43 | | |
未经审计的备考简明合并财务信息
|
| | | | 88 | | |
截至2022年9月30日的合并公司未经审计的备考简明合并资产负债表
|
| | | | 91 | | |
合并公司未经审计的备考浓缩合并收益
截至2022年9月30日的三个月报表 |
| | | | 94 | | |
合并公司未经审计的备考浓缩合并收益
截至2021年12月31日的12个月报表 |
| | | | 96 | | |
合并公司未经审计的备考浓缩合并收益
STATEMENT YEAR ENDED DECEMBER 31, 2021 |
| | | | 97 | | |
ADARA股东特别会议
|
| | | | 102 | | |
1号提案 - 企业合并提案
|
| | | | 108 | | |
业务组合
|
| | | | 108 | | |
企业合并协议
|
| | | | 126 | | |
与业务合并相关的某些协议
|
| | | | 138 | | |
赎回和业务合并的某些美国联邦所得税考虑因素
|
| | | | 139 | | |
PROPOSAL NO. 2 – THE CHARTER PROPOSALS
|
| | | | 148 | | |
第三号提案 - 股权激励计划提案
|
| | | | 151 | | |
第4号提案 - 纽约证交所美国提案
|
| | | | 157 | | |
第5号提案 - 休会提案
|
| | | | 159 | | |
联盟信息
|
| | | | 160 | | |
联盟高管薪酬
|
| | | | 172 | | |
联盟管理层对财务状况和运营结果的讨论和分析
|
| | | | 175 | | |
某些联盟关系和关联方交易
|
| | | | 188 | | |
有关ADARA的信息
|
| | | | 190 | | |
ADARA管理层对财务状况和经营结果的讨论和分析
|
| | | | 206 | | |
某些ADARA关系和关联方交易
|
| | | | 212 | | |
企业合并后的管理
|
| | | | 216 | | |
证券说明
|
| | | | 220 | | |
| | |
Page
|
| |||
有资格未来出售的股票
|
| | | | 238 | | |
某些受益所有者和管理层的担保所有权
|
| | | | 240 | | |
证券和股息价格区间
|
| | | | 243 | | |
其他信息
|
| | | | 244 | | |
房屋寄存信息
|
| | | | 245 | | |
转让代理、权证代理和登记员
|
| | | | 246 | | |
您可以在哪里找到更多信息
|
| | | | 247 | | |
TRADEMARK NOTICE
|
| | | | 248 | | |
财务报表索引
|
| | | | F-1 | | |
附件A:企业合并协议
|
| | | | A-1 | | |
附件B:拟议的公司注册证书
|
| | | | B-1 | | |
附件C:联合娱乐控股公司2022年股权激励计划
|
| | | | C-1 | | |
附件D:ThinkEquity LLC的意见
|
| | | | D-1 | | |
Holders
|
| |
No Redemption
Scenario(1) |
| |
% of
Total |
| |
Illustrative
Redemption Scenario(2) |
| |
% of
Total |
| |
Contractual
Maximum Redemption Scenario(3) |
| |
% of
Total |
| ||||||||||||||||||
阿达拉公共股东
|
| | | | 11,500,000 | | | | | | 18.8% | | | | | | 5,750,000 | | | | | | 10.4% | | | | | | 1,473,587 | | | | | | 2.9% | | |
Adara初始股东(4)
|
| | | | 2,000,000 | | | | | | 3.3% | | | | | | 2,000,000 | | | | | | 3.6% | | | | | | 2,000,000 | | | | | | 3.9% | | |
Alliance Stockholders(5)
|
| | | | 47,500,000 | | | | | | 77.9% | | | | | | 47,500,000 | | | | | | 86.0% | | | | | | 47,500,000 | | | | | | 93.2% | | |
未偿还股份总数
Excluding Contingent 对价股份和阿达拉 Warrants |
| | | | 61,000,000 | | | | | | 100.0% | | | | | | 55,250,000 | | | | | | 100.0% | | | | | | 50,973,587 | | | | | | 100.0% | | |
赎回后的总股本价值
|
| | | $ | 619,712,420 | | | | | | | | | | | $ | 561,296,905 | | | | | | | | | | | $ | 517,851,885 | | | | | | | | |
假设每股价值(近似值)
|
| | | $ | 10.16 | | | | | | | | | | | $ | 10.16 | | | | | | | | | | | $ | 10.16 | | | | | | | | |
其他稀释源(8)
|
| |
No Redemption
Scenario(1) |
| |
% of
Total(7) |
| |
Illustrative
Redemption Scenario(7) |
| |
% of
Total(6) |
| |
Contractual
Maximum Redemption Scenario(3) |
| |
% of
Total(7) |
| ||||||||||||||||||
或有对价股份(8)
|
| | | | 60,000,000 | | | | | | 49.6% | | | | | | 60,000,000 | | | | | | 52.1% | | | | | | 60,000,000 | | | | | | 54.0% | | |
Adara Warrants | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Public Warrants(9)
|
| | | | 5,750,000 | | | | | | 8.6% | | | | | | 5,750,000 | | | | | | 9.4% | | | | | | 5,750,000 | | | | | | 10.1% | | |
Private Warrants(10)
|
| | | | 4,120,000 | | | | | | 6.3% | | | | | | 4,120,000 | | | | | | 6.9% | | | | | | 4,120,000 | | | | | | 7.8% | | |
Underwriter Warrants(11)
|
| | | | 50,000 | | | | | | 0.1% | | | | | | 50,000 | | | | | | 0.1% | | | | | | 50,000 | | | | | | 0.1% | | |
其他稀释剂来源总数(12个)
|
| | | | 69,920,000 | | | | | | 53.4% | | | | | | 69,920,000 | | | | | | 55.6% | | | | | | 69,920,000 | | | | | | 57.8% | | |
Holders
|
| |
No Redemption
Scenario(1) |
| |
% of
Total |
| |
Illustrative
Redemption Scenario(2) |
| |
% of
Total |
| |
Contractual
Maximum Redemption Scenario(3) |
| |
% of
Total |
| ||||||||||||||||||
阿达拉公共股东
|
| | | | 11,500,000 | | | | | | 18.8% | | | | | | 5,750,000 | | | | | | 10.4% | | | | | | 1,473,587 | | | | | | 2.9% | | |
Adara Initial Stockholders(4)
|
| | | | 2,000,000 | | | | | | 3.3% | | | | | | 2,000,000 | | | | | | 3.6% | | | | | | 2,000,000 | | | | | | 3.9% | | |
Alliance Stockholders(5)
|
| | | | 47,500,000 | | | | | | 77.9% | | | | | | 47,500,000 | | | | | | 86.0% | | | | | | 47,500,000 | | | | | | 93.2% | | |
Total Shares Outstanding
Excluding Contingent 对价股份和阿达拉 Warrants |
| | | | 61,000,000 | | | | | | 100.0% | | | | | | 55,250,000 | | | | | | 100.0% | | | | | | 50,973,587 | | | | | | 100.0% | | |
Holders
|
| |
No Redemption
Scenario(1) |
| |
% of
Total |
| |
Illustrative
Redemption Scenario(2) |
| |
% of
Total |
| |
Contractual
Maximum Redemption Scenario(3) |
| |
% of
Total |
| |||||||||
赎回后的总股本价值
|
| | | $ | 619,712,420 | | | | | | | | $ | 561,296,905 | | | | | | | | $ | 517,851,885 | | | | | |
假设每股价值(近似值)
|
| | | $ | 10.16 | | | | | | | | $ | 10.16 | | | | | | | | $ | 10.16 | | | | | |
其他稀释源(8)
|
| |
No Redemption
Scenario(1) |
| |
% of
Total(7) |
| |
Illustrative
Redemption Scenario(7) |
| |
% of
Total(6) |
| |
Contractual
Maximum Redemption Scenario(3) |
| |
% of
Total(7) |
| ||||||||||||||||||
或有对价股份(8)
|
| | | | 60,000,000 | | | | | | 49.6% | | | | | | 60,000,000 | | | | | | 52.1% | | | | | | 60,000,000 | | | | | | 54.0% | | |
Adara Warrants | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Public Warrants(9)
|
| | | | 5,750,000 | | | | | | 8.6% | | | | | | 5,750,000 | | | | | | 9.4% | | | | | | 5,750,000 | | | | | | 10.1% | | |
Private Warrants(10)
|
| | | | 4,120,000 | | | | | | 6.3% | | | | | | 4,120,000 | | | | | | 6.9% | | | | | | 4,120,000 | | | | | | 7.8% | | |
Underwriter Warrants(11)
|
| | | | 50,000 | | | | | | 0.1% | | | | | | 50,000 | | | | | | 0.1% | | | | | | 50,000 | | | | | | 0.1% | | |
其他稀释剂来源总数(12个)
|
| | | | 69,920,000 | | | | | | 53.4% | | | | | | 69,920,000 | | | | | | 55.6% | | | | | | 69,920,000 | | | | | | 57.8% | | |
| | |
For the Quarter
Ended September 30, 2022 |
| |
For the Year
Ended June 30, 2022 |
| |
For the Year
Ended June 30, 2021 |
| |||||||||
Total Revenue
|
| | | $ | 238,701 | | | | | $ | 1,417,377 | | | | | $ | 1,323,567 | | |
Total Operating Expenses
|
| | | $ | 33,261 | | | | | $ | 140,285 | | | | | $ | 134,775 | | |
Net (Loss) Income
|
| | | $ | (7,509) | | | | | $ | 28,619 | | | | | $ | 34,178 | | |
普通股每股净(亏损)收益
Stockholders – Basic and Diluted |
| | | $ | (8.34) | | | | | $ | 31.80 | | | | | $ | 37.98 | | |
| | |
As of
September 30, 2022 |
| |
As of
June 30, 2022 |
| |
As of
June 30, 2021 |
| |||||||||
合并资产负债表数据: | | | | | | | | | | | | | | | |||||
Total Assets
|
| | | $ | 516,943 | | | | | $ | 473,039 | | | | | $ | 388,963 | | |
Total Liabilities
|
| | | $ | 415,524 | | | | | $ | 364,111 | | | | | $ | 308,661 | | |
Retained Earnings
|
| | | $ | 64,159 | | | | | $ | 71,668 | | | | | $ | 43,049 | | |
| | |
For the
Nine Months Ended September 30, 2022 |
| |
For the
Year Ended December 31, 2021 |
| |
For the
period from August 5, 2020 (inception) through December 31, 2020 |
| |||||||||
Operating formation costs
|
| | | $ | 1,887,001 | | | | | $ | 976,831 | | | | | $ | 5,476 | | |
信托账户中持有的有价证券赚取的利息
|
| | | | 670,720 | | | | | | 10,281 | | | | | | — | | |
与IPO相关的交易成本
|
| | | | — | | | | | | (86,544) | | | | | | — | | |
更改权证持有人的公允价值
|
| | | | 2,976,000 | | | | | | 4,297,300 | | | | | | — | | |
Net income (loss)
|
| | | | 1,690,242 | | | | | | 3,244,206 | | | | | | (5,476) | | |
A类普通股每股基本和稀释后净收益(收益损失)
|
| | | | 0.12 | | | | | | 0.25 | | | | | | — | | |
B类普通股每股基本和稀释后净收益(收益损失)
|
| | | $ | 0.12 | | | | | $ | 0.25 | | | | | $ | (0.00) | | |
| | |
As of
September 30, 2022 |
| |
As of
December 31, 2021 |
| |
As of
December 31, 2020 |
| |||||||||
Balance Sheet Data: | | | | | | | | | | | | | | | | | | | |
Total assets
|
| | | $ | 116,913,836 | | | | | $ | 117,083,857 | | | | | $ | 624,406 | | |
Total liabilities
|
| | | | 3,440,782 | | | | | | 5,301,045 | | | | | | 604,882 | | |
普通股可赎回股份合计
|
| | | | 116,411,474 | | | | | | 116,150,000 | | | | | | — | | |
股东(亏损)总股本
|
| | | $ | (2,938,420) | | | | | $ | (4,367,188) | | | | | $ | 19,524 | | |
Year Ended December 31, 2021
|
| |
Pro Forma
Combined (Assuming No Redemptions) |
| |
Pro Forma
Combined (Assuming Maximum Redemptions) |
| ||||||
Revenue
|
| | | $ | 1,441,762 | | | | | $ | 1,441,762 | | |
Net loss per share – basic and diluted
|
| | | $ | 0.68 | | | | | $ | 0.88 | | |
加权平均已发行普通股- - Basic和
diluted |
| | |
|
61,000,000
|
| | | |
|
50,473,587
|
| |
截至2022年9月30日未经审计的备考简明合并资产负债表数据摘要 | | ||||||||||||
Total assets
|
| | | $ | 624,992 | | | | | $ | 527,197 | | |
Total liabilities
|
| | | $ | 417,072 | | | | | $ | 417,072 | | |
Total stockholders’ equity
|
| | | $ | 207,920 | | | | | $ | 110,125 | | |
| | |
Historical
|
| |
No Redemptions
Scenario |
| |
Maximum
Redemptions Scenario |
| |||||||||||||||
截至2022年9月30日及截至2022年9月30日的9个月
|
| |
Adara
|
| |
Alliance
|
| |
Pro Forma
Combined |
| |
Pro Forma
Combined |
| ||||||||||||
预计每股收益 | | | | | | | | | | | | | | | | | | | | | | | | | |
A类优秀 - 基本股和稀释股加权平均股份
|
| | | | 11,500,000 | | | | | | — | | | | | | 61,000,000 | | | | | | 50,473,587 | | |
每股收益A类 - 基本版和稀释版
|
| | | $ | 0.12 | | | | | | — | | | | | $ | (0.15) | | | | | $ | (0.18) | | |
B类优秀 - 基本股和稀释股的加权平均股份
|
| | | | 2,875,000 | | | | | | — | | | | | | — | | | | | | — | | |
每股收益B类 - 基本版和稀释版
|
| | | $ | 0.12 | | | | | | — | | | | | | — | | | | | | — | | |
加权平均未偿还 - 基本普通股和稀释普通股
|
| | | | — | | | | | | 900 | | | | | | — | | | | | | — | | |
普通股每股收益 - 基本股和稀释股
|
| | | | — | | | | | $ | (9,351) | | | | | | — | | | | | | — | | |
Book Value Per Share
|
| | | $ | (0.20) | | | | | $ | 112,688 | | | | | $ | 3.41 | | | | | $ | 2.18 | | |
| | |
Historical
|
| |
No Redemptions
Scenario |
| |
Maximum
Redemptions Scenario |
| |||||||||||||||
For the Year Ending December 31, 2021
|
| |
Adara
(Historical from 1/1/21 through 12/31/21) |
| |
Alliance
|
| |
Pro Forma
Combined |
| |
Pro Forma
Combined |
| ||||||||||||
预计每股收益 | | | | | | | | | | | | | | | | | | | | | | | | | |
A类优秀 - 基本股和稀释股加权平均股份
|
| | | | 11,500,000 | | | | | | — | | | | | | 61,000,000 | | | | | | 50,473,587 | | |
每股收益A类 - 基本版和稀释版
|
| | | $ | 0.25 | | | | | $ | — | | | | | $ | 0.68 | | | | | $ | 0.88 | | |
B类优秀 - 基本股和稀释股的加权平均股份
|
| | | | 2,875,000 | | | | | | — | | | | | | — | | | | | | — | | |
每股收益B类 - 基本版和稀释版
|
| | | $ | 0.25 | | | | | | — | | | | | | — | | | | | | — | | |
加权平均未偿还 - 基本普通股和稀释普通股
|
| | | | — | | | | | | 900 | | | | | | — | | | | | | — | | |
普通股每股收益 - 基本股和稀释股
|
| | | | — | | | | | $ | 49,534.44 | | | | | | | | | | | | | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
美国银行循环信贷安排
|
| | | $ | 183,691 | | | | | $ | 136,176 | | |
减去:递延财务成本
|
| | | | (167) | | | | | | (208) | | |
Revolving Credit, Net
|
| | | $ | 183,524 | | | | | $ | 135,968 | | |
Holders
|
| |
No Redemption
Scenario(1) |
| |
% of
Total |
| |
Illustrative
Redemption Scenario(2) |
| |
% of
Total |
| |
Contractual
Maximum Redemption Scenario(3) |
| |
% of
Total |
| ||||||||||||||||||
阿达拉公共股东
|
| | | | 11,500,000 | | | | | | 18.8% | | | | | | 5,750,000 | | | | | | 10.4% | | | | | | 1,473,587 | | | | | | 2.9% | | |
Adara初始股东(4)
|
| | | | 2,000,000 | | | | | | 3.3% | | | | | | 2,000,000 | | | | | | 3.6% | | | | | | 2,000,000 | | | | | | 3.9% | | |
Alliance Stockholders(5)
|
| | | | 47,500,000 | | | | | | 77.9% | | | | | | 47,500,000 | | | | | | 86.0% | | | | | | 47,500,000 | | | | | | 93.2% | | |
未偿还股份总数
Excluding Contingent 对价股份和阿达拉 Warrants |
| | | | 61,000,000 | | | | | | 100.0% | | | | | | 55,250,000 | | | | | | 100.0% | | | | | | 50,973,587 | | | | | | 100.0% | | |
赎回后的总股本价值
|
| | | $ | 619,712,420 | | | | | | | | | | | $ | 561,296,905 | | | | | | | | | | | $ | 517,851,885 | | | | | | | | |
假设每股价值(近似值)
|
| | | $ | 10.16 | | | | | | | | | | | $ | 10.16 | | | | | | | | | | | $ | 10.16 | | | | | | | | |
其他稀释源(8)
|
| |
No Redemption
Scenario(1) |
| |
% of
Total(7) |
| |
Illustrative
Redemption Scenario(7) |
| |
% of
Total(6) |
| |
Contractual
Maximum Redemption Scenario(3) |
| |
% of
Total(7) |
| ||||||||||||||||||
或有对价股份(8)
|
| | | | 60,000,000 | | | | | | 49.6% | | | | | | 60,000,000 | | | | | | 52.1% | | | | | | 60,000,000 | | | | | | 54.0% | | |
Adara Warrants
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Public Warrants(9)
|
| | | | 5,750,000 | | | | | | 8.6% | | | | | | 5,750,000 | | | | | | 9.4% | | | | | | 5,750,000 | | | | | | 10.1% | | |
Private Warrants(10)
|
| | | | 4,120,000 | | | | | | 6.3% | | | | | | 4,120,000 | | | | | | 6.9% | | | | | | 4,120,000 | | | | | | 7.8% | | |
Underwriter Warrants(11)
|
| | | | 50,000 | | | | | | 0.1% | | | | | | 50,000 | | | | | | 0.1% | | | | | | 50,000 | | | | | | 0.1% | | |
其他稀释剂来源总数(12个)
|
| | | | 69,920,000 | | | | | | 53.4% | | | | | | 69,920,000 | | | | | | 55.6% | | | | | | 69,920,000 | | | | | | 57.8% | | |
| | |
Assuming Minimum
Redemptions |
| |
Assuming Maximum
Redemptions |
| ||||||||||||||||||
| | |
Shares
|
| |
%
|
| |
Shares
|
| |
%
|
| ||||||||||||
阿达拉A类普通股股东(公众股东)
|
| | | | 11,500,000 | | | | | | 18.8 | | | | | | 1,473,587 | | | | | | 2.9 | | |
阿达拉A类普通股股东(发起人)
|
| | | | 2,000,000 | | | | | | 3.3 | | | | | | 1,500,000 | | | | | | 3.0 | | |
前联盟股东(1)
|
| | | | 47,500,000 | | | | | | 77.9 | | | | | | 47,500,000 | | | | | | 94.1 | | |
收盘时的流通股
|
| | | | 61,000,000 | | | | | | 100% | | | | | | 50,473,587 | | | | | | 100% | | |
| | |
Historical
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||
| | |
US GAAP
|
| |
假设最低赎回
|
| |
假设最大赎回
|
| |||||||||||||||||||||||||||||||||||||||
| | |
Adara
|
| |
Alliance
|
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| ||||||||||||||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current Assets
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash
|
| | | $ | 30 | | | | | $ | 809 | | | | | $ | 116,831 | | | | | | 1c | | | | | $ | 111,205 | | | | | $ | 14,971 | | | | | | 1c | | | | | $ | 13,410 | | |
| | | | | | | | | | | | | | | | | (6,465) | | | | | | 1f | | | | | | | | | | | | (2,400) | | | | | | 1f | | | | | | | | |
Accounts Receivables – Net
|
| | | | | | | | | | 93,155 | | | | | | | | | | | | | | | | | | 93,155 | | | | | | | | | | | | | | | | | | 93,155 | | |
Inventory
|
| | | | | | | | | | 286,943 | | | | | | | | | | | | | | | | | | 286,943 | | | | | | | | | | | | | | | | | | 286,943 | | |
Other Current Assets
|
| | | | 53 | | | | | | 10,630 | | | | | | (2,400) | | | | | | 1f | | | | | | 8,283 | | | | | | (2,400) | | | | | | 1f | | | | | | 8,283 | | |
应收关联方
|
| | | | | | | | | | 0 | | | | | | | | | | | | | | | | | | 0 | | | | | | | | | | | | | | | | | | 0 | | |
Total Current Assets
|
| | | | 83 | | | | | | 391,537 | | | | | | 107,966 | | | | | | | | | | | | 499,586 | | | | | | 10,171 | | | | | | | | | | | | 401,791 | | |
Property & Equipment – Net
|
| | | | | | | | | | 6,283 | | | | | | | | | | | | | | | | | | 6,283 | | | | | | | | | | | | | | | | | | 6,283 | | |
经营性租赁使用权资产
|
| | | | | | | | | | 7,263 | | | | | | | | | | | | | | | | | | 7,263 | | | | | | | | | | | | | | | | | | 7,263 | | |
Intangible Assets
|
| | | | | | | | | | 26,782 | | | | | | | | | | | | | | | | | | 26,782 | | | | | | | | | | | | | | | | | | 26,782 | | |
Goodwill
|
| | | | | | | | | | 81,903 | | | | | | | | | | | | | | | | | | 81,903 | | | | | | | | | | | | | | | | | | 81,903 | | |
信托账户中持有的有价证券
|
| | | | 116,831 | | | | | | — | | | | | | (116,831) | | | | | | 1c | | | | | | — | | | | | | (101,860) | | | | | | 1b | | | | | | — | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (14,971) | | | | | | 1c | | | | | | | | |
Other Assets
|
| | | | | | | | | | 371 | | | | | | | | | | | | | | | | | | 371 | | | | | | | | | | | | | | | | | | 371 | | |
Deferred Tax Asset
|
| | | | | | | | | | 2,804 | | | | | | | | | | | | | | | | | | 2,804 | | | | | | | | | | | | | | | | | | 2,804 | | |
Total Assets
|
| | | $ | 116,914 | | | | | $ | 516,943 | | | | | $ | (8,865) | | | | | | | | | | | $ | 624,992 | | | | | $ | (106,660) | | | | | | | | | | | $ | 527,197 | | |
| | |
Historical
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||
| | |
US GAAP
|
| |
假设最低赎回
|
| |
假设最大赎回
|
| |||||||||||||||||||||||||||||||||||||||
| | |
Adara
|
| |
Alliance
|
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| ||||||||||||||||||||||||
负债和股东权益 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Current Liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Outstanding Checks
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Accounts Payable
|
| | | | | | | | | $ | 200,934 | | | | | | | | | | | | | | | | | $ | 200,934 | | | | | | | | | | | | | | | | | $ | 200,934 | | |
Accrued Expenses
|
| | | | 1,051 | | | | | | 14,274 | | | | | | (800) | | | | | | 1f | | | | | | 14,525 | | | | | | (800) | | | | | | 1f | | | | | | 14,525 | | |
循环信贷安排
|
| | | | | | | | | | 0 | | | | | | | | | | | | | | | | | | 0 | | | | | | | | | | | | | | | | | | 0 | | |
Promissory Note
|
| | | | 436 | | | | | | | | | | | | | | | | | | | | | | | | 436 | | | | | | | | | | | | | | | | | | 436 | | |
卖方备注的当前部分
|
| | | | | | | | | | — | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | | | |
项下债务的当前部分
Capital Lease |
| | | | | | | | | | — | | | | | | | | | | | | | | | | | | — | | | | | | | | | | | | | | | | | | — | | |
经营租赁债务的当前部分
|
| | | | | | | | | | 4,268 | | | | | | | | | | | | | | | | | | 4,268 | | | | | | | | | | | | | | | | | | 4,268 | | |
Income Tax Payable
|
| | | | 69 | | | | | | 0 | | | | | | | | | | | | | | | | | | 69 | | | | | | | | | | | | | | | | | | 69 | | |
流动负债总额
|
| | | | 1,556 | | | | | | 219,476 | | | | | | (800) | | | | | | | | | | | | 220,232 | | | | | | (800) | | | | | | | | | | | | 220,232 | | |
Long-Term Liabilities
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
循环信贷安排
|
| | | | | | | | | | 183,524 | | | | | | | | | | | | | | | | | | 183,524 | | | | | | | | | | | | | | | | | | 183,524 | | |
Deferred Tax Liability
|
| | | | | | | | | | 5,271 | | | | | | | | | | | | | | | | | | 5,271 | | | | | | | | | | | | | | | | | | 5,271 | | |
Debt – Non-Current
|
| | | | | | | | | | 3,377 | | | | | | | | | | | | | | | | | | 3,377 | | | | | | | | | | | | | | | | | | 3,377 | | |
经营租赁债务的长期部分
|
| | | | | | | | | | 3,876 | | | | | | | | | | | | | | | | | | 3,876 | | | | | | | | | | | | | | | | | | 3,876 | | |
Warrant Liabilities
|
| | | | 1,885 | | | | | | — | | | | | | (1,093) | | | | | | 1h | | | | | | 792 | | | | | | (1,093) | | | | | | 1h | | | | | | 792 | | |
长期负债总额
|
| | | | 1,885 | | | | | | 196,048 | | | | | | (1,093) | | | | | | | | | | | | 196,840 | | | | | | (1,093) | | | | | | | | | | | | 196,840 | | |
Total Liabilities
|
| | | $ | 3,441 | | | | | $ | 415,524 | | | | | $ | (1,893) | | | | | | | | | | | $ | 417,072 | | | | | $ | (1,893) | | | | | | | | | | | $ | 417,072 | | |
| | |
Historical
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||
| | |
US GAAP
|
| |
假设最低赎回
|
| |
假设最大赎回
|
| | |||||||||||||||||||||||||||||||||||||||||
| | |
Adara
|
| |
Alliance
|
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| | ||||||||||||||||||||||||||
承付款和或有事项 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
可能赎回的A类普通股,面值0.0001美元;1,150万股,每股赎回价值10.16美元
|
| | | | 116,411 | | | | | | | | | | | | (116,411) | | | | | | 1b | | | | | | — | | | | | | (101,860) | | | | | | 1b | | | | | | — | | | | ||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (14,551) | | | | | | 1c | | | | | | | | | | ||
Stockholders’ Equity | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
B类普通股,面值0.0001美元;授权发行1,000万股;已发行和已发行股票2,875,000股
|
| | | | — | | | | | | | | | | | | — | | | | | | 1d | | | | | | — | | | | | | — | | | | | | 1d | | | | | | — | | | | ||
Class A New
|
| | | | | | | | | | | | | | | | — | | | | | | 1d | | | | | | 6 | | | | | | — | | | | | | 1d | | | | | | 5 | | | | ||
| | | | | | | | | | | | | | | | | 1 | | | | | | 1b | | | | | | | | | | | | — | | | | | | 1b | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | 5 | | | | | | 1e | | | | | | | | | | | | 5 | | | | | | 1e | | | | | | | | | | ||
Paid-In Capital
|
| | | | | | | | | | 40,000 | | | | | | (2,938) | | | | | | 1a | | | | | | 207,980 | | | | | | (2,938) | | | | | | 1a | | | | | | 110,186 | | | | ||
| | | | | | | | | | | | | | | | | 116,410 | | | | | | 1b | | | | | | | | | | | | 14,551 | | | | | | 1c | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | (5) | | | | | | 1e | | | | | | | | | | | | (5) | | | | | | 1e | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | (3,000) | | | | | | 1f | | | | | | | | | | | | (3,000) | | | | | | 1f | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | (2,674) | | | | | | 1e | | | | | | | | | | | | (2,674) | | | | | | 1e | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | (5,065) | | | | | | 1f | | | | | | — | | | | | | (1,000) | | | | | | 1f | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | 64,159 | | | | | | 1g | | | | | | | | | | | | 64,159 | | | | | | 1g | | | | | | | | | | ||
| | | | | | | | | | | | | | | | | 1,093 | | | | | | 1h | | | | | | | | | | | | 1,093 | | | | | | 1h | | | | | | | | | | ||
库存股,57股按成本价持有
|
| | | | | | | | | | (2,674) | | | | | | 2,674 | | | | | | 1e | | | | | | — | | | | | | 2,674 | | | | | | 1e | | | | | | — | | | | ||
Retained Earnings
|
| | | | (2,938) | | | | | | 64,159 | | | | | | 2,938 | | | | | | 1a | | | | | | — | | | | | | 2,938 | | | | | | 1a | | | | | | — | | | | ||
| | | | | | | | | | | | | | | | | (64,159) | | | | | | 1g | | | | | | | | | | | | (64,159) | | | | | | 1g | | | | | | | | | | ||
Comprehensive Income
|
| | | | | | | | | | (66) | | | | | | | | | | | | | | | | | | (66) | | | | | | | | | | | | | | | | | | (66) | | | | ||
股东权益合计
|
| | | | (2,938) | | | | | | 101,419 | | | | | | 109,439 | | | | | | | | | | | | 207,920 | | | | | | 11,644 | | | | | | | | | | | | 110,125 | | | | ||
总负债和股东总负债
Equity |
| | | $ | 116,914 | | | | | $ | 516,943 | | | | | $ | (8,865) | | | | | | | | | | | $ | 624,992 | | | | | $ | (106,660) | | | | | | | | | | | $ | 527,197 | | | |
| | |
Historical
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||
| | |
US GAAP
|
| |
假设最低赎回
|
| |
假设最大赎回
|
| |||||||||||||||||||||||||||||||||||||||
| | |
Adara
|
| |
Alliance
|
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| ||||||||||||||||||||||||
Net Sales
|
| | | | | | | | | $ | 824,432 | | | | | | | | | | | | | | | | | $ | 824,432 | | | | | | | | | | | | | | | | | $ | 824,432 | | |
Cost of Sales
|
| | | | | | | | | | 730,338 | | | | | | | | | | | | | | | | | | 730,338 | | | | | | | | | | | | | | | | | | 730,338 | | |
Gross Margin
|
| | | | | | | | | | 94,094 | | | | | | — | | | | | | | | | | | | 94,094 | | | | | | — | | | | | | | | | | | | 94,094 | | |
Operating Expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fulfillment Services
|
| | | | | | | | | | 45,918 | | | | | | | | | | | | | | | | | | 45,918 | | | | | | | | | | | | | | | | | | 45,918 | | |
Technology
|
| | | | | | | | | | 9,614 | | | | | | | | | | | | | | | | | | 9,614 | | | | | | | | | | | | | | | | | | 9,614 | | |
Sales & Marketing
|
| | | | | | | | | | 22,540 | | | | | | | | | | | | | | | | | | 22,540 | | | | | | | | | | | | | | | | | | 22,540 | | |
General & Administrative
|
| | | $ | 1,887 | | | | | $ | 11,077 | | | | | $ | (90) | | | | | | 2a | | | | | $ | 12,874 | | | | | $ | (90) | | | | | | 2a | | | | | $ | 12,874 | | |
折旧摊销
|
| | | | — | | | | | | 5,522 | | | | | | | | | | | | | | | | | | 5,522 | | | | | | | | | | | | | | | | | | 5,522 | | |
Transaction Costs
|
| | | | | | | | | | 671 | | | | | | | | | | | | | | | | | | 671 | | | | | | | | | | | | | | | | | | 671 | | |
IC DISC
|
| | | | | | | | | | 5,033 | | | | | | | | | | | | | | | | | | 5,033 | | | | | | | | | | | | | | | | | | 5,033 | | |
总运营费用
|
| | | | 1,887 | | | | | | 100,375 | | | | | | (90) | | | | | | | | | | | | 102,172 | | | | | | (90) | | | | | | | | | | | | 102,172 | | |
Operating Income (Loss)
|
| | | | (1,887) | | | | | | (6,281) | | | | | | 90 | | | | | | | | | | | | (8,078) | | | | | | 90 | | | | | | | | | | | | (8,078) | | |
| | |
Historical
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||
| | |
US GAAP
|
| |
假设最低赎回
|
| |
假设最大赎回
|
| |||||||||||||||||||||||||||||||||||||||
| | |
Adara
|
| |
Alliance
|
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| ||||||||||||||||||||||||
营业外收入(费用):
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest
|
| | | | | | | | | | (4,674) | | | | | | | | | | | | | | | | | | (4,674) | | | | | | | | | | | | | | | | | | (4,674) | | |
信托持有的有价证券赚取的利息
Account |
| | | | 671 | | | | | | | | | | | | (671) | | | | | | 2b | | | | | | — | | | | | | (671) | | | | | | 2b | | | | | | — | | |
权证负债公允价值变动
|
| | | | 2,976 | | | | | | | | | | | | (1,726) | | | | | | 2e | | | | | | 1,250 | | | | | | (1,726) | | | | | | 2e | | | | | | 1,250 | | |
营业外收入(费用)合计
|
| | | | 3,647 | | | | | | (4,674) | | | | | | (2,397) | | | | | | | | | | | | (3,424) | | | | | | (2,397) | | | | | | | | | | | | (3,424) | | |
Income before Income
Taxes |
| | | | 1,760 | | | | | | (10,955) | | | | | | (2,307) | | | | | | | | | | | | (11,502) | | | | | | (2,307) | | | | | | | | | | | | (11,502) | | |
所得税拨备
|
| | | | (70) | | | | | | 2,539 | | | | | | 140 | | | | | | 2d | | | | | | 2,609 | | | | | | 140 | | | | | | 2d | | | | | | 2,609 | | |
Net Income (Loss)
|
| | | $ | 1,690 | | | | | $ | (8,416) | | | | | $ | (2,167) | | | | | | | | | | | $ | (8,893) | | | | | $ | (2,167) | | | | | | | | | | | $ | (8,893) | | |
Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
加权平均流通股:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
基本流通股
|
| | | | 14,375 | | | | | | 1 | | | | | | | | | | | | | | | | | | 61,000 | | | | | | | | | | | | | | | | | | 50,474 | | |
稀释后的流通股
|
| | | | 14,375 | | | | | | 1 | | | | | | | | | | | | | | | | | | 61,000 | | | | | | | | | | | | | | | | | | 50,474 | | |
基本收益和摊薄收益(亏损)
per share: |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
每股基本收益(亏损)
|
| | | $ | 0.12 | | | | | $ | (9,351) | | | | | | | | | | | | | | | | | $ | (0.15) | | | | | | | | | | | | | | | | | $ | (0.18) | | |
稀释后每股收益(亏损)
|
| | | $ | 0.12 | | | | | $ | (9,351) | | | | | | | | | | | | | | | | | $ | (0.15) | | | | | | | | | | | | | | | | | $ | (0.18) | | |
| | |
Historical
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||
| | |
US GAAP
|
| |
假设最低赎回
|
| |
假设最大赎回
|
| |||||||||||||||||||||||||||||||||||||||
| | |
Adara
|
| |
Alliance
|
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| ||||||||||||||||||||||||
Net Sales
|
| | | | | | | | | $ | 1,441,762 | | | | | | | | | | | | | | | | | $ | 1,441,762 | | | | | | | | | | | | | | | | | $ | 1,441,762 | | |
Cost of Sales
|
| | | | | | | | | | 1,241,650 | | | | | | | | | | | | | | | | | | 1,241,650 | | | | | | | | | | | | | | | | | | 1,241,650 | | |
Gross Margin
|
| | | | | | | | | | 200,112 | | | | | | | | | | | | | | | | | | 200,112 | | | | | | | | | | | | | | | | | | 200,112 | | |
Operating Expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fulfillment Services
|
| | | | | | | | | | 60,682 | | | | | | | | | | | | | | | | | | 60,682 | | | | | | | | | | | | | | | | | | 60,682 | | |
Technology
|
| | | | | | | | | | 12,772 | | | | | | | | | | | | | | | | | | 12,772 | | | | | | | | | | | | | | | | | | 12,772 | | |
Sales & Marketing
|
| | | | | | | | | | 29,845 | | | | | | | | | | | | | | | | | | 29,845 | | | | | | | | | | | | | | | | | | 29,845 | | |
一般与行政
|
| | | | 977 | | | | | | 16,655 | | | | | | (105) | | | | | | 2a | | | | | | 17,527 | | | | | | (105) | | | | | | 2a | | | | | | 17,527 | | |
折旧摊销
|
| | | | | | | | | | 9,910 | | | | | | — | | | | | | | | | | | | 9,910 | | | | | | | | | | | | | | | | | | 9,910 | | |
Transaction costs
|
| | | | 86 | | | | | | (282) | | | | | | 5,065 | | | | | | 2c | | | | | | 4,869 | | | | | | 1,000 | | | | | | 2c | | | | | | 804 | | |
IC DISC
|
| | | | | | | | | | 8,589 | | | | | | | | | | | | | | | | | | 8,589 | | | | | | | | | | | | | | | | | | 8,589 | | |
总运营费用
|
| | | | 1,063 | | | | | | 138,171 | | | | | | 4,960 | | | | | | | | | | | | 144,194 | | | | | | 895 | | | | | | | | | | | | 140,129 | | |
运营收入
|
| | | | (1,063) | | | | | | 61,941 | | | | | | (4,960) | | | | | | | | | | | | 55,918 | | | | | | (895) | | | | | | | | | | | | 59,983 | | |
| | |
Historical
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||||
| | |
US GAAP
|
| |
假设最低赎回
|
| |
假设最大赎回
|
| |||||||||||||||||||||||||||||||||||||||
| | |
Adara
|
| |
Alliance
|
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| |
Pro Forma
Adjustments |
| |
Notes
|
| |
Pro Forma
Condensed Combined |
| ||||||||||||||||||||||||
营业外收入(费用):
|
| | |
|
—
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
个人防护用品处置损益
|
| | | | | | | | | | (47) | | | | | | | | | | | | | | | | | | (47) | | | | | | | | | | | | | | | | | | (47) | | |
Interest
|
| | | | | | | | | | (3,237) | | | | | | | | | | | | | | | | | | (3,237) | | | | | | | | | | | | | | | | | | (3,237) | | |
信托账户中持有的有价证券赚取的利息
|
| | | | 10 | | | | | | — | | | | | | (10) | | | | | | 2b | | | | | | — | | | | | | (10) | | | | | | 2b | | | | | | — | | |
权证负债公允价值变动
|
| | | | 4,297 | | | | | | — | | | | | | (2,490) | | | | | | 2e | | | | | | 1,807 | | | | | | (2,490) | | | | | | 2e | | | | | | 1,807 | | |
营业外收入(费用)合计
|
| | | | 4,307 | | | | | | (3,284) | | | | | | (2,500) | | | | | | | | | | | | (1,477) | | | | | | (2,500) | | | | | | | | | | | | (1,477) | | |
Income before Income
Taxes |
| | | | 3,244 | | | | | | 58,657 | | | | | | (7,460) | | | | | | | | | | | | 54,441 | | | | | | (3,395) | | | | | | | | | | | | 58,506 | | |
所得税拨备
|
| | | | | | | | | | (14,076) | | | | | | 1,192 | | | | | | 2d | | | | | | 12,884 | | | | | | 217 | | | | | | 2d | | | | | | (13,859) | | |
Net Income
|
| | | $ | 3,244 | | | | | $ | 44,581 | | | | | $ | (6,268) | | | | | | | | | | | $ | 41,557 | | | | | $ | (3,178) | | | | | | | | | | | $ | 44,647 | | |
Supplemental Data | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
加权平均流通股:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
基本流通股
|
| | | | 13,040 | | | | | | 1 | | | | | | | | | | | | | | | | | | 61,000 | | | | | | | | | | | | | | | | | | 50,474 | | |
稀释后的流通股
|
| | | | 13,040 | | | | | | 1 | | | | | | | | | | | | | | | | | | 61,000 | | | | | | | | | | | | | | | | | | 50,474 | | |
基本和稀释后每股收益:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic earnings per share
|
| | | $ | 0.25 | | | | | $ | 49,534.44 | | | | | | | | | | | | | | | | | $ | 0.68 | | | | | | | | | | | | | | | | | $ | 0.88 | | |
稀释后每股收益
|
| | | $ | 0.25 | | | | | $ | 49,534.44 | | | | | | | | | | | | | | | | | $ | 0.68 | | | | | | | | | | | | | | | | | $ | 0.88 | | |
| | |
Tranche 1
|
| |
Tranche 2
|
| |
Tranche 3
|
| |||||||||
Common stock value
|
| | | $ | 9.95 | | | | | $ | 9.95 | | | | | $ | 9.95 | | |
Exercise price
|
| | | $ | 0.00 | | | | | $ | 0.00 | | | | | $ | 0.00 | | |
合同股价门槛
|
| | | $ | 20.00 | | | | | $ | 30.00 | | | | | $ | 50.00 | | |
One-touch barrier
|
| | | $ | 22.12 | | | | | $ | 33.23 | | | | | $ | 55.34 | | |
Expiration date
|
| | | | 6/30/2027 | | | | | | 6/30/2029 | | | | | | 6/29/2032 | | |
Expected item
|
| | | | 5.00 | | | | | | 7.00 | | | | | | 10.00 | | |
Risk-free rate
|
| | | | 4.02% | | | | | | 3.93% | | | | | | 3.79% | | |
Dividend
|
| | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | |
Volatility
|
| | | | 37.8% | | | | | | 37.8% | | | | | | 37.8% | | |
即插即用障碍期权的价值
|
| | | $ | 5.74 | | | | | $ | 4.85 | | | | | $ | 4.29 | | |
Fair value per share
|
| | | $ | 5.74 | | | | | $ | 4.85 | | | | | $ | 4.29 | | |
| | |
For the nine months ended
September 30, 2022 |
| |||||||||
| | |
Minimum
Redemption Scenario |
| |
Maximum
Redemption Scenario |
| ||||||
普通股股东的预计净亏损
|
| | | $ | (8,893,000) | | | | | $ | (8,893,000) | | |
形式加权平均股份计算,基本和稀释: | | | | | | | | | | | | | |
阿达拉A类普通股股东(公众股东)
|
| | | | 11,500,000 | | | | | | 1,473,587 | | |
阿达拉B类普通股股东(发起人)
|
| | | | 2,000,000 | | | | | | 1,500,000 | | |
前联盟股东
|
| | | | 47,500,000 | | | | | | 47,500,000 | | |
形式加权平均流通股 - 基本和稀释(1)
|
| | | | 61,000,000 | | | | | | 50,473,587 | | |
每股净亏损 - 基本和摊薄(1)
|
| | | $ | (0.15) | | | | | $ | (0.18) | | |
| | |
For the year ended
December 31, 2021 |
| |||||||||
| | |
Minimum
Redemption Scenario |
| |
Maximum
Redemption Scenario |
| ||||||
普通股股东的预计净收入
|
| | | $ | 41,557,000 | | | | | $ | 44,647,000 | | |
形式加权平均股份计算,基本和稀释: | | | | | | | | | | | | | |
阿达拉A类普通股股东(公众股东)
|
| | | | 11,500,000 | | | | | | 1,473,587 | | |
阿达拉B类普通股股东(发起人)
|
| | | | 2,000,000 | | | | | | 1,500,000 | | |
前联盟股东
|
| | | | 47,500,000 | | | | | | 47,500,000 | | |
形式加权平均流通股 - 基本和稀释(1)
|
| | | | 61,000,000 | | | | | | 50,473,587 | | |
每股净收益 - 基本和稀释后(1)
|
| | | $ | 0.68 | | | | | $ | 0.88 | | |
Company
|
| |
Stock Price(1)
|
| |
Market Value
of Equity |
| |
Enterprise
Value(2) |
| |
企业价值为:的倍数:
|
| ||||||||||||||||||||||||||||||
|
EBITDA
|
| |||||||||||||||||||||||||||||||||||||||||
|
TTM
|
| |
CY 2022E
|
| |
CY2023E
|
| |
CY2024E
|
| ||||||||||||||||||||||||||||||||
Aterian, Inc.
|
| | | | 2.59 | | | | | | 174.7 | | | | | | 164.6 | | | | | | NM | | | | | | NM | | | | | | NM | | | | | | 15.3x | | |
ChannelAdvisor Corporation
|
| | | | 14.76 | | | | | | 449.8 | | | | | | 347.4 | | | | | | 16.4 | | | | | | 9.3 | | | | | | 8.1 | | | | | | 7.1 | | |
Funko, Inc.
|
| | | | 20.66 | | | | | | 960.2 | | | | | | 1,267.3 | | | | | | 9.1 | | | | | | 6.9 | | | | | | 6.1 | | | | | | 6.7 | | |
Arrow Electronics, Inc.
|
| | | | 109.30 | | | | | | 7,217.8 | | | | | | 10,142.2 | | | | | | 5.2 | | | | | | 4.4 | | | | | | 4.8 | | | | | | 5.7 | | |
TD SYNNEX Corporation
|
| | | | 93.00 | | | | | | 8,937.7 | | | | | | 13,501.0 | | | | | | 11.2 | | | | | | 7.2 | | | | | | 6.7 | | | | | | 6.1 | | |
Advantage Solutions Inc.
|
| | | | 4.12 | | | | | | 1,311.8 | | | | | | 3,294.6 | | | | | | 6.6 | | | | | | 6.8 | | | | | | 6.6 | | | | | | 6.7 | | |
GameStop Corp.
|
| | | | 140.28 | | | | | | 10,624.8 | | | | | | 10,206.8 | | | | | | NM | | | | | | NM | | | | | | NM | | | | | | NM | | |
|
High
|
| | | | 16.4x | | | | | | 9.3x | | | | | | 8.1x | | | | | | 15.3x | | |
|
Average
|
| | | | 9.7 | | | | | | 6.9 | | | | | | 6.5 | | | | | | 7.9 | | |
|
Median
|
| | | | 9.1 | | | | | | 6.9 | | | | | | 6.6 | | | | | | 6.7 | | |
|
Low
|
| | | | 5.2 | | | | | | 4.4 | | | | | | 4.8 | | | | | | 5.7 | | |
| | |
EV/EBITDA
TTM |
| |
EV/EBITDA
2022 |
| |
EV/EBITDA
2023 |
| |
EV/EBITDA
2024 |
| ||||||||||||
Enterprise Value (Low)
|
| | | $ | 397,068,456 | | | | | $ | 283,551,459 | | | | | $ | 333,314,352 | | | | | $ | 394,673,812 | | |
Enterprise Value (Mean)
|
| | | $ | 737,631,016 | | | | | $ | 443,261,568 | | | | | $ | 448,155,912 | | | | | $ | 547,662,808 | | |
Enterprise Value (Median)
|
| | | $ | 687,233,866 | | | | | $ | 439,343,317 | | | | | $ | 458,525,128 | | | | | $ | 462,291,372 | | |
Enterprise Value (High)
|
| | | $ | 1,237,020,958 | | | | | $ | 589,704,646 | | | | | $ | 556,949,521 | | | | | $ | 1,053,252,376 | | |
| | |
Historical Year Ending 6/30
|
| |
Projected Year Ending 6/30*
|
| |
2021-2026
CAGR |
| |||||||||||||||||||||||||||||||||||||||||||||
| | |
2019
|
| |
2020
|
| |
2021
|
| |
2022
|
| |
2023
|
| |
2024
|
| |
2025
|
| |
2026
|
| ||||||||||||||||||||||||||||||
Sales
|
| | | | 746.5 | | | | | | 775.6 | | | | | | 1,323.6 | | | | | | 1,400.0 | | | | | | 1,424.0 | | | | | | 1,450.0 | | | | | | 1,479.0 | | | | | | 1,508.6 | | | | | | 2.7% | | |
Cost of goods sold
|
| | | | 637.9 | | | | | | 656.5 | | | | | | 1,140.9 | | | | | | 1,213.0 | | | | | | 1,227.3 | | | | | | 1,250.0 | | | | | | 1,276.4 | | | | | | 1,301.9 | | | | | | | | |
Gross Profit
|
| | | | 108.6 | | | | | | 119.1 | | | | | | 182.7 | | | | | | 187.0 | | | | | | 196.7 | | | | | | 200.0 | | | | | | 202.6 | | | | | | 206.7 | | | | | | 2.5% | | |
Operating Expenses
|
| | | | 83.6 | | | | | | 85.9 | | | | | | 114.1 | | | | | | 122.6 | | | | | | 127.1 | | | | | | 131.2 | | | | | | 131.6 | | | | | | 134.3 | | | | | | | | |
EBITDA
|
| | | | 25.9 | | | | | | 33.6 | | | | | | 68.5 | | | | | | 64.4 | | | | | | 69.6 | | | | | | 69.1 | | | | | | 72.5 | | | | | | 73.9 | | | | | | 1.5% | | |
EBITDA Margin
|
| | | | 3.5% | | | | | | 4.3% | | | | | | 5.2% | | | | | | 4.6% | | | | | | 4.9% | | | | | | 4.8% | | | | | | 4.9% | | | | | | 4.9% | | | | | | | | |
Less: Depreciation
|
| | | | (6.2) | | | | | | (7.1) | | | | | | (5.6) | | | | | | (3.2) | | | | | | (4.0) | | | | | | (4.1) | | | | | | (4.0) | | | | | | (4.0) | | | | | | | | |
Less: Amortization
|
| | | | (7.9) | | | | | | (8.7) | | | | | | (6.0) | | | | | | (5.2) | | | | | | (3.5) | | | | | | (3.5) | | | | | | (3.5) | | | | | | (3.5) | | | | | | | | |
EBIT
|
| | | | 11.8 | | | | | | 17.8 | | | | | | 56.9 | | | | | | 56.0 | | | | | | 62.1 | | | | | | 61.5 | | | | | | 65.0 | | | | | | 66.4 | | | | | | 3.1% | | |
Less: Taxes
|
| | | | (1.7) | | | | | | (0.4) | | | | | | (10.9) | | | | | | (10.0) | | | | | | (13.3) | | | | | | (14.0) | | | | | | (14.2) | | | | | | (14.5) | | | | | | | | |
Tax-effected EBIT
|
| | | | 10.1 | | | | | | 17.4 | | | | | | 46.0 | | | | | | 46.0 | | | | | | 48.8 | | | | | | 47.5 | | | | | | 50.8 | | | | | | 51.9 | | | | | | 2.5% | | |
| | | | | | | | | | | | | | | | | | | | | | | -17.9% | | | | | | -21.4% | | | | | | | | | | | | | | | | | | | | | | | | | | |
加:折旧和摊销
|
| | | | | | | | | | 15.8 | | | | | | 11.6 | | | | | | 8.4 | | | | | | 7.5 | | | | | | 7.6 | | | | | | 7.5 | | | | | | 7.5 | | | | | | | | |
减去:资本支出
|
| | | | | | | | | | (1.6) | | | | | | (0.7) | | | | | | (0.2) | | | | | | (1.0) | | | | | | (1.0) | | | | | | (1.0) | | | | | | (1.0) | | | | | | | | |
(增加)/减少营运资金
|
| | | | | | | | | | (18.0) | | | | | | (35.3) | | | | | | (34.8) | | | | | | (38.0) | | | | | | 0.0 | | | | | | 0.0 | | | | | | 0.0 | | | | | | | | |
未加杠杆的自由现金流
|
| | | | | | | | | | 13.6 | | | | | | 21.7 | | | | | | 19.2 | | | | | | 17.1 | | | | | | 54.1 | | | | | | 57.3 | | | | | | 58.4 | | | | | | 22.0% | | |
|
Unlevered Free Cash Flow
|
| | | | 19.2 | | | | | | 17.1 | | | | | | 54.1 | | | | | | 57.3 | | | | | | 58.4 | | |
|
Discount period
|
| | | | 1.0 | | | | | | 2.0 | | | | | | 3.0 | | | | | | 4.0 | | | | | | 5.0 | | |
|
WACC
|
| | | | 10.0% | | | | | | 10.0% | | | | | | 10.0% | | | | | | 10.0% | | | | | | 10.0% | | |
|
Discount factor
|
| | | | 0.909 | | | | | | 0.826 | | | | | | 0.751 | | | | | | 0.683 | | | | | | 0.621 | | |
|
每个未加杠杆的自由现金流的现值
|
| | | | 17.5 | | | | | | 14.1 | | | | | | 40.6 | | | | | | 39.1 | | | | | | 36.3 | | |
|
永续增长率法
|
| ||||||
|
加权平均资金成本:
|
| | | | 10.0% | | |
|
自由现金流净现值
|
| | | | 147.6 | | |
|
Terminal growth rate
|
| | | | 2.0% | | |
|
Terminal value
|
| | | | 744.9 | | |
|
终端值现值
|
| | | | 462.5 | | |
|
Enterprise value
|
| | | | 610.1 | | |
|
永续增长率法
|
| ||||||
|
Less: Net debt**
|
| | | | (135.5) | | |
|
Equity value
|
| | | | 474.6 | | |
|
Shares:
|
| | | | 47.500 | | |
|
Equity Value Per Share
|
| | | | 9.99 | | |
Name and Position
|
| |
Year
|
| |
Salary
|
| |
Bonus
|
| |
All Other
Compensation(1)(2) |
| |
Total
Compensation |
| |||||||||||||||
Jeffrey Walker
首席执行官 |
| | | | 2021 | | | | | $ | 800,000 | | | | | $ | 0 | | | | | $ | 77,243 | | | | | $ | 877,243 | | |
Bruce Ogilvie
Executive Chairman |
| | | | 2021 | | | | | $ | 800,000 | | | | | $ | 0 | | | | | $ | 78,535 | | | | | $ | 878,535 | | |
John Kutch
首席财务官 |
| | | | 2021 | | | | | $ | 275,000 | | | | | $ | 68,750 | | | | | $ | 11,855 | | | | | $ | 355,605 | | |
Paul Eibeler
Board Chairman, COKeM |
| | | | 2021 | | | | | $ | 292,000 | | | | | $ | 29,200 | | | | | $ | 14,572 | | | | | $ | 335,772 | | |
Ben Means
分销解决方案部门的总裁 |
| | | | 2021 | | | | | $ | 335,000 | | | | | $ | 50,250 | | | | | $ | 14,571 | | | | | $ | 399,821 | | |
Name
|
| |
Year
|
| |
401(K)
Matching Plan Contributions |
| |
Car Allowance
|
| |
Mobile
Phone Allowance & Benefits |
| |
Work From
Home Allowance |
| |
Life and
AD&D Insurance |
| |
Company
Paid Health & Welfare Benefits |
| |
Company
Paid Disability Insurance |
| |
Travel
Expenses |
| |||||||||||||||||||||||||||
Jeffrey Walker
|
| | | | 2021 | | | | | $ | 5,000 | | | | | $ | 24,000 | | | | | $ | 1,440 | | | | | $ | 1,440 | | | | | $ | 814 | | | | | $ | 7,911 | | | | | $ | 365 | | | | | $ | 36,273 | | |
Bruce Ogilvie
|
| | | | 2021 | | | | | $ | 5,000 | | | | | $ | 24,000 | | | | | $ | 1,440 | | | | | $ | 1,440 | | | | | $ | 814 | | | | | $ | 9,203 | | | | | $ | 365 | | | | | $ | 36,273 | | |
John Kutch
|
| | | | 2021 | | | | | $ | 5,000 | | | | | $ | 0 | | | | | $ | 1,440 | | | | | $ | 0 | | | | | $ | 374 | | | | | $ | 4,676 | | | | | $ | 365 | | | | | $ | 0 | | |
Paul Eibeler
|
| | | | 2021 | | | | | $ | 5,000 | | | | | $ | 0 | | | | | $ | 900 | | | | | $ | 0 | | | | | $ | 396 | | | | | $ | 7,911 | | | | | $ | 365 | | | | | $ | 0 | | |
Ben Means
|
| | | | 2021 | | | | | $ | 5,000 | | | | | $ | 0 | | | | | $ | 900 | | | | | $ | 0 | | | | | $ | 456 | | | | | $ | 7,850 | | | | | $ | 365 | | | | | $ | 0 | | |
Name
|
| |
Fees earned or
paid in cash ($) |
| |
Stock-based
awards ($)(1) |
| |
Total
($) |
| ||||||
艾伦·图赫曼(前董事,2022年8月13日辞职)
|
| | | $ | 136,000 | | | | | | | | $ | 136,000 | | |
($ in thousands)
|
| |
Three Months
Ended September 30, 2022 |
| |
Three Months
Ended September 30, 2021 |
| ||||||
Net Revenues
|
| | | $ | 238,701 | | | | | $ | 293,202 | | |
收入成本(不包括折旧和摊销)
|
| | | | 213,233 | | | | | | 252,483 | | |
运营费用 | | | | | | | | | | | | | |
分销和履约费用
|
| | | | 14,865 | | | | | | 13,260 | | |
销售、一般和管理费用
|
| | | | 14,731 | | | | | | 13,778 | | |
折旧摊销
|
| | | | 1,636 | | | | | | 2,309 | | |
Transaction Costs
|
| | | | 640 | | | | | | (316) | | |
IC DISC Commissions
|
| | | | 1,389 | | | | | | 3,496 | | |
总运营费用
|
| | | | 33,261 | | | | | | 32,527 | | |
Operating (Loss) Income
|
| | | | (7,793) | | | | | | 8,192 | | |
Other Expenses | | | | | | | | | | | | | |
Interest Expense, Net
|
| | | | 2,354 | | | | | | 728 | | |
Total Other Expenses
|
| | | | 2,354 | | | | | | 728 | | |
所得税(福利)费用前收入(亏损)
|
| | | | (10,147) | | | | | | 7,464 | | |
所得税(福利)费用
|
| | | | (2,638) | | | | | | 1,791 | | |
Net (Loss) Income
|
| | | | (7,509) | | | | | | 5,673 | | |
每股净(亏损)收益 - 基本版和稀释版
|
| | | $ | (8.34) | | | | | $ | 6.30 | | |
用于计算每股净(亏损)收益的股份
|
| | | | 900 | | | | | | 900 | | |
($ in thousands, except shares)
|
| |
Year Ended
June 30, 2022 |
| |
Year Ended
June 30, 2021 |
| ||||||
Net Revenues
|
| | | $ | 1,417,377 | | | | | $ | 1,323,567 | | |
收入成本(不包括折旧和摊销)
|
| | | | 1,234,995 | | | | | | 1,140,885 | | |
运营费用 | | | | | | | | | | | | | |
分销和履约费用
|
| | | | 64,260 | | | | | | 56,885 | | |
销售、一般和管理费用
|
| | | | 58,110 | | | | | | 57,250 | | |
折旧摊销
|
| | | | 8,259 | | | | | | 11,651 | | |
Transaction Costs
|
| | | | (251) | | | | | | 3,509 | | |
IC DISC Commissions
|
| | | | 9,907 | | | | | | 5,394 | | |
财产和设备处置损失
|
| | | | — | | | | | | 87 | | |
总运营费用
|
| | | | 140,285 | | | | | | 134,775 | | |
Operating Income
|
| | | | 42,098 | | | | | | 47,907 | | |
Other Expenses | | | | | | | | | | | | | |
Interest Expense, Net
|
| | | | 4,056 | | | | | | 2,938 | | |
Total Other Expenses
|
| | | | 4,056 | | | | | | 2,938 | | |
所得税支出拨备前收入
|
| | | | 38,042 | | | | | | 44,969 | | |
Income Tax Expense
|
| | | | 9,423 | | | | | | 10,791 | | |
Net Income
|
| | | | 28,619 | | | | | | 34,178 | | |
其他综合收益 | | | | | | | | | | | | | |
外币折算
|
| | | | 7 | | | | | | 15 | | |
综合收入总额
|
| | | $ | 28,626 | | | | | $ | 34,193 | | |
每股净收益 - 基本版和稀释版
|
| | | $ | 31.80 | | | | | $ | 37.98 | | |
计算每股净收益时使用的股票
|
| | | | 900 | | | | | | 900 | | |
每股实收资本分配情况
|
| | | $ | — | | | | | $ | 7.57 | | |
| | |
June 30, 2022
|
| |
June 30, 2021
|
| ||||||
所得税拨备
|
| | | $ | 9,423 | | | | | $ | 10,791 | | |
Effective Tax Rate
|
| | | | 25% | | | | | | 24% | | |
法定联邦所得税税率
|
| | | | 21% | | | | | | 21% | | |
($ in thousands, except shares)
|
| |
Year Ended
June 30, 2021 |
| |
Year Ended
June 30, 2020 |
| ||||||
Net Revenues
|
| | | $ | 1,323,567 | | | | | $ | 775,596 | | |
收入成本(不包括折旧和摊销)
|
| | | | 1,140,885 | | | | | | 656,485 | | |
运营费用 | | | | | | | | | | | | | |
分销和履约费用
|
| | | | 56,885 | | | | | | 35,877 | | |
销售、一般和管理费用
|
| | | | 57,250 | | | | | | 50,007 | | |
折旧摊销
|
| | | | 11,651 | | | | | | 15,784 | | |
Transaction Costs
|
| | | | 3,509 | | | | | | — | | |
IC DISC Commissions
|
| | | | 5,394 | | | | | | 8,182 | | |
财产和设备处置损失
|
| | | | 87 | | | | | | — | | |
总运营费用
|
| | | | 134,775 | | | | | | 109,850 | | |
Operating Income
|
| | | | 47,907 | | | | | | 9,261 | | |
Other Expenses | | | | | | | | | | | | | |
Interest Expense, Net
|
| | | | 2,938 | | | | | | 3,524 | | |
Total Other Expenses
|
| | | | 2,938 | | | | | | 3,524 | | |
所得税支出拨备前收入
|
| | | | 44,969 | | | | | | 5,737 | | |
Income Tax Expense
|
| | | | 10,791 | | | | | | 376 | | |
Net Income
|
| | | | 34,178 | | | | | | 5,361 | | |
其他综合收益 | | | | | | | | | | | | | |
外币折算
|
| | | | 15 | | | | | | (318) | | |
综合收入总额
|
| | | $ | 34,193 | | | | | $ | 5,043 | | |
每股净收益 - 基本版和稀释版
|
| | | $ | 37.98 | | | | | $ | 5.96 | | |
计算每股净收益时使用的股票
|
| | | | 900 | | | | | | 900 | | |
每股实收资本分配情况
|
| | | $ | 7.57 | | | | | $ | — | | |
| | |
June 30, 2021
|
| |
June 30, 2020
|
| ||||||
所得税拨备
|
| | | $ | 10,791 | | | | | $ | 376 | | |
Effective Tax Rate
|
| | | | 24% | | | | | | 7% | | |
法定联邦所得税税率
|
| | | | 21% | | | | | | 21% | | |
| | |
September 30
|
| |
June 30
|
| ||||||||||||||||||||||||
(in millions)
|
| |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| |
2020
|
| |||||||||||||||
Revolver Balance
|
| | | $ | 184 | | | | | $ | 126 | | | | | $ | 136 | | | | | $ | 54 | | | | | $ | 46 | | |
Availability
|
| | | | 8 | | | | | | 49 | | | | | | 48 | | | | | | 95 | | | | | | 40 | | |
| | |
Three Months Ended
September 30 |
| |
Year Ended June 30
|
| ||||||||||||||||||||||||
(in thousands)
|
| |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| |
2020
|
| |||||||||||||||
Net Income (Loss).
|
| | | $ | (7,509) | | | | | $ | 5,673 | | | | | $ | 28,619 | | | | | $ | 34,178 | | | | | $ | 5,362 | | |
由经营活动提供(用于)的净现金。
|
| | | | (48,176) | | | | | | (69,879) | | | | | | (83,554) | | | | | | 74,716 | | | | | | 27,390 | | |
Investing Activities
|
| | | | 1 | | | | | | — | | | | | | (50) | | | | | | (66,059) | | | | | | (5,263) | | |
Financing Activities
|
| | | | 47,515 | | | | | | 68,296 | | | | | | 81,038 | | | | | | (5,977) | | | | | | (23,353) | | |
Name
|
| |
Age
|
| |
Position
|
|
Thomas Finke | | |
57
|
| | 董事长兼首席执行官 | |
Paul G. Porter | | |
57
|
| | 首席财务官 | |
W. Tom Donaldson III | | |
44
|
| | Director | |
Frank Quintero | | |
50
|
| | Director | |
Dylan Glenn | | |
52
|
| | Director | |
Beatriz Acevedo-Greiff | | |
53
|
| | Director | |
Individual
|
| |
Entity
|
| |
Entity’s Business
|
| |
Affiliation
|
|
Thomas Finke | | | Invesco Ltd. | | | 投资管理 | | | Director | |
W. Tom Donaldson III
|
| |
Blystone & Donaldson, LLC
军团酿造控股有限责任公司 |
| |
Private investment
酒精饮料制造商 |
| |
Managing Partner
Director |
|
| Group G Holdings LLC | | | 电动割草机 | | | Director | | ||
Frank Quintero | | |
Yucaipa Companies, LLC
BioSig Technologies Inc. 独立体育娱乐 |
| |
Private investment
Medical technology Sports agency |
| |
Principal
咨询委员会成员 Director |
|
Dylan Glen
|
| |
KBBO Americas, L.P.
Intellicheck, Inc. |
| |
Private investment
金融行业的身份验证服务 |
| |
首席执行官
Director |
|
|
古根海姆合伙人
美国行动网络 圣公会高中 Davidson College |
| |
Private investment
Issue advocacy Private school Private college |
| |
董事高级董事总经理
Director Trustee Trustee |
| ||
Beatriz Acevedo-Greiff | | |
Suma Wealth
9th Wonder Agency Acevedo Foundation PocketWatch Silicon Valley Bank 受益国家银行 |
| |
Fin-tech
Marketing agency Latino advocacy Digital media Banking Banking |
| |
Founding Partner
合作伙伴兼董事会成员 Founding Partner Director Board advisor |
|
Individual
|
| |
Entity
|
| |
Entity’s Business
|
| |
Affiliation
|
|
| | | Delta Air Lines | | | Airline | | |
Director
Board Advisor |
|
Martin A. Sumichrast
|
| |
cbdMD, Inc.
华盛顿资本有限责任公司 SFT1, LLC Stone Street Capital,LLC 霸菱全球短期 High Yield Fund, Inc |
| |
消费类CBD产品的生产和销售
Private investment Private investment Private investment 私人投资 |
| |
Chairman and Co-Chief
Executive Officer Managing Director Managing Director Managing Member 提名和治理委员会受托人兼主席 |
|
| 霸菱资本基金信托公司 | | | 私人投资 | | | 提名和治理委员会受托人兼主席 | |
Name
|
| |
Age
|
| |
Position
|
|
Bruce Ogilvie | | |
64
|
| |
董事会执行主席兼AEC董事
|
|
Jeffrey Walker | | |
54
|
| | AEC首席执行官兼董事 | |
John Kutch | | |
56
|
| | 首席财务官和即将退休的董事 | |
Paul Eibeler | | |
66
|
| | COKM子公司、董事董事长 | |
Thomas Finke | | |
57
|
| | 独立董事提名者 | |
W. Tom Donaldson III | | |
45
|
| | 独立董事提名者 | |
Terilea J. Wielenga | | |
63
|
| | 独立董事提名者 | |
Chris Nagelson | | |
55
|
| | 独立董事提名者 | |
Name
|
| |
Base Salary ($)
|
| |
Target Bonus
Percentage (%) |
| ||||||
Bruce Ogilvie
|
| | | | 800,000 | | | | | | 100 | | |
Jeffrey Walker
|
| | | | 800,000 | | | | | | 100 | | |
| | | | | | | | | | | | | | |
企业合并后
|
| |||||||||||||||||||||
| | |
Before the Business
Combination |
| |
Assuming No Redemption
|
| |
Assuming Maximum
Redemption |
| |||||||||||||||||||||||||||
| | |
Number of
Shares of Adara |
| |
Number of Shares of
Combined Company |
| |
Number of Shares of
Combined Company |
| |||||||||||||||||||||||||||
受益人姓名和地址(1)
|
| |
Common Stock
|
| |
%
|
| |
Common Stock
|
| |
%
|
| |
Common Stock
|
| |
%
|
| ||||||||||||||||||
业务合并前Adara的董事和高管:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Thomas Finke(4)
|
| | | | 2,825,000 | | | | | | 19.7% | | | | | | 6,070,000(5) | | | | | | 9.3% | | | | | | 6,070,000(5) | | | | | | 11.0%(4) | | |
Paul G. Porter(3)
|
| | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | — | | | | | | * | | |
W. Tom Donaldson(4)
|
| | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | — | | | | | | * | | |
Frank Quintero(4)
|
| | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | — | | | | | | * | | |
Dylan Glenn(4)
|
| | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | — | | | | | | * | | |
Beatriz Acevedo-Greiff(4)
|
| | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | — | | | | | | * | | |
企业合并前阿达拉集团的所有董事和高管(6人)
|
| | | | 2,825,000 | | | | | | 19.7% | | | | | | 6,070,000(5) | | | | | | 9.3% | | | | | | 6,070,000(5) | | | | | | 11.0% | | |
业务合并前持有Adara 5%股份的股东:
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Adara Sponsor LLC(2)(6)
|
| | | | 2,825,000 | | | | | | 19.7% | | | | | | 6,070,000(5) | | | | | | 9.3% | | | | | | 6,070,000(5) | | | | | | 11.0% | | |
哈德逊湾资本管理公司(7)
|
| | | | 750,000 | | | | | | 5.2% | | | | | | 750,000 | | | | | | 1.2% | | | | | | 750,000 | | | | | | 1.5% | | |
Karpus Management, Inc.(8)
|
| | | | 897,571 | | | | | | 6.2% | | | | | | 897,571 | | | | | | 1.5% | | | | | | 897,571 | | | | | | 1.8% | | |
MMCAP国际公司SPC(9)
|
| | | | 650,000 | | | | | | 4.5% | | | | | | 650,000 | | | | | | 1.1% | | | | | | 650,000 | | | | | | 1.3% | | |
CVI Investments, Inc.(10)
|
| | | | 500,000 | | | | | | 3.5% | | | | | | 500,000 | | | | | | * | | | | | | 500,000 | | | | | | * | | |
企业合并完成后合并后公司的董事和高管
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Bruce Ogilvie(11)(12)(13)
|
| | | | — | | | | | | * | | | | | | 23,750,000 | | | | | | 38.9% | | | | | | 23,750,000 | | | | | | 46.6% | | |
Jeffrey Walker(11)(13)
|
| | | | — | | | | | | * | | | | | | 23,750,000 | | | | | | 38.9% | | | | | | 23,750,000 | | | | | | 46.6% | | |
John Kutch
|
| | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | — | | | | | | * | | |
Paul Eibeler
|
| | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | — | | | | | | * | | |
Terilea J. Wielenga
|
| | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | — | | | | | | * | | |
Chris Nagelson
|
| | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | — | | | | | | * | | |
Thomas Finke
|
| | | | 2,875,000(5) | | | | | | 19.7% | | | | | | 6,070,000(5) | | | | | | 9.3% | | | | | | 6,070,000(5) | | | | | | 11.0% | | |
W. Tom Donaldson
|
| | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | — | | | | | | * | | |
合并后公司的所有董事和高管(8人)
|
| | | | 2,875,000(5) | | | | | | 19.7% | | | | | | 53,570,000(5) | | | | | | 82.3% | | | | | | 53,570,000(5) | | | | | | 97.1% | | |
| | |
Units
|
| |
Common Stock
|
| |
Warrants
|
| |||||||||||||||||||||||||||
Quarter Ended
|
| |
High
|
| |
Low
|
| |
High
|
| |
Low
|
| |
High
|
| |
Low
|
| ||||||||||||||||||
2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
March 31
|
| | | $ | 10.09 | | | | | $ | 9.82 | | | | | $ | 9.90 | | | | | $ | 9.75 | | | | | $ | 0.50 | | | | | $ | 0.23 | | |
June 30
|
| | | $ | 10.09 | | | | | $ | 9.85 | | | | | $ | 9.94 | | | | | $ | 9.80 | | | | | $ | 0.37 | | | | | $ | 0.05 | | |
September 30 | | | | $ | 10.13 | | | | | $ | 9.94 | | | | | $ | 9.97 | | | | | $ | 9.88 | | | | | $ | 0.35 | | | | | $ | 0.12 | | |
December 31 (through November 29, 2022)
|
| | | $ | 10.05 | | | | | $ | 10.02 | | | | | $ | 10.06 | | | | | $ | 9.95 | | | | | $ | 0.19 | | | | | $ | 0.05 | | |
2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
March 31(1) | | | | $ | 10.45 | | | | | $ | 9.72 | | | | | $ | 10.80 | | | | | $ | 9.59 | | | | | $ | 0.62 | | | | | $ | 0.50 | | |
June 30
|
| | | $ | 10.15 | | | | | $ | 9.88 | | | | | $ | 10.00 | | | | | $ | 9.61 | | | | | $ | 1.00 | | | | | $ | 0.43 | | |
September 30
|
| | | $ | 10.11 | | | | | $ | 9.64 | | | | | $ | 9.80 | | | | | $ | 9.61 | | | | | $ | 0.75 | | | | | $ | 0.46 | | |
December 31
|
| | | $ | 10.13 | | | | | $ | 9.96 | | | | | $ | 9.88 | | | | | $ | 9.72 | | | | | $ | 0.61 | | | | | $ | 0.47 | | |
| | |
Page
|
| |||
联盟财务报表 | | | |||||
截至2022年9月30日和2021年9月30日的三个月未经审计的简明综合经营报表
|
| | | | F-2 | | |
截至2022年9月30日和2022年6月30日的未经审计简明合并资产负债表
|
| | | | F-3 | | |
截至2022年和2021年9月30日的三个月未经审计的股东权益简明综合变动表
|
| | | | F-4 | | |
截至2022年9月30日和2021年9月30日的三个月未经审计的现金流量简明合并报表。
|
| | | | F-5 | | |
简明合并财务报表附注(未经审计)
|
| | | | F-6 | | |
独立注册会计师事务所报告
|
| | | | F-15 | | |
截至2022年6月30日、2021年6月30日和2020年6月30日的合并营业和全面收益报表
|
| | | | F-17 | | |
Balance Sheets as of June 30, 2022 and 2021
|
| | | | F-18 | | |
截至2022年6月30日、2021年6月30日和2020年6月30日的合并现金流量表
|
| | | | F-19 | | |
截至2022年6月30日、2021年6月30日和2020年6月30日的股东权益变动表合并报表
|
| | | | F-20 | | |
合并财务报表附注。
|
| | | | F-21 | | |
ADARA财务报表 | | | | | | | |
截至2022年9月30日(未经审计)和2021年12月31日的精简资产负债表。
|
| | | | F-38 | | |
截至2022年9月30日和2021年9月30日的三个月和九个月的简明经营报表(未经审计)
|
| | | | F-39 | | |
截至2022年9月30日和2021年9月30日的三个月和九个月股东赤字变化简明报表
|
| | | | F-40 | | |
截至2022年9月30日和2021年9月30日的三个月和九个月现金流量表(未经审计)
|
| | | | F-41 | | |
简明财务报表附注(未经审计)
|
| | | | F-42 | | |
独立注册会计师事务所报告
|
| | | | F-60 | | |
Balance Sheet as of December 31, 2020 and 2021
|
| | | | F-61 | | |
2020年8月5日(初始)至2020年12月31日及截至2021年12月31日的年度经营报表
|
| | | | F-62 | | |
2020年8月5日(初始)至2020年12月31日及截至2021年12月31日的年度股东权益(赤字)变动表
|
| | | | F-63 | | |
2020年8月5日(初始)至2020年12月31日期间现金流量表和
the year ended December 31, 2021 |
| | | | F-64 | | |
经审计的简明合并财务报表备注
|
| | | | F-65 | | |
($ in thousands)
|
| |
Three Months
Ended September 30, 2022 |
| |
Three Months
Ended September 30, 2021 |
| ||||||
Net Revenues
|
| | | $ | 238,701 | | | | | $ | 293,202 | | |
收入成本(不包括折旧和摊销)
|
| | | | 213,233 | | | | | | 252,483 | | |
运营费用 | | | | | | | | | | | | | |
分销和履约费用
|
| | | | 14,865 | | | | | | 13,260 | | |
销售、一般和管理费用
|
| | | | 14,731 | | | | | | 13,778 | | |
折旧摊销
|
| | | | 1,636 | | | | | | 2,309 | | |
Transaction Costs
|
| | | | 640 | | | | | | (316) | | |
IC DISC Commissions
|
| | | | 1,389 | | | | | | 3,496 | | |
总运营费用
|
| | | | 33,261 | | | | | | 32,527 | | |
Operating (Loss) Income
|
| | | | (7,793) | | | | | | 8,192 | | |
Other Expenses | | | | | | | | | | | | | |
Interest Expense, Net
|
| | | | 2,354 | | | | | | 728 | | |
Total Other Expenses
|
| | | | 2,354 | | | | | | 728 | | |
所得税(福利)费用前收入(亏损)
|
| | | | (10,147) | | | | | | 7,464 | | |
所得税(福利)费用
|
| | | | (2,638) | | | | | | 1,791 | | |
Net (Loss) Income
|
| | | | (7,509) | | | | | | 5,673 | | |
每股净(亏损)收益 - 基本版和稀释版
|
| | | $ | (8.34) | | | | | $ | 6.30 | | |
用于计算每股净(亏损)收益的股份
|
| | | | 900 | | | | | | 900 | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
Assets | | | | | | | | | | | | | |
Current Assets | | | | | | | | | | | | | |
现金和现金等价物
|
| | | $ | 809 | | | | | $ | 1,469 | | |
Trade Receivables, Net
|
| | | | 93,347 | | | | | | 98,699 | | |
应收关联方
|
| | | | — | | | | | | 245 | | |
Inventory, Net
|
| | | | 286,943 | | | | | | 249,439 | | |
Other Current Assets
|
| | | | 10,438 | | | | | | 9,128 | | |
Total Current Assets
|
| | | | 391,537 | | | | | | 358,980 | | |
财产和设备,净额
|
| | | | 6,283 | | | | | | 3,284 | | |
经营性租赁使用权资产
|
| | | | 7,263 | | | | | | 8,360 | | |
Goodwill
|
| | | | 81,903 | | | | | | 79,903 | | |
Intangibles, Net
|
| | | | 26,782 | | | | | | 18,764 | | |
Other Long-Term Assets
|
| | | | 371 | | | | | | 3,748 | | |
应收递延所得税
|
| | | | 2,804 | | | | | | — | | |
Total Assets
|
| | | $ | 516,943 | | | | | $ | 473,039 | | |
负债和股东权益 | | | | | | | | | | | | | |
流动负债 | | | | | | | | | | | | | |
Accounts Payable
|
| | | $ | 200,934 | | | | | $ | 198,187 | | |
Accrued Expenses
|
| | | | 14,274 | | | | | | 11,573 | | |
经营租赁债务的当前部分
|
| | | | 4,268 | | | | | | 4,453 | | |
循环信贷安排,净额
|
| | | | — | | | | | | 135,968 | | |
Income Taxes Payable
|
| | | | — | | | | | | 418 | | |
流动负债总额
|
| | | | 219,476 | | | | | | 350,599 | | |
循环信贷安排,净额
|
| | | | 183,524 | | | | | | — | | |
Debt, Non- Current
|
| | | | 3,377 | | | | | | 3,377 | | |
经营性租赁债务,非流动
|
| | | | 3,876 | | | | | | 4,864 | | |
Deferred Tax Liability
|
| | | | 5,271 | | | | | | 5,271 | | |
Total Liabilities
|
| | | | 415,524 | | | | | | 364,111 | | |
承付款和或有事项(附注12) | | | | | | | | | | | | | |
Stockholders’ Equity | | | | | | | | | | | | | |
普通股:无面值,授权1000股
发行957股,截至 未偿还900股 September 30, 2022, and June 30, 2022 |
| | | | | | | | | | | | |
Paid In Capital
|
| | | | 40,000 | | | | | | 40,000 | | |
库存股,57股按成本价持有
|
| | | | (2,674) | | | | | | (2,674) | | |
累计其他综合损失
|
| | | | (66) | | | | | | (66) | | |
Retained Earnings
|
| | | | 64,159 | | | | | | 71,668 | | |
股东权益合计
|
| | | | 101,419 | | | | | | 108,928 | | |
总负债和股东权益
|
| | | $ | 516,943 | | | | | $ | 473,039 | | |
($ in thousands)
|
| |
Common
Stock Shares Issued |
| |
Paid In
Capital |
| |
Cost of
Treasury Stock |
| |
Accumulated
Other Comprehensive Loss |
| |
Retained
Earnings |
| |
Total
|
| ||||||||||||||||||
Balances at June 30, 2022
|
| | | | 900 | | | | | $ | 40,000 | | | | | $ | (2,674) | | | | | $ | (66) | | | | | $ | 71,668 | | | | | $ | 108,928 | | |
Net Loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (7,509) | | | | | | (7,509) | | |
Balances at September 30, 2022
|
| | | | 900 | | | | | $ | 40,000 | | | | | $ | (2,674) | | | | | $ | (66) | | | | | $ | 64,159 | | | | | $ | 101,419 | | |
($ in thousands)
|
| |
Common
Stock Shares Issued |
| |
Paid In
Capital |
| |
Cost of
Treasury Stock |
| |
Accumulated
Other Comprehensive Loss |
| |
Retained
Earnings |
| |
Total
|
| ||||||||||||||||||
Balances at June 30, 2021
|
| | | | 900 | | | | | $ | 40,000 | | | | | $ | (2,674) | | | | | $ | (73) | | | | | $ | 43,049 | | | | | $ | 80,302 | | |
Net Income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,673 | | | | | | 5,673 | | |
Balances at September 30, 2021
|
| | | | 900 | | | | | $ | 40,000 | | | | | $ | (2,674) | | | | | $ | (73) | | | | | $ | 48,722 | | | | | $ | 85,975 | | |
($ in thousands)
|
| |
Three Months
Ended September 30, 2022 |
| |
Three Months
Ended September 30, 2021 |
| ||||||
经营活动现金流: | | | | | | | | | | | | | |
Net (Loss) Income
|
| | | $ | (7,509) | | | | | $ | 5,673 | | |
将净收入与
对帐的调整
|
| | | | | | | | | | | | |
经营活动提供(使用)的现金:
|
| | | | | | | | | | | | |
财产和设备折旧
|
| | | | 622 | | | | | | 1,018 | | |
无形资产摊销
|
| | | | 1,014 | | | | | | 1,291 | | |
递延融资成本摊销(计入利息)
|
| | | | 208 | | | | | | 42 | | |
Bad Debt Expense
|
| | | | 178 | | | | | | 135 | | |
资产和负债经收购后的净额变化
|
| | | | | | | | | | | | |
Trade Receivables
|
| | | | 8,462 | | | | | | 4,515 | | |
应收关联方
|
| | | | 245 | | | | | | 782 | | |
Inventory
|
| | | | (27,025) | | | | | | (59,960) | | |
应付所得税\应收款项
|
| | | | (3,226) | | | | | | (1,096) | | |
经营性租赁使用权资产
|
| | | | 1,097 | | | | | | 970 | | |
经营租赁义务
|
| | | | (5,216) | | | | | | (1,438) | | |
Other Assets
|
| | | | 2,345 | | | | | | (3,779) | | |
Accounts Payable
|
| | | | (21,848) | | | | | | (20,817) | | |
Accrued Expenses
|
| | | | 2,477 | | | | | | 2,788 | | |
经营活动中使用的净现金
|
| | | | (48,176) | | | | | | (69,879) | | |
投资活动现金流: | | | | | | | | | | | | | |
为企业收购支付的现金,扣除收购现金后的净额
|
| | | | 1 | | | | | | — | | |
投资活动提供的净现金
|
| | | | 1 | | | | | | — | | |
融资活动的现金流: | | | | | | | | | | | | | |
Payments on Seller Notes
|
| | | | — | | | | | | (3,750) | | |
循环信贷安排付款
|
| | | | (230,934) | | | | | | (281,665) | | |
循环信贷借款
|
| | | | 278,449 | | | | | | 353,711 | | |
融资活动提供的净现金
|
| | | | 47,515 | | | | | | 68,296 | | |
现金和现金等价物净减少
|
| | |
|
(660)
|
| | | |
|
(1,583)
|
| |
期初现金
|
| | |
|
1,469
|
| | | |
|
4,028
|
| |
Cash, End of the Period
|
| | | $ | 809 | | | | | $ | 2,445 | | |
现金流量信息补充披露 | | | | | | | | | | | | | |
Cash Paid for Interest
|
| | | $ | 2,013 | | | | | $ | 715 | | |
缴纳所得税的现金
|
| | | | 293 | | | | | | 4,028 | | |
非现金投资活动补充披露 | | | | | | | | | | | | | |
以债务融资的固定资产
|
| | | | 3,377 | | | | | | — | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
Trade receivables
|
| | | $ | 96,398 | | | | | $ | 101,064 | | |
Less: | | | | | | | | | | | | | |
坏账准备
|
| | | | (667) | | | | | | (558) | | |
销售退货准备金,净额
|
| | | | (1,761) | | | | | | (1,898) | | |
客户返利和折扣准备金
|
| | | | (623) | | | | | | 90 | | |
Total Allowances
|
| | | | (3,051) | | | | | | (2,366) | | |
Trade Receivables, Net
|
| | | $ | 93,347 | | | | | $ | 98,698 | | |
($ in thousands)
|
| |
Three Months
Ended September 30, 2022 |
| |
Three Months
Ended September 30, 2021 |
| ||||||
Customer #1
|
| | | | 20.5% | | | | | | 21.8% | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
Customer #1
|
| | | | 14.5% | | | | | | 21.4% | | |
Customer #2
|
| | | | 11.0% | | | | | | — | | |
Customer #3
|
| | | | 10.4% | | | | | | 14.2% | | |
Total
|
| | | | 35.9% | | | | | | 35.6% | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
Inventory
|
| | | $ | 293,528 | | | | | $ | 255,236 | | |
Less: Reserves
|
| | | | (6,584) | | | | | | (5,797) | | |
Inventory, Net
|
| | | $ | 286,943 | | | | | $ | 249,439 | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
Other Assets – Current | | | | | | | | | | | | | |
预付知识产权
|
| | | $ | 2,445 | | | | | $ | 2,443 | | |
Prepaid Insurance
|
| | | | 5 | | | | | | 431 | | |
Prepaid Acquisitions
|
| | | | 2,373 | | | | | | 2,243 | | |
Prepaid Freight
|
| | | | 475 | | | | | | 216 | | |
预付制造组件
|
| | | | 14 | | | | | | 79 | | |
Prepaid Rent
|
| | | | 817 | | | | | | | | |
Prepaid Maintenance
|
| | | | 1,072 | | | | | | 885 | | |
预付运输用品
|
| | | | 3,237 | | | | | | 2,832 | | |
Total Other Assets – Current
|
| | | $ | 10,438 | | | | | $ | 9,129 | | |
Other Assets – Long Term | | | | | | | | | | | | | |
Deposits
|
| | | $ | 371 | | | | | $ | 3,748 | | |
Total Other Assets – Long Term
|
| | | $ | 371 | | | | | $ | 3,748 | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
财产和设备 | | | | | | | | | | | | | |
租赁改进
|
| | | $ | 1,680 | | | | | $ | 1,680 | | |
机械设备
|
| | | | 19,440 | | | | | | 19,440 | | |
Furniture and Fixtures
|
| | | | 3,530 | | | | | | 3,530 | | |
Capitalized Software
|
| | | | 11,452 | | | | | | 11,451 | | |
资本租赁项下的设备
|
| | | | 12,917 | | | | | | 12,917 | | |
Computer Equipment
|
| | | | 2,662 | | | | | | 2,662 | | |
施工中
|
| | | | 3,775 | | | | | | 154 | | |
| | | | | 55,456 | | | | | | 51,834 | | |
减去:累计折旧和摊销
|
| | | | (49,173) | | | | | | (48,550) | | |
总财产和设备,净额
|
| | | $ | 6,283 | | | | | $ | 3,284 | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
Goodwill:
|
| | | $ | 79,903 | | | | | $ | 79,903 | | |
Additions to Goodwill
|
| | | | 2,000 | | | | | | | | |
Goodwill
|
| | | $ | 81,903 | | | | | $ | 79,903 | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
可识别无形资产: | | | | | | | | | | | | | |
客户关系
|
| | | $ | 19,974 | | | | | $ | 14,633 | | |
Trade Name – Alliance
|
| | | | 380 | | | | | | 634 | | |
Covenant Not to Compete
|
| | | | 3 | | | | | | 4 | | |
麦加客户关系
|
| | | | 3,357 | | | | | | 3.932 | | |
Customer List
|
| | | | 4,082 | | | | | | 4,724 | | |
Total
|
| | | $ | 27,796 | | | | | $ | 23,927 | | |
累计摊销
|
| | | | (1,014) | | | | | | (1,291) | | |
Intangible Assets, Net
|
| | | $ | 26,782 | | | | | $ | 22,636 | | |
($ in thousands)
|
| |
Intangible
Assets |
| |||
Year Ended June 30 | | | | | | | |
2023
|
| | | $ | 3,795 | | |
2024
|
| | | | 4,223 | | |
2025
|
| | | | 3,651 | | |
2026
|
| | | | 3,339 | | |
2027
|
| | | | 3,289 | | |
Thereafter
|
| | | | 8,485 | | |
预计摊销总额
|
| | | $ | 26,782 | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
营销资金应计项目
|
| | | $ | 1,519 | | | | | $ | 2,738 | | |
工资和工资税应计项目
|
| | | | 3,590 | | | | | | 3,904 | | |
Accrued ICDISC
|
| | | | 5,148 | | | | | | 3,759 | | |
其他费用的应计项目
|
| | | | 4,017 | | | | | | 1,172 | | |
Total Accrued Expenses
|
| | | $ | 14,274 | | | | | $ | 11,573 | | |
($ in thousands)
|
| |
September 30,
2022 |
| |
June 30,
2022 |
| ||||||
美国银行循环信贷协议
|
| | | $ | 183,691 | | | | | $ | 136,176 | | |
减去:递延财务成本
|
| | | | (167) | | | | | | (208) | | |
Revolving Credit, Net
|
| | | $ | 183,524 | | | | | $ | 135,968 | | |
($ in thousands)
|
| |
Three Months
Ended September 30, 2022 |
| |
Three Months
Ended September 30, 2021 |
| ||||||
Lease cost | | | | | | | | | | | | | |
Finance Lease Costs:
|
| | | | | | | | | | | | |
使用权资产摊销
|
| | | $ | 51 | | | | | $ | 296 | | |
租赁负债利息
|
| | | | 4 | | | | | | 10 | | |
资本化经营租赁成本
|
| | | | 1,095 | | | | | | 1,131 | | |
Short Term Lease Cost
|
| | | | 1 | | | | | | — | | |
Total Lease Cost
|
| | | $ | 1,151 | | | | | $ | 1,438 | | |
Other Information | | | | | | | | | | | | | |
租赁负债计量中包含的金额支付的现金: | | | | | | | | | | | | | |
融资租赁的营运现金流
|
| | | $ | — | | | | | $ | 12 | | |
资本化经营租赁产生的营运现金流
|
| | | | 1,176 | | | | | | 1,179 | | |
融资租赁产生的现金流
|
| | | | — | | | | | | 489 | | |
Net ROU Remeasurement
|
| | | | — | | | | | | 108 | | |
| | |
Three Months
Ended September 30, 2022 |
| |
Three Months
Ended September 30, 2022 |
| ||||||
加权平均剩余租赁期限 - 融资租赁(年)
|
| | | | 1.83 | | | | | | 1.83 | | |
加权平均剩余租期 - 资本化经营租赁(年)
|
| | | | 2.13 | | | | | | 3.00 | | |
加权平均贴现率 - 融资租赁
|
| | | | 3.70 | | | | | | 3.59 | | |
加权平均贴现率 - 资本化经营租赁
|
| | | | 4.10 | | | | | | 4.09 | | |
($ in thousands)
|
| |
Operating
Leases |
| |||
2023
|
| | | | 4,244 | | |
2024
|
| | | | 3,780 | | |
2025
|
| | | | 624 | | |
2026
|
| | | | 99 | | |
Total Lease Payments
|
| | | | 8,747 | | |
Less Imputed Interest
|
| | | | (357) | | |
Total
|
| | | $ | 8,390 | | |
($ in thousands)
|
| |
Three Months Ended
September 30, 2022 |
| |||
Revenue | | | | $ | 3,819 | | |
Net Loss
|
| | | | (273) | | |
($ in thousands)
|
| | | | | | |
Cash Acquired
|
| | | $ | 1 | | |
Trade Receivables
|
| | | | 3,289 | | |
Inventory
|
| | | | 10,479 | | |
Goodwill
|
| | | | 2,000 | | |
Intangibles
|
| | | | 9,031 | | |
Other Assets
|
| | | | 19 | | |
Accounts Payable
|
| | | | (24,819) | | |
Total Purchase Price
|
| | | $ | — | | |
($ in thousands, except shares)
|
| |
Year Ended
June 30, 2022 |
| |
Year Ended
June 30, 2021 |
| |
Year Ended
June 30, 2020 |
| |||||||||
Net Revenues
|
| | | $ | 1,417,377 | | | | | $ | 1,323,567 | | | | | $ | 775,596 | | |
收入成本(不包括折旧和摊销)
|
| | | | 1,234,995 | | | | | | 1,140,885 | | | | | | 656,485 | | |
运营费用 | | | | | | | | | | | | | | | | | | | |
分销和履约费用
|
| | | | 64,260 | | | | | | 56,885 | | | | | | 35,877 | | |
销售、一般和管理费用
|
| | | | 58,110 | | | | | | 57,249 | | | | | | 50,007 | | |
折旧摊销
|
| | | | 8,259 | | | | | | 11,651 | | | | | | 15,784 | | |
Transaction Costs
|
| | | | (251) | | | | | | 3,509 | | | | | | — | | |
IC DISC Commissions
|
| | | | 9,907 | | | | | | 5,394 | | | | | | 8,182 | | |
财产和设备处置损失
|
| | | | — | | | | | | 87 | | | | | | — | | |
总运营费用
|
| | | | 140,285 | | | | | | 134,775 | | | | | | 109,850 | | |
Operating Income
|
| | | | 42,098 | | | | | | 47,907 | | | | | | 9,261 | | |
Other Expenses | | | | | | | | | | | | | | | | | | | |
Interest Expense, Net
|
| | | | 4,056 | | | | | | 2,938 | | | | | | 3,524 | | |
Total Other Expenses
|
| | | | 4,056 | | | | | | 2,938 | | | | | | 3,524 | | |
所得税支出拨备前收入
|
| | | | 38,042 | | | | | | 44,969 | | | | | | 5,737 | | |
Income Tax Expense
|
| | | | 9,423 | | | | | | 10,791 | | | | | | 376 | | |
Net Income
|
| | | | 28,619 | | | | | | 34,178 | | | | | | 5,361 | | |
其他综合收益 | | | | | | | | | | | | | | | | | | | |
外币折算
|
| | | | 7 | | | | | | 15 | | | | | | (318) | | |
综合收入总额
|
| | | $ | 28,626 | | | | | | 34,193 | | | | | | 5,043 | | |
每股净收益 - 基本版和稀释版
|
| | | $ | 31.80 | | | | | $ | 37.98 | | | | | $ | 5.96 | | |
计算每股净收益时使用的股票
|
| | | | 900 | | | | | | 900 | | | | | | 900 | | |
每股实收资本分配情况
|
| | | $ | — | | | | | $ | 7.57 | | | | | $ | — | | |
($ in thousands)
|
| |
June 30, 2022
|
| |
June 30, 2021
|
| ||||||
Assets | | | | | | | | | | | | | |
Current Assets | | | | | | | | | | | | | |
现金和现金等价物
|
| | | $ | 1,469 | | | | | $ | 4,028 | | |
Trade Receivables, Net
|
| | | | 98,699 | | | | | | 111,332 | | |
应收关联方
|
| | | | 245 | | | | | | 1,476 | | |
Inventory, Net
|
| | | | 249,439 | | | | | | 141,661 | | |
Other Current Assets
|
| | | | 9,128 | | | | | | 7,287 | | |
Total Current Assets
|
| | | | 358,980 | | | | | | 265,784 | | |
财产和设备,净额
|
| | | | 3,284 | | | | | | 6,330 | | |
经营性租赁使用权资产
|
| | | | 8,360 | | | | | | 12,658 | | |
Goodwill
|
| | | | 79,903 | | | | | | 79,903 | | |
Intangibles, Net
|
| | | | 18,764 | | | | | | 23,927 | | |
Other Long-Term Assets
|
| | | | 3,748 | | | | | | 361 | | |
Total Assets
|
| | | $ | 473,039 | | | | | $ | 388,963 | | |
负债和股东权益 | | | | | | | | | | | | | |
流动负债 | | | | | | | | | | | | | |
Accounts Payable
|
| | | $ | 198,187 | | | | | $ | 214,332 | | |
Accrued Expenses
|
| | | | 11,573 | | | | | | 13,555 | | |
融资租赁债务的当期部分
|
| | | | — | | | | | | 811 | | |
经营租赁债务的当前部分
|
| | | | 4,453 | | | | | | 4,622 | | |
Seller Note, Current
|
| | | | — | | | | | | 3,000 | | |
Income Taxes Payable
|
| | | | 418 | | | | | | 2,286 | | |
循环信贷安排,净额
|
| | | | 135,968 | | | | | | — | | |
流动负债总额
|
| | | | 350,599 | | | | | | 238,606 | | |
循环信贷安排,净额
|
| | | | — | | | | | | 53,580 | | |
Debt, Non-Current
|
| | | | 3,377 | | | | | | | | |
Seller Note, Non-Current
|
| | | | — | | | | | | 750 | | |
经营租赁义务
|
| | | | 4,864 | | | | | | 9,277 | | |
Deferred Tax Liability
|
| | | | 5,271 | | | | | | 6,448 | | |
Total Liabilities
|
| | | | 364,111 | | | | | | 308,661 | | |
承付款和或有事项(注11) | | | | | | | | | | | | | |
Stockholders’ Equity | | | | | | | | | | | | | |
普通股:无面值,授权1,000股
|
| | | | | | | | | | | | |
发行了957股,截至2022年6月30日和2021年6月30日已发行900股
|
| | | | | | | | | | | | |
Paid In Capital
|
| | | | 40,000 | | | | | | 40,000 | | |
库存股,57股按成本价持有
|
| | | | (2,674) | | | | | | (2,674) | | |
累计其他综合损失
|
| | | | (66) | | | | | | (73) | | |
Retained Earnings
|
| | | | 71,668 | | | | | | 43,049 | | |
股东权益合计
|
| | | | 108,928 | | | | | | 80,302 | | |
总负债和股东权益
|
| | | $ | 473,039 | | | | | $ | 388,963 | | |
($ in thousands)
|
| |
Year Ended
June 30, 2022 |
| |
Year Ended
June 30, 2021 |
| |
Year Ended
June 30, 2020 |
| |||||||||
经营活动现金流: | | | | | | | | | | | | | | | | | | | |
Net Income
|
| | | $ | 28,619 | | | | | $ | 34,178 | | | | | $ | 5,361 | | |
将净收入与
对帐的调整
|
| | | | | | | | | | | | | | | | | | |
经营活动提供(使用)的现金:
|
| | | | | | | | | | | | | | | | | | |
财产和设备折旧
|
| | | | 3,096 | | | | | | 5,623 | | | | | | 7,124 | | |
无形资产摊销
|
| | | | 5,163 | | | | | | 5,772 | | | | | | 8,660 | | |
递延融资成本摊销(计入利息)
|
| | | | 165 | | | | | | 334 | | | | | | 358 | | |
Bad Debt Expense
|
| | | | 496 | | | | | | 225 | | | | | | 155 | | |
Deferred Income Taxes
|
| | | | (1,177) | | | | | | 1,543 | | | | | | 1,286 | | |
固定资产处置损失
|
| | | | — | | | | | | 87 | | | | | | — | | |
资产和负债经收购后的净额变化
|
| | | | | | | | | | | | | | | | | | |
Trade Receivables
|
| | | | 12,138 | | | | | | 8,053 | | | | | | 13,684 | | |
应收关联方
|
| | | | 1,231 | | | | | | 157 | | | | | | (1,633) | | |
Inventory
|
| | | | (107,778) | | | | | | (8,617) | | | | | | 35,821 | | |
应付所得税\应收款项
|
| | | | (1,867) | | | | | | 4,453 | | | | | | (1,187) | | |
经营性租赁使用权资产
|
| | | | 4,299 | | | | | | (817) | | | | | | 3,137 | | |
经营租赁义务
|
| | | | (4,583) | | | | | | 664 | | | | | | (3,284) | | |
Other Assets
|
| | | | (5,230) | | | | | | 1,980 | | | | | | 3,228 | | |
Accounts Payable
|
| | | | (16,146) | | | | | | 18,686 | | | | | | (38,761) | | |
Accrued Expenses
|
| | | | (1,980) | | | | | | 2,395 | | | | | | (6,560) | | |
经营活动提供(使用)的净现金
|
| | | | (83,554) | | | | | | 74,718 | | | | | | 27,391 | | |
投资活动现金流: | | | | | | | | | | | | | | | | | | | |
Capital Expenditures
|
| | | | (50) | | | | | | (650) | | | | | | (2,702) | | |
为企业收购支付的现金,扣除现金后的净额
Acquired |
| | | | — | | | | | | (65,409) | | | | | | (2,561) | | |
用于投资活动的净现金
|
| | | | (50) | | | | | | (66,059) | | | | | | (5,263) | | |
融资活动的现金流: | | | | | | | | | | | | | | | | | | | |
Payments on Seller Notes
|
| | | | (3,750) | | | | | | (4,750) | | | | | | — | | |
循环信贷安排付款
|
| | | | (1,346,442) | | | | | | (1,310,333) | | | | | | (724,783) | | |
循环信贷借款
|
| | | | 1,428,664 | | | | | | 1,318,518 | | | | | | 698,670 | | |
融资租赁付款
|
| | | | (811) | | | | | | (2,101) | | | | | | (2,478) | | |
Proceeds from Debt
|
| | | | 3,377 | | | | | | — | | | | | | 1,378 | | |
Capital Dividends
|
| | | | — | | | | | | (6,811) | | | | | | — | | |
Capital Contribution
|
| | | | — | | | | | | — | | | | | | 3,860 | | |
延期融资成本
|
| | | | — | | | | | | (500) | | | | | | — | | |
融资活动提供(使用)的净现金
|
| | | | 81,038 | | | | | | (5,977) | | | | | | (23,353) | | |
现金和现金等价物净增(减)
|
| | |
|
(2,566)
|
| | | |
|
2,682
|
| | | |
|
(1,225)
|
| |
货币换算对现金和现金等价物的净影响
|
| | |
|
7
|
| | | |
|
15
|
| | | |
|
(318)
|
| |
期初现金
|
| | |
|
4,028
|
| | | |
|
1,331
|
| | | |
|
2,874
|
| |
Cash, End of the Period
|
| | | $ | 1,469 | | | | | $ | 4,028 | | | | | $ | 1,331 | | |
现金流量信息补充披露 | | | | | | | | | | | | | | | | | | | |
Cash Paid for Interest
|
| | | $ | 2,878 | | | | | $ | 2,079 | | | | | $ | 3,272 | | |
缴纳所得税的现金
|
| | | $ | 9,345 | | | | | $ | 6,540 | | | | | $ | 362 | | |
非现金投资活动补充披露 | | | | | | | | | | | | | | | | | | | |
根据资本租赁购得的财产和设备
|
| | | $ | — | | | | | $ | — | | | | | $ | 1,378 | | |
出具与收购相关的卖方票据
|
| | | $ | — | | | | | $ | 8,500 | | | | | $ | — | | |
PPP Loan Forgiveness
|
| | | $ | — | | | | | $ | 1,740 | | | | | $ | — | | |
($ in thousands)
|
| |
Common
Stock Shares Issued |
| |
Paid In
Capital |
| |
Cost of
Treasury Stock |
| |
Accumulated
Other Comprehensive Income (Loss) |
| |
Retained
Earnings |
| |
Total
|
| ||||||||||||||||||
Balances at June 30, 2019
|
| | | | 900 | | | | | $ | 42,951 | | | | | $ | (2,675) | | | | | $ | 230 | | | | | $ | 3,510 | | | | | $ | 44,016 | | |
其他综合收益 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
货币折算调整
|
| | | | — | | | | | | — | | | | | | — | | | | | | (318) | | | | | | — | | | | | | (318) | | |
Capital Contribution
|
| | | | — | | | | | | 3,860 | | | | | | — | | | | | | — | | | | | | — | | | | | | 3,860 | | |
Net Income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,361 | | | | | | 5,361 | | |
Balances at June 30, 2020
|
| | | | 900 | | | | | $ | 46,811 | | | | | $ | (2,675) | | | | | $ | (88) | | | | | $ | 8,871 | | | | | $ | 52,919 | | |
其他综合收益 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
货币折算调整
|
| | | | — | | | | | | — | | | | | | — | | | | | | 15 | | | | | | — | | | | | | 15 | | |
实收资本分配情况
|
| | | | — | | | | | | (6,811) | | | | | | — | | | | | | — | | | | | | — | | | | | | (6,811) | | |
购买库存股
|
| | | | — | | | | | | — | | | | | | 1 | | | | | | — | | | | | | — | | | | | | 1 | | |
Net Income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 34,178 | | | | | | 34,178 | | |
Balances at June 30, 2021
|
| | | | 900 | | | | | $ | 40,000 | | | | | $ | (2,674) | | | | | $ | (73) | | | | | $ | 43,049 | | | | | $ | 80,302 | | |
货币折算调整
|
| | | | — | | | | | | — | | | | | | — | | | | | | 7 | | | | | | — | | | | | | 7 | | |
Net Income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 28,619 | | | | | | 28,619 | | |
Balances at June 30, 2022
|
| | | | 900 | | | | | $ | 40,000 | | | | | $ | (2,674) | | | | | $ | (66) | | | | | $ | 71,668 | | | | | $ | 108,928 | | |
Asset Class
|
| |
Useful Life
|
|
租赁改进
|
| | 5 – 10 years | |
机械设备
|
| | 3 – 7 years | |
Furniture and Fixtures
|
| | 5 – 7 years | |
Capitalized Software
|
| | 1 – 3 years | |
资本租赁项下的设备
|
| | 5 years | |
Computer Equipment
|
| | 2 – 5 years | |
($ in thousands)
|
| |
June 30, 2022
|
| |
June 30, 2021
|
| ||||||
Trade receivables
|
| | | $ | 101,064 | | | | | $ | 115,618 | | |
Less: | | | | | | | | | | | | | |
坏账准备
|
| | | | (558) | | | | | | (1,145) | | |
销售退货准备金,净额
|
| | | | (1,898) | | | | | | (2,975) | | |
客户返利和折扣准备金
|
| | | | 90 | | | | | | (166) | | |
Total Allowances
|
| | | | (2,366) | | | | | | (4,286) | | |
Trade Receivables, Net
|
| | | $ | 98,699 | | | | | $ | 111,332 | | |
| | |
Year Ended
|
| |||||||||||||||
($ in thousands)
|
| |
June 30, 2022
|
| |
June 30, 2021
|
| |
June 30, 2020
|
| |||||||||
Customer #1
|
| | | | 23.6% | | | | | | 23.7% | | | | | | 19.6% | | |
($ in thousands)
|
| |
June 30, 2022
|
| |
June 30, 2021
|
| ||||||
Customer #1
|
| | | | 21.4% | | | | | | 12.2% | | |
Customer #2
|
| | | | 14.2% | | | | | | * | | |
($ in thousands)
|
| |
June 30, 2022
|
| |
June 30, 2021
|
| ||||||
Inventory
|
| | | $ | 255,236 | | | | | $ | 145,740 | | |
Less: Reserves
|
| | | | (5,797) | | | | | | (4,079) | | |
Inventory, Net
|
| | | $ | 249,439 | | | | | $ | 141,661 | | |
($ in thousands)
|
| |
June 30, 2022
|
| |
June 30, 2021
|
| ||||||
Other Assets – Current | | | | | | | | | | | | | |
预付知识产权
|
| | | $ | 2,443 | | | | | $ | 3,411 | | |
Prepaid Insurance
|
| | | | 431 | | | | | | 2,011 | | |
Prepaid Acquisitions
|
| | | | 2,243 | | | | | | — | | |
Prepaid Freight
|
| | | | 216 | | | | | | | | |
预付制造组件
|
| | | | 79 | | | | | | 167 | | |
Prepaid Maintenance
|
| | | | 885 | | | | | | 165 | | |
预付运输用品
|
| | | | 2,832 | | | | | | 1,533 | | |
Total Other Assets – Current
|
| | | $ | 9,129 | | | | | $ | 7,287 | | |
Other Assets – Long Term | | | | | | | | | | | | | |
Deposits
|
| | | $ | 3,748 | | | | | $ | 361 | | |
Total Other Assets – Long Term
|
| | | $ | 3,748 | | | | | $ | 361 | | |
($ in thousands)
|
| |
June 30, 2022
|
| |
June 30, 2021
|
| ||||||
财产和设备 | | | | | | | | | | | | | |
租赁改进
|
| | | $ | 1,680 | | | | | $ | 1,597 | | |
机械设备
|
| | | | 19,440 | | | | | | 19,236 | | |
Furniture and Fixtures
|
| | | | 3,530 | | | | | | 2,622 | | |
Capitalized Software
|
| | | | 11,451 | | | | | | 11,422 | | |
资本租赁项下的设备
|
| | | | 12,917 | | | | | | 12,917 | | |
Computer Equipment
|
| | | | 2,662 | | | | | | 2,665 | | |
施工中
|
| | | | 154 | | | | | | 104 | | |
| | | | | 51,834 | | | | | | 50,563 | | |
减去:累计折旧和摊销
|
| | | | (48,550) | | | | | | (44,233) | | |
总财产和设备,净额
|
| | | $ | 3,284 | | | | | $ | 6,330 | | |
($ in thousands)
|
| |
Life
(in yrs.) |
| |
Amortization
Year Ended June 30, 2021 |
| |
June 30,
2021 |
| |
Amortization
Year Ended June 30, 2022 |
| |
June 30,
2022 |
| ||||||||||||
可识别无形资产: | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
客户关系
|
| |
15
|
| | | $ | (4,331) | | | | | $ | 14,633 | | | | | $ | (3,690) | | | | | $ | 10,943 | | |
Trade Name – Alliance
|
| |
10
|
| | | | (382) | | | | | | 634 | | | | | | (254) | | | | | | 380 | | |
Covenant Not to Compete
|
| |
7
|
| | | | (1) | | | | | | 4 | | | | | | (1) | | | | | | 3 | | |
麦加客户关系
|
| |
15
|
| | | | (575) | | | | | | 3,932 | | | | | | (575) | | | | | | 3,357 | | |
Customer List
|
| |
10 – 15
|
| | | | (739) | | | | | | 4,724 | | | | | | (643) | | | | | | 4,081 | | |
可识别无形资产总额:
|
| | | | | | $ | (6,028) | | | | | $ | 23,927 | | | | | $ | (5,163) | | | | | $ | 18,764 | | |
($ in thousands)
|
| |
Intangible
Assets |
| |||
Year Ended June 30 | | | | | | | |
2023
|
| | | $ | 4,056 | | |
2024
|
| | | | 3,470 | | |
2025
|
| | | | 2,898 | | |
2026
|
| | | | 2,586 | | |
2027
|
| | | | 2,536 | | |
Thereafter
|
| | | | 3,218 | | |
预计摊销总额
|
| | | $ | 18,764 | | |
($ in thousands)
|
| |
June 30, 2022
|
| |
June 30, 2021
|
| ||||||
营销资金应计项目
|
| | | $ | 2,738 | | | | | $ | 1,294 | | |
工资和工资税应计项目
|
| | | | 3,904 | | | | | | 6,833 | | |
其他费用的应计项目
|
| | | | 4,931 | | | | | | 5,428 | | |
Total Accrued Expenses
|
| | | $ | 11,573 | | | | | $ | 13,555 | | |
($ in thousands)
|
| |
June 30, 2022
|
| |
June 30, 2021
|
| ||||||
美国银行循环信贷协议
|
| | | $ | 136,176 | | | | | $ | 53,955 | | |
减去:递延财务成本
|
| | | | (208) | | | | | | (375) | | |
Revolving Credit, Net
|
| | | $ | 135,968 | | | | | $ | 53,580 | | |
| | |
Year Ended June 30
|
| |||||||||||||||
(In thousands)
|
| |
2022
|
| |
2021
|
| |
2020
|
| |||||||||
所得税费用(福利): | | | | | | | | | | | | | | | | | | | |
Current:
|
| | | | | | | | | | | | | | | | | | |
Federal
|
| | | $ | 7,937 | | | | | $ | 7,201 | | | | | $ | (1,759) | | |
State
|
| | | | 2,663 | | | | | | 2,304 | | | | | | 849 | | |
Total Current
|
| | | $ | 10,599 | | | | | $ | 9,505 | | | | | $ | (910) | | |
Deferred:
|
| | | | | | | | | | | | | | | | | | |
Federal
|
| | | | (951) | | | | | | 1,070 | | | | | | 1,137 | | |
State
|
| | | | (226) | | | | | | 216 | | | | | | 149 | | |
Total Deferred
|
| | | | (1,177) | | | | | | 1,286 | | | | | | 1,286 | | |
Income Tax Expense
|
| | | $ | 9,423 | | | | | $ | 10,791 | | | | | $ | 376 | | |
| | |
Year Ended June 30
|
| | | | |||||||||||||||||||||||||||||||||
(In thousands)
|
| |
2022
|
| |
2021
|
| |
2020
|
| | | | |||||||||||||||||||||||||||
按法定税率计提的联邦所得税规定
|
| | | $ | 7,484 | | | | | | 21% | | | | | $ | 9,444 | | | | | | 21% | | | | | $ | 1,205 | | | | | | 21% | | | | | |
扣除联邦福利后的州税
|
| | | | 2,437 | | | | | | 6% | | | | | | 2,520 | | | | | | 6% | | | | | | 997 | | | | | | 17% | | | | | |
Meals Entertainments
|
| | | | — | | | | | | 0% | | | | | | 6 | | | | | | 0% | | | | | | 18 | | | | | | 0% | | | | | |
国外衍生无形收入
|
| | | | (618) | | | | | | -2% | | | | | | (802) | | | | | | -2% | | | | | | (598) | | | | | | -10% | | | | | |
金额前无结转退款
|
| | | | — | | | | | | 0% | | | | | | — | | | | | | 0% | | | | | | (1,216) | | | | | | -21% | | | | | |
债务减免和利息收入
|
| | | | — | | | | | | 0% | | | | | | — | | | | | | 0% | | | | | | — | | | | | | 0% | | | | | |
Other
|
| | | | 120 | | | | | | -1% | | | | | | (377) | | | | | | -1% | | | | | | (30) | | | | | | -1% | | | | | |
Income Tax Expense
|
| | | $ | 9,423 | | | | | | 24% | | | | | $ | 10,791 | | | | | | 24% | | | | | $ | 376 | | | | | | 6% | | | | | |
| | |
Year Ended June 30
|
| |||||||||
(In thousands)
|
| |
2022
|
| |
2021
|
| ||||||
Deferred Tax Assets: | | | | ||||||||||
Other Deferred (ICDISC)
|
| | | $ | 583 | | | | | $ | 245 | | |
Net Operating Losses
|
| | | | 30 | | | | | | 30 | | |
Bad Debt
|
| | | | 39 | | | | | | 83 | | |
递延税金资产合计
|
| | | | 652 | | | | | | 358 | | |
递延纳税义务: | | | | | | | | | | | | | |
Inventory
|
| | | | (324) | | | | | | (875) | | |
应计项目目前不可抵扣
|
| | | | (792) | | | | | | (98) | | |
Prepaids
|
| | | | (1,004) | | | | | | (1,224) | | |
Property and Equipment
|
| | | | (1,399) | | | | | | (1,924) | | |
Goodwill/Intangibles
|
| | | | (2,404) | | | | | | (2,685) | | |
递延纳税负债合计
|
| | | | (5,923) | | | | | | (6,806) | | |
递延税金净负债
|
| | |
$
|
(5,271)
|
| | | |
$
|
(6,448)
|
| |
($ in thousands)
|
| |
2022
|
| |
2021
|
| |
2020
|
| |||||||||
Lease cost | | | | | | | | | | | | | | | | | | | |
Finance Lease Costs:
|
| | | | | | | | | | | | | | | | | | |
使用权资产摊销
|
| | | $ | 675 | | | | | $ | 1,189 | | | | | $ | 1,095 | | |
租赁负债利息
|
| | | | 27 | | | | | | 81 | | | | | | 125 | | |
Operating Lease Cost
|
| | | | 4,515 | | | | | | 4,789 | | | | | | 3,827 | | |
Short Term Lease Cost
|
| | | | 1,140 | | | | | | — | | | | | | — | | |
Variable Lease Cost
|
| | | | 1,633 | | | | | | 869 | | | | | | 680 | | |
Total Lease Cost
|
| | | $ | 7,990 | | | | | $ | 6,928 | | | | | $ | 5,727 | | |
($ in thousands)
|
| |
2022
|
| |
2021
|
| |
2020
|
| |||||||||
Other Information | | | | | | | | | | | | | | | | | | | |
租赁负债计量中包含的金额支付的现金: | | | | | | | | | | | | | | | | | | | |
融资租赁的营运现金流
|
| | | $ | 30 | | | | | $ | 86 | | | | | $ | 125 | | |
经营性租赁产生的营运现金流
|
| | | $ | 4,820 | | | | | $ | 4,944 | | | | | $ | 3,973 | | |
融资租赁产生的现金流
|
| | | | 1,070 | | | | | | 1,931 | | | | | | 1,720 | | |
以新融资租赁负债换取的使用权资产
|
| | | | — | | | | | | — | | | | | | 1,561 | | |
以资本化经营租赁负债交换获得的使用权资产
|
| | | | — | | | | | | 3,640 | | | | | | 39 | | |
Net ROU Remeasurement
|
| | | | (651) | | | | | | 841 | | | | | | 169 | | |
| | |
Year Ended June 30,
|
| |||||||||||||||
| | |
2022
|
| |
2021
|
| |
2020
|
| |||||||||
加权平均剩余租赁期限 - 经营租赁
|
| | | | 2.33 | | | | | | 1.63 | | | | | | 2.13 | | |
加权平均剩余租赁期限 - 融资租赁
|
| | | | 2.06 | | | | | | 3.12 | | | | | | 4.09 | | |
加权平均贴现率 - 经营租赁
|
| | | | 4.10 | | | | | | 3.35 | | | | | | 3.26 | | |
加权平均贴现率 - 融资租赁
|
| | | | 3.70 | | | | | | 4.46 | | | | | | 4.45 | | |
($ in thousands)
|
| |
Operating
Leases |
| |||
2023
|
| | | | 4,403 | | |
2024
|
| | | | 4,019 | | |
2025
|
| | | | 1,402 | | |
2026
|
| | | | 99 | | |
Total Lease Payments
|
| | | | 9,923 | | |
Less Imputed Interest
|
| | | | (606) | | |
Total
|
| | | $ | 9,317 | | |
($ in thousands)
|
| |
Nine Months Ended
June 30, 2021 |
| |||
Revenue
|
| | | $ | 405,714 | | |
Net Income
|
| | | | 19,567 | | |
|
Cash at Close
|
| | | $ | 71,859 | | |
|
Note to Seller
|
| | | | 8,500 | | |
| | | | | $ | 80,359 | | |
($ in thousands)
|
| | | | | | |
Cash Acquired
|
| | | $ | 6,450 | | |
Trade Receivables
|
| | | | 48,729 | | |
Inventory
|
| | | | 70,267 | | |
Other Assets
|
| | | | 1,779 | | |
Accounts Payable
|
| | | | (48,770) | | |
Accrued Expenses
|
| | | | (734) | | |
Property and Equipment
|
| | | | 2,638 | | |
Total Purchase Price
|
| | | $ | 80,359 | | |
| | |
Year Ended
|
| |||||||||
($ in thousands)
|
| |
June 30, 2021
|
| |
June 30, 2020
|
| ||||||
Revenue
|
| | | $ | 1,414,039 | | | | | $ | 1,195,005 | | |
Net Income
|
| | | | 42,542 | | | | | | 3,402 | | |
| | |
September 30,
2022 |
| |
December 31,
2021 |
| ||||||
| | |
(Unaudited)
|
| | | | | | | |||
ASSETS | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | |
Cash
|
| | | $ | 29,502 | | | | | $ | 724,410 | | |
Prepaid expenses
|
| | | | 53,333 | | | | | | 199,166 | | |
Total Current Assets
|
| | |
|
82,835
|
| | | |
|
923,576
|
| |
信托账户中持有的有价证券
|
| | | | 116,831,001 | | | | | | 116,160,281 | | |
TOTAL ASSETS
|
| | | $ | 116,913,836 | | | | | $ | 117,083,857 | | |
可能发生的A类普通股负债
赎回和股东亏损 |
| | | | | | | | | | | | |
流动负债 | | | | | | | | | | | | | |
Accrued expenses
|
| | | $ | 1,050,428 | | | | | $ | 440,245 | | |
Income taxes payable
|
| | | | 69,477 | | | | | | — | | |
Promissory note
|
| | | | 436,077 | | | | | | — | | |
流动负债总额
|
| | |
|
1,555,982
|
| | | |
|
440,245
|
| |
Warrant Liabilities
|
| | | | 1,884,800 | | | | | | 4,860,800 | | |
TOTAL LIABILITIES
|
| | | | 3,440,782 | | | | | | 5,301,045 | | |
承付款和或有事项 | | | | | | | | | | | | | |
可能赎回的A类普通股,面值0.0001美元;2022年9月30日和2021年12月31日分别以10.12美元和10.10美元赎回的11,500,000股
|
| | | | 116,411,474 | | | | | | 116,150,000 | | |
股东亏损 | | | | | | | | | | | | | |
优先股,面值0.0001美元;授权1,000,000股;未发行
and outstanding |
| | | | — | | | | | | — | | |
A类普通股,面值0.0001美元;授权股份1亿股
|
| | | | — | | | | | | — | | |
B类普通股,面值0.0001美元;授权发行1,000万股;2022年9月30日和2021年12月31日发行和发行2,875,000股
|
| | | | 288 | | | | | | 288 | | |
新增实收资本
|
| | | | — | | | | | | — | | |
Accumulated deficit
|
| | | | (2,938,708) | | | | | | (4,367,476) | | |
股东亏损总额
|
| | | | (2,938,420) | | | | | | (4,367,188) | | |
总负债、可能赎回的A类普通股和股东亏损
|
| | | $ | 116,913,836 | | | | | $ | 117,083,857 | | |
| | |
Three Months
Ended September 30, |
| |
Nine Months
Ended September 30, |
| ||||||||||||||||||
| | |
2022
|
| |
2021
|
| |
2022
|
| |
2021
|
| ||||||||||||
运营和组建成本
|
| | | $ | 634,642 | | | | | $ | 217,525 | | | | | $ | 1,887,001 | | | | | $ | 632,695 | | |
Loss from operations
|
| | | | (634,642) | | | | | | (217,525) | | | | | | (1,887,001) | | | | | | (632,695) | | |
Other income (expense): | | | | | | | | | | | | | | | | | | | | | | | | | |
持有有价证券赚取的利息
Trust Account |
| | | | 512,825 | | | | | | 2,928 | | | | | | 670,720 | | | | | | 7,352 | | |
与IPO相关的交易成本
|
| | | | — | | | | | | — | | | | | | — | | | | | | (86,544) | | |
权证负债公允价值变动
|
| | | | (99,200) | | | | | | 1,256,100 | | | | | | 2,976,000 | | | | | | 3,801,300 | | |
Other income, net
|
| | | | 413,625 | | | | | | 1,259,028 | | | | | | 3,646,720 | | | | | | 3,722,108 | | |
扣除所得税准备前的收入(亏损)
|
| | | | (221,017) | | | | | | 1,041,503 | | | | | | 1,759,719 | | | | | | 3,089,413 | | |
所得税拨备
|
| | | | (69,477) | | | | | | — | | | | | | (69,477) | | | | | | — | | |
Net (loss) income
|
| | | $ | (290,494) | | | | | $ | 1,041,503 | | | | | $ | 1,690,242 | | | | | $ | 3,089,413 | | |
加权平均流通股,A类普通股
|
| | | | 11,500,000 | | | | | | 11,500,000 | | | | | | 11,500,000 | | | | | | 9,772,894 | | |
A类普通股每股基本和稀释后净(亏损)收益
|
| | | $ | (0.02) | | | | | $ | 0.07 | | | | | $ | 0.12 | | | | | $ | 0.25 | | |
加权平均流通股,B类普通股
|
| | | | 2,875,000 | | | | | | 2,875,000 | | | | | | 2,875,000 | | | | | | 2,817,308 | | |
每股基本和稀释后净(亏损)收益,B类普通股
|
| | | $ | (0.02) | | | | | $ | 0.07 | | | | | $ | 0.12 | | | | | $ | 0.25 | | |
| | |
Class B Common Stock
|
| |
Additional
Paid-in Capital |
| |
Accumulated
Deficit |
| |
Total
Stockholders’ Deficit |
| ||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||
Balance – January 1, 2022
|
| | | | 2,875,000 | | | | | $ | 288 | | | | | $ | — | | | | | $ | (4,367,476) | | | | | $ | (4,367,188) | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | | | 1,122,187 | | | | | | 1,122,187 | | |
Balance – March 31, 2022
|
| | | | 2,875,000 | | | | | | 288 | | | | |
|
—
|
| | | | | (3,245,289) | | | | | | (3,245,001) | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | | | 858,549 | | | | | | 858,549 | | |
Balance – June 30, 2022
|
| | | | 2,875,000 | | | | | | 288 | | | | |
|
—
|
| | | | | (2,386,740) | | | | | | (2,386,452) | | |
可能赎回的A类普通股价值变动
|
| | | | — | | | | | | — | | | | | | — | | | | | | (261,474) | | | | | | (261,474) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | (290,494) | | | | | | (290,494) | | |
Balance – September 30, 2022
|
| | | | 2,875,000 | | | | | $ | 288 | | | | |
$
|
—
|
| | | | $ | (2,938,708) | | | | | $ | (2,938,420) | | |
| | |
Class B Common Stock
|
| |
Additional
Paid-in Capital |
| |
Accumulated
Deficit |
| |
Total
Stockholders’ Equity (Deficit) |
| ||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||
Balance – January 1, 2021
|
| | | | 2,875,000 | | | | | $ | 288 | | | | | $ | 24,712 | | | | | $ | (5,476) | | | | | $ | 19,524 | | |
A类普通股增值赎回
|
| | | | — | | | | | | — | | | | | | (313,212) | | | | | | (7,606,206) | | | | | | (7,919,418) | | |
支付的现金超过私募认股权证的公允价值
|
| | | | — | | | | | | — | | | | | | 288,400 | | | | | | — | | | | | | 288,400 | | |
发行代表权证
|
| | | | — | | | | | | — | | | | | | 100 | | | | | | — | | | | | | 100 | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | | | 3,853,881 | | | | | | 3,853,881 | | |
Balance – March 31, 2021
|
| | | | 2,875,000 | | | | | | 288 | | | | | | — | | | | | | (3,757,801) | | | | | | (3,757,513) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | (1,805,971) | | | | | | (1,805,971) | | |
Balance – June 30, 2021
|
| | | | 2,875,000 | | | | | | 288 | | | | | | — | | | | | | (5,563,772) | | | | | | (5,563,484) | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | | | 1,041,503 | | | | | | 1,041,503 | | |
Balance – September 30, 2021
|
| | | | 2,875,000 | | | | | $ | 288 | | | | | $ | — | | | | | $ | (4,522,269) | | | | | $ | (4,521,981) | | |
| | |
Nine Months Ended
September 30, 2022 |
| |
Nine Months Ended
September 30, 2021 |
| ||||||
经营活动现金流: | | | | | | | | | | | | | |
Net income
|
| | | $ | 1,690,242 | | | | | $ | 3,089,413 | | |
将净收入与经营活动中使用的净现金进行调整:
|
| | | | | | | | | | | | |
权证负债公允价值变动
|
| | | | (2,976,000) | | | | | | (3,801,300) | | |
与IPO相关的交易成本
|
| | | | — | | | | | | 86,544 | | |
信托账户中持有的有价证券赚取的利息
|
| | | | (670,720) | | | | | | (7,352) | | |
经营性资产和负债变动:
|
| | | | | | | | | | | | |
Prepaid expenses
|
| | | | 145,833 | | | | | | 162,288 | | |
Accrued expenses
|
| | | | 610,183 | | | | | | 250,309 | | |
Income taxes payable
|
| | | | 69,477 | | | | | | — | | |
经营活动中使用的净现金
|
| | | | (1,130,985) | | | | | | (220,098) | | |
投资活动现金流: | | | | | | | | | | | | | |
信托账户现金投资
|
| | | | — | | | | | | (116,150,000) | | |
投资活动中使用的净现金
|
| | | | — | | | | | | (116,150,000) | | |
融资活动的现金流: | | | | | | | | | | | | | |
出售单位的收益,扣除支付的承保折扣后的净额
|
| | | | — | | | | | | 114,000,000 | | |
出售私募认股权证的收益
|
| | | | — | | | | | | 4,120,000 | | |
单位购买选择权的销售收益
|
| | | | — | | | | | | 100 | | |
本票收益
|
| | | | 436,077 | | | | | | — | | |
本票还款 - 关联方
|
| | | | — | | | | | | (600,000) | | |
支付产品费用
|
| | | | — | | | | | | (407,352) | | |
融资活动提供的现金净额
|
| | | | 436,077 | | | | | | 117,112,748 | | |
Net Change in Cash
|
| | | | (694,908) | | | | | | 742,650 | | |
Cash – Beginning of period
|
| | | | 724,410 | | | | | | 102,296 | | |
Cash – End of period
|
| | | $ | 29,502 | | | | | $ | 844,946 | | |
|
Gross proceeds
|
| | | $ | 115,000,000 | | |
| Less: | | | | | | | |
|
分配给公开认股权证的收益
|
| | | | (5,290,000) | | |
|
A类普通股按成本价发行
|
| | | | (1,479,418) | | |
| Plus: | | | | | | | |
|
账面价值增加到赎回价值
|
| | | | 7,919,418 | | |
|
可能赎回的A类普通股,2021年12月31日
|
| | | | 116,150,000 | | |
| Plus: | | | | | | | |
|
账面价值增加到赎回价值
|
| | | | 261,474 | | |
|
可能赎回的A类普通股,2022年9月30日
|
| | | $ | 116,411,474 | | |
| | |
Three Months Ended
September 30, 2022 |
| |
Three Months Ended
September 30, 2021 |
| ||||||||||||||||||
| | |
Class A
|
| |
Class B
|
| |
Class A
|
| |
Class B
|
| ||||||||||||
普通股基本和稀释后净(亏损)收益
|
| | | | | | | | | | | | | | | | | | | | | | | | |
Numerator: | | | | | | | | | | | | | | | | | | | | | | | | | |
调整后的净(亏损)收入分配
|
| | | $ | (232,395) | | | | | $ | (58,099) | | | | | $ | 833,202 | | | | | $ | 208,301 | | |
Denominator: | | | | | | | | | | | | | | | | | | | | | | | | | |
基本和稀释后加权平均流通股
|
| | | | 11,500,000 | | | | | | 2,875,000 | | | | | | 11,500,000 | | | | | | 2,875,000 | | |
普通股基本和稀释后净(亏损)收益
|
| | | $ | (0.02) | | | | | $ | (0.02) | | | | | $ | 0.07 | | | | | $ | 0.07 | | |
| | |
Nine Months Ended
September 30, 2022 |
| |
Nine Months Ended
September 30, 2021 |
| ||||||||||||||||||
| | |
Class A
|
| |
Class B
|
| |
Class A
|
| |
Class B
|
| ||||||||||||
普通股基本和稀释后净收益 | | | | | | | | | | | | | | | | | | | | | | | | | |
Numerator: | | | | | | | | | | | | | | | | | | | | | | | | | |
调整后的净收入分配
|
| | | $ | 1,352,194 | | | | | $ | 338,048 | | | | | $ | 2,398,095 | | | | | $ | 691,318 | | |
Denominator: | | | | | | | | | | | | | | | | | | | | | | | | | |
基本和稀释后加权平均流通股
|
| | | | 11,500,000 | | | | | | 2,875,000 | | | | | | 9,772,894 | | | | | | 2,817,308 | | |
普通股基本和稀释后净收益
|
| | | $ | 0.12 | | | | | $ | 0.12 | | | | | $ | 0.25 | | | | | $ | 0.25 | | |
Description
|
| |
Level
|
| |
September 30,
2022 |
| |
December 31,
2021 |
| |||||||||
Assets: | | | | | | | | | | | | | | | | | | | |
信托账户持有的有价证券 - 美国国债货币市场基金
|
| | | | 1 | | | | | | 116,831,001 | | | | | | 116,160,281 | | |
Liabilities: | | | | | | | | | | | | | | | | | | | |
认股权证责任 - 公共认股权证
|
| | | | 1 | | | | | | 1,092,500 | | | | | | 2,817,500 | | |
认股权证责任 - 私募认股权证
|
| | | | 2 | | | | | | 773,300 | | | | | | 1,994,300 | | |
担保责任 - 代表担保
|
| | | | 3 | | | | | | 19,000 | | | | | | 49,000 | | |
| | |
March 31, 2022
|
| |
June 30, 2022
|
| |
September 30, 2022
|
| |||||||||||||||||||||||||||
Input
|
| |
Representative
Warrants |
| |
Private
Warrants |
| |
Representative
Warrants |
| |
Private
Warrants |
| |
Representative
Warrants |
| |
Private
Warrants |
| ||||||||||||||||||
公股市价
|
| | | $ | 9.88 | | | | | $ | — | | | | | $ | 9.89 | | | | | $ | — | | | | | $ | 9.95 | | | | | $ | — | | |
Risk-free rate
|
| | | | 2.44% | | | | | | —% | | | | | | 2.98% | | | | | | — | | | | | | 4.12% | | | | | | — | | |
Dividend Yield
|
| | | | 0.00% | | | | | | —% | | | | | | 0.00% | | | | | | — | | | | | | 0.00% | | | | | | — | | |
Exercise price
|
| | | $ | 11.50 | | | | | $ | — | | | | | $ | 11.50 | | | | | $ | — | | | | | $ | 11.50 | | | | | $ | — | | |
有效有效期
|
| | | | 6/23/26 | | | | | | — | | | | | | 6/23/26 | | | | | | — | | | | | | 8/26/26 | | | | | | — | | |
One-touch hurdle
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | |
Private
Placement |
| |
Public
|
| |
Representative
|
| |
Warrant
Liabilities |
| ||||||||||||
Fair value as of January 1, 2021
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
2021年2月11日的初步测量
|
| | | | 3,785,100 | | | | | | 5,290,000 | | | | | | 36,500 | | | | | | 9,111,600 | | |
估值投入或其他方面的变化
assumptions |
| | | | (1,587,300) | | | | | | (1,437,500) | | | | | | 17,500 | | | | | | (3,007,300) | | |
Transfer to Level 1
|
| | | | — | | | | | | (3,852,500) | | | | | | — | | | | | | (3,852,500) | | |
Transfer to Level 2
|
| | | | (2,197,800) | | | | | | — | | | | | | — | | | | | | (2,197,800) | | |
Fair value as of September 30, 2021
|
| | | $ | — | | | | | $ | — | | | | | $ | 54,000 | | | | | $ | 54,000 | | |
| | |
Representative
|
| |
Warrant Liabilities
|
| ||||||
Fair value as of January 1, 2022
|
| | | $ | 49,000 | | | | | $ | 49,000 | | |
估值投入或其他假设的变化
|
| | | | (17,000) | | | | | | (17,000) | | |
Fair value as of March 31, 2022
|
| | | | 32,000 | | | | | | 32,000 | | |
估值投入或其他假设的变化
|
| | | | (14,000) | | | | | | (14,000) | | |
Fair value as of June 30, 2022
|
| | | | 18,000 | | | | | | 18,000 | | |
估值投入或其他假设的变化
|
| | | | 1,000 | | | | | | 1,000 | | |
Fair value as of September 30, 2022
|
| | | $ | 19,000 | | | | | $ | 19,000 | | |
| | |
December 31,
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
ASSETS | | | | | | | | | | | | | |
Current assets | | | | | | | | | | | | | |
Cash
|
| | | $ | 724,410 | | | | | $ | 102,296 | | |
Prepaid expenses
|
| | | | 199,166 | | | | | | 400,000 | | |
Total Current Assets
|
| | |
|
923,576
|
| | | |
|
502,296
|
| |
延期发售成本
|
| | | | — | | | | | | 122,110 | | |
信托账户中持有的有价证券
|
| | | | 116,160,281 | | | | | | — | | |
TOTAL ASSETS
|
| | | $ | 117,083,857 | | | | | $ | 624,406 | | |
负债、可能赎回的A类普通股和股东(亏损)权益
|
| | | | | | | | | | | | |
流动负债 | | | | | | | | | | | | | |
应付账款和应计费用
|
| | | $ | 440,245 | | | | | $ | 4,882 | | |
Promissory note – related party
|
| | | | — | | | | | | 600,000 | | |
流动负债总额
|
| | | | 440,245 | | | | | | 604,882 | | |
Warrant Liabilities
|
| | | | 4,860,800 | | | | | | — | | |
TOTAL LIABILITIES
|
| | | | 5,301,045 | | | | | | 604,882 | | |
承付款和或有事项 | | | | | | | | | | | | | |
可能赎回的A类普通股,面值0.0001美元;2021年12月31日和2020年12月31日分别为11,500,000股和0股,每股赎回价值10.10美元。
|
| | | | 116,150,000 | | | | | | — | | |
股东(亏损)权益 | | | | | | | | | | | | | |
优先股,面值0.0001美元;授权1,000,000股;未发行或未发行
|
| | | | — | | | | | | — | | |
A类普通股,面值0.0001美元;授权股份1亿股
|
| | | | — | | | | | | — | | |
B类普通股,面值0.0001美元;授权发行1,000,000股;2021年12月31日和2020年12月31日发行和发行2,875,000股
|
| | | | 288 | | | | | | 288 | | |
新增实收资本
|
| | | | — | | | | | | 24,712 | | |
Accumulated deficit
|
| | | | (4,367,476) | | | | | | (5,476) | | |
股东(亏损)总股本
|
| | | | (4,367,188) | | | | | | 19,524 | | |
总负债、可能赎回的A类普通股和股东(亏损)权益
|
| | | $ | 117,083,857 | | | | | $ | 624,406 | | |
| | |
Year Ended
December 31, 2021 |
| |
For the
Period from August 5, 2020 (Inception) Through December 31, 2020 |
| ||||||
运营和组建成本
|
| | | $ | 976,831 | | | | | $ | 5,476 | | |
Loss from operations
|
| | | | (976,831) | | | | | | (5,476) | | |
Other income (expenses): | | | | | | | | | | | | | |
信托账户中持有的有价证券赚取的利息
|
| | | | 10,281 | | | | | | — | | |
与IPO相关的交易成本
|
| | | | (86,544) | | | | | | — | | |
权证负债公允价值变动
|
| | | | 4,297,300 | | | | | | — | | |
Other income, net
|
| | |
|
4,221,037
|
| | | | | — | | |
Net income (loss)
|
| | | $ | 3,244,206 | | | | | $ | (5,476) | | |
A类普通股加权平均流通股
|
| | | | 10,208,219 | | | | | | — | | |
A类普通股每股基本和摊薄收益
|
| | | $ | 0.25 | | | | | $ | — | | |
B类普通股加权平均流通股
|
| | | | 2,831,849 | | | | | | 2,500,000 | | |
每股基本净收益(亏损),B类普通股
|
| | | $ | 0.25 | | | | | $ | (0.00) | | |
B类普通股加权平均流通股
|
| | | | 2,875,000 | | | | | | — | | |
稀释后每股净收益,B类普通股
|
| | | $ | 0.25 | | | | | $ | — | | |
| | |
Class B Common Stock
|
| |
Additional
Paid-in Capital |
| |
Accumulated
Deficit |
| |
Total
Stockholders’ Equity (Deficit) |
| ||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||
Balance – August 5, 2020 (inception)
|
| | | | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
向保荐人发行B类普通股
|
| | | | 2,875,000 | | | | | | 288 | | | | | | 24,712 | | | | | | — | | | | | | 25,000 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | (5,476) | | | | | | (5,476) | | |
Balance – December 31, 2020
|
| | | | 2,875,000 | | | | | $ | 288 | | | | | $ | 24,712 | | | | | $ | (5,476) | | | | | $ | 19,524 | | |
A类普通股增加到赎回金额
|
| | | | — | | | | | | — | | | | | | (313,212) | | | | | | (7,606,206) | | | | | | (7,919,418) | | |
支付的现金超过私募认股权证的公允价值
|
| | | | — | | | | | | — | | | | | | 288,400 | | | | | | — | | | | | | 288,400 | | |
发行代表权证
|
| | | | — | | | | | | — | | | | | | 100 | | | | | | — | | | | | | 100 | | |
Net income
|
| | | | — | | | | | | — | | | | | | — | | | | | | 3,244,206 | | | | | | 3,244,206 | | |
Balance – December 31, 2021
|
| | | | 2,875,000 | | | | | $ | 288 | | | | | $ | — | | | | | $ | (4,367,476) | | | | | $ | (4,367,188) | | |
| | |
Year Ended
December 31, 2021 |
| |
For the Period from
August 5, 2020 (Inception) Through December 31, 2020 |
| ||||||
经营活动现金流: | | | | | | | | | | | | | |
Net income (loss)
|
| | | $ | 3,244,206 | | | | | $ | (5,476) | | |
将净收益(亏损)与经营使用的现金净额进行调整
activities: |
| | | | | | | | | | | | |
权证负债公允价值变动
|
| | | | (4,297,300) | | | | | | — | | |
与IPO相关的交易成本
|
| | | | 86,544 | | | | | | — | | |
信托账户中持有的有价证券赚取的利息
|
| | | | (10,281) | | | | | | — | | |
经营性资产和负债变动:
|
| | | | | | | | | | | | |
Prepaid expenses
|
| | | | 200,834 | | | | | | (400,000) | | |
应付账款和应计费用
|
| | | | 435,363 | | | | | | 4,882 | | |
经营活动中使用的净现金
|
| | | | (340,634) | | | | | | (400,594) | | |
投资活动现金流: | | | | | | | | | | | | | |
信托账户现金投资
|
| | | | (116,150,000) | | | | | | — | | |
投资活动中使用的净现金
|
| | |
|
(116,150,000)
|
| | | | | — | | |
融资活动的现金流: | | | | | | | | | | | | | |
向保荐人发行B类普通股所得款项
|
| | | | — | | | | | | 25,000 | | |
出售单位的收益,扣除支付的承保折扣后的净额
|
| | | | 114,000,000 | | | | | | — | | |
出售私募认股权证的收益
|
| | | | 4,120,000 | | | | | | — | | |
单位购买选择权的销售收益
|
| | | | 100 | | | | | | — | | |
本票 - 关联方收益
|
| | | | — | | | | | | 600,000 | | |
本票还款 - 关联方
|
| | | | (600,000) | | | | | | — | | |
支付产品费用
|
| | | | (407,352) | | | | | | (122,110) | | |
融资活动提供的现金净额
|
| | | | 117,112,748 | | | | | | 502,890 | | |
Net Change in Cash
|
| | | | 622,114 | | | | | | 102,296 | | |
Cash – Beginning of period
|
| | | | 102,296 | | | | | | — | | |
Cash – End of period
|
| | | $ | 724,410 | | | | | $ | 102,296 | | |
|
Gross proceeds
|
| | | $ | 115,000,000 | | |
| Less: | | | | | | | |
|
分配给公开认股权证的收益
|
| | | $ | (5,290,000) | | |
|
A类普通股按成本价发行
|
| | | $ | (1,479,418) | | |
| Plus: | | | | | | | |
|
账面价值增加到赎回价值
|
| | | $ | 7,919,418 | | |
|
可能赎回的A类普通股
|
| | | $ | 116,150,000 | | |
| | |
Year Ended
December 31, 2021 |
| |
For the Period from August 5,
2020 (Inception) Through December 31, 2020 |
| ||||||||||||||||||
| | |
Class A
|
| |
Class B
|
| |
Class A
|
| |
Class B
|
| ||||||||||||
每股普通股基本净收入(亏损) | | | | | | | | | | | | | | | | | | | | | | | | | |
Numerator: | | | | | | | | | | | | | | | | | | | | | | | | | |
调整后的净收益(亏损)分配
|
| | | $ | 2,539,677 | | | | | $ | 704,529 | | | | | $ | — | | | | | $ | (5,476) | | |
Denominator: | | | | | | | | | | | | | | | | | | | | | | | | | |
基本加权平均流通股
|
| | | | 10,208,219 | | | | | | 2,831,849 | | | | | | — | | | | | | 2,500,000 | | |
每股普通股基本净收入(亏损)
|
| | | $ | 0.25 | | | | | $ | 0.25 | | | | | $ | — | | | | | $ | (0.00) | | |
| | |
Year Ended
December 31, 2021 |
| |
For the Period from August 5,
2020 (Inception) Through December 31, 2020 |
| ||||||||||||||||||
| | |
Class A
|
| |
Class B
|
| |
Class A
|
| |
Class B
|
| ||||||||||||
稀释后每股普通股净收入 | | | | | | | | | | | | | | | | | | | | | | | | | |
Numerator: | | | | | | | | | | | | | | | | | | | | | | | | | |
调整后的净收入分配
|
| | | $ | 2,531,301 | | | | | $ | 712,905 | | | | | $ | — | | | | | $ | — | | |
Denominator: | | | | | | | | | | | | | | | | | | | | | | | | | |
稀释加权平均流通股
|
| | | | 10,208,219 | | | | | | 2,875,000 | | | | | | — | | | | | | — | | |
稀释后每股普通股净收入
|
| | | $ | 0.25 | | | | | $ | 0.25 | | | | | $ | — | | | | | $ | — | | |
| | |
December 31,
2021 |
| |
December 31,
2020 |
| ||||||
Deferred tax assets | | | | | | | | | | | | | |
净营业亏损结转
|
| | | $ | 39,841 | | | | | $ | — | | |
启动/组织费用
|
| | | $ | 181,309 | | | | | $ | — | | |
递延税金资产总额
|
| | | | 221,150 | | | | | | — | | |
Valuation allowance
|
| | | | (221,150) | | | | | | — | | |
扣除免税额后的递延纳税资产
|
| | | $ | — | | | | | $ | — | | |
| | |
Year ended
December 31, 2021 |
| |
For the period
from August 5, 2020 (inception) through December 31, 2020 |
| ||||||
Federal | | | | | | | | | | | | | |
Deferred
|
| | | $ | (221,150) | | | | | $ | — | | |
State | | | | | | | | | | | | | |
估值免税额变动
|
| | | $ | 221,150 | | | | | $ | — | | |
Income tax provision
|
| | | $ | — | | | | | $ | — | | |
| | |
Year ended
December 31, 2021 |
| |
For the period
from August 5, 2020 (inception) through December 31, 2020 |
| ||||||
法定联邦所得税税率
|
| | | | 21.0% | | | | | | —% | | |
州税,扣除联邦税收优惠后的净额
|
| | | | 0.0% | | | | | | —% | | |
递延纳税义务税率变化
|
| | | | 0.0% | | | | | | —% | | |
权证负债公允价值变动
|
| | | | (27.8)% | | | | | | —% | | |
估值免税额变动
|
| | | | 6.8% | | | | | | —% | | |
Income tax provision
|
| | | | 0.0% | | | | | | —% | | |
Description
|
| |
Level
|
| |
December 31,
2021 |
| ||||||
Assets: | | | | | | | | | | | | | |
信托账户 - 美国国债货币市场基金持有的有价证券
|
| | | | 1 | | | | | $ | 116,160,281 | | |
Liabilities: | | | | | | | | | | | | | |
认股权证责任 - 公共认股权证
|
| | | | 1 | | | | | | 2,817,500 | | |
认股权证债务 - 私募认股权证
|
| | | | 2 | | | | | | 1,994,300 | | |
认股权证责任 - 代表认股权证
|
| | | | 3 | | | | | | 49,000 | | |
| | |
February 11, 2021
(Initial Measurement) |
| |
December 31, 2021
|
| ||||||||||||||||||||||||
Input
|
| |
Public
Warrants |
| |
Private
Warrants |
| |
Representative
Warrants |
| |
Representative
Warrants |
| |
Private
Warrants |
| |||||||||||||||
公股市价
|
| | | $ | 9.54 | | | | | $ | 9.54 | | | | | $ | 9.54 | | | | | $ | 9.79 | | | | | $ | 9.79 | | |
Risk-free rate
|
| | | | 0.52% | | | | | | 0.52% | | | | | | 0.36% | | | | | | 1.18% | | | | | | 1.18% | | |
Dividend Yield
|
| | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | | | | | 0.00% | | |
Exercise price
|
| | | $ | 11.50 | | | | | $ | 11.50 | | | | | $ | 11.50 | | | | | $ | 11.50 | | | | | $ | 11.50 | | |
有效有效期
|
| | | | 6/26/26 | | | | | | 6/26/26 | | | | | | 5/11/25 | | | | | | 6/23/26 | | | | | | 6/23/26 | | |
One-touch hurdle
|
| | | $ | 18.15 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
| | |
Private Placement
|
| |
Public
|
| |
Representative
|
| |
Warrant Liabilities
|
| ||||||||||||
Fair value as of January 1, 2021
|
| | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
2021年2月11日的初步测量
|
| | | | 3,785,100 | | | | | | 5,290,000 | | | | | | 36,500 | | | | | | 9,111,600 | | |
估值投入或其他假设的变化
|
| | | | (1,587,300) | | | | | | (1,437,500) | | | | | | 12,500 | | | | | | (3,012,300) | | |
Transfer to Level 1
|
| | | | — | | | | | | (3,852,500) | | | | | | — | | | | | | (3,852,500) | | |
Transfer to Level 2
|
| | | | (2,197,800) | | | | | | — | | | | | | — | | | | | | (2,197,800) | | |
Fair value as of December 31, 2021
|
| | | $ | — | | | | | $ | — | | | | | $ | 49,000 | | | | | $ | 49,000 | | |
| | |
Page
|
| |||
ARTICLE I.
DEFINITIONS
|
| | | | A-2 | | |
SECTION 1.01
Certain Definitions
|
| | | | A-2 | | |
SECTION 1.02
Further Definitions
|
| | | | A-9 | | |
SECTION 1.03
Construction
|
| | | | A-10 | | |
ARTICLE II.
合并协议和计划
|
| | | | A-11 | | |
SECTION 2.01
The Merger
|
| | | | A-11 | | |
SECTION 2.02
Effective Time; Closing
|
| | | | A-11 | | |
SECTION 2.03
Effect of the Merger
|
| | | | A-11 | | |
SECTION 2.04
公司注册证书;附则
|
| | | | A-11 | | |
SECTION 2.05
Directors and Officers
|
| | | | A-12 | | |
SECTION 2.06
U.S. Tax Treatment
|
| | | | A-12 | | |
ARTICLE III.
换股换证
|
| | | | A-12 | | |
SECTION 3.01
证券折算
|
| | | | A-12 | | |
SECTION 3.02
证书交换
|
| | | | A-13 | | |
SECTION 3.03
或有对价
|
| | | | A-15 | | |
SECTION 3.04
Stock Transfer Books
|
| | | | A-17 | | |
SECTION 3.05
Appraisal Rights
|
| | | | A-17 | | |
ARTICLE IV.
公司的陈述和保修
|
| | | | A-17 | | |
SECTION 4.01
组织和资质;子公司
|
| | | | A-17 | | |
SECTION 4.02
公司注册证书和章程
|
| | | | A-18 | | |
SECTION 4.03
Capitalization
|
| | | | A-18 | | |
SECTION 4.04
与本协议相关的权限
|
| | | | A-19 | | |
SECTION 4.05
没有冲突;所需的文件和意见书
|
| | | | A-19 | | |
SECTION 4.06
Permits; Compliance
|
| | | | A-20 | | |
SECTION 4.07
Financial Statements
|
| | | | A-20 | | |
SECTION 4.08
未发生某些更改或事件
|
| | | | A-21 | | |
SECTION 4.09
Absence of Litigation
|
| | | | A-21 | | |
SECTION 4.10
Employee Benefit Plans
|
| | | | A-22 | | |
SECTION 4.11
劳工和就业事务
|
| | | | A-23 | | |
SECTION 4.12
不动产;资产所有权
|
| | | | A-24 | | |
SECTION 4.13
知识产权;数据隐私和安全
|
| | | | A-25 | | |
SECTION 4.14
Taxes
|
| | | | A-27 | | |
SECTION 4.15
环境问题
|
| | | | A-29 | | |
SECTION 4.16
Material Contracts
|
| | | | A-29 | | |
SECTION 4.17
Insurance
|
| | | | A-31 | | |
SECTION 4.18
董事会批准;需要投票
|
| | | | A-31 | | |
SECTION 4.19
客户和供应商
|
| | | | A-31 | | |
SECTION 4.20
某些商业惯例
|
| | | | A-31 | | |
| | |
Page
|
| |||
SECTION 4.21
利害关系方交易
|
| | | | A-32 | | |
SECTION 4.22
Exchange Act
|
| | | | A-32 | | |
SECTION 4.23
为代理语句提供的信息
|
| | | | A-32 | | |
SECTION 4.24
Brokers
|
| | | | A-32 | | |
SECTION 4.25
陈述和保修的排他性
|
| | | | A-32 | | |
ARTICLE V.
ADARA和合并子公司的陈述和担保
|
| | | | A-32 | | |
SECTION 5.01
企业组织
|
| | | | A-33 | | |
SECTION 5.02
组织文档
|
| | | | A-33 | | |
SECTION 5.03
Capitalization
|
| | | | A-33 | | |
SECTION 5.04
与本协议相关的权限
|
| | | | A-34 | | |
SECTION 5.05
没有冲突;所需的文件和意见书
|
| | | | A-35 | | |
SECTION 5.06
Compliance
|
| | | | A-35 | | |
SECTION 5.07
美国证券交易委员会备案文件;财务报表;萨班斯-奥克斯利法案
|
| | | | A-35 | | |
SECTION 5.08
未发生某些更改或事件
|
| | | | A-37 | | |
SECTION 5.09
Absence of Litigation
|
| | | | A-37 | | |
SECTION 5.10
董事会批准;需要投票
|
| | | | A-37 | | |
SECTION 5.11
合并子公司无前置操作
|
| | | | A-38 | | |
SECTION 5.12
Brokers
|
| | | | A-38 | | |
SECTION 5.13
Adara Trust Fund
|
| | | | A-38 | | |
SECTION 5.14
Employees
|
| | | | A-38 | | |
SECTION 5.15
Taxes
|
| | | | A-39 | | |
SECTION 5.16
Listing
|
| | | | A-39 | | |
SECTION 5.17
阿达拉和合并子公司的调查和信赖
|
| | | | A-39 | | |
ARTICLE VI.
合并前的业务处理情况
|
| | | | A-40 | | |
SECTION 6.01
公司在合并前的业务行为
|
| | | | A-40 | | |
SECTION 6.02
Adara和Merge Sub在合并期间的业务处理
|
| | | | A-42 | | |
SECTION 6.03
针对信托账户的索赔
|
| | | | A-43 | | |
ARTICLE VII.
其他协议
|
| | | | A-44 | | |
SECTION 7.01
Proxy Statement
|
| | | | A-44 | | |
SECTION 7.02
阿达拉股东大会;合并子股东批准
|
| | | | A-45 | | |
SECTION 7.03
公司股东书面同意
|
| | | | A-45 | | |
SECTION 7.04
信息访问;机密性
|
| | | | A-46 | | |
SECTION 7.05
Exclusivity
|
| | | | A-46 | | |
SECTION 7.06
员工福利很重要
|
| | | | A-47 | | |
SECTION 7.07
Adoption of Equity Plan
|
| | | | A-47 | | |
SECTION 7.08
董事和高级管理人员的赔偿
|
| | | | A-47 | | |
SECTION 7.09
某些事项的通知
|
| | | | A-48 | | |
SECTION 7.10
进一步行动;合理的最大努力
|
| | | | A-48 | | |
SECTION 7.11
Public Announcements
|
| | | | A-49 | | |
| | |
Page
|
| |||
SECTION 7.12
Stock Exchange Listing
|
| | | | A-49 | | |
SECTION 7.13
Antitrust
|
| | | | A-49 | | |
SECTION 7.14
Trust Account
|
| | | | A-50 | | |
SECTION 7.15
Tax Matters
|
| | | | A-50 | | |
SECTION 7.16
Directors
|
| | | | A-51 | | |
SECTION 7.17
经审计的财务报表
|
| | | | A-51 | | |
ARTICLE VIII.
CONDITIONS TO THE MERGER
|
| | | | A-51 | | |
SECTION 8.01
各方义务的条件
|
| | | | A-51 | | |
SECTION 8.02
Adara和合并子公司义务的条件
|
| | | | A-52 | | |
SECTION 8.03
公司义务的条件
|
| | | | A-53 | | |
ARTICLE IX.
终止、修改和放弃
|
| | | | A-54 | | |
SECTION 9.01
Termination
|
| | | | A-54 | | |
SECTION 9.02
Effect of Termination
|
| | | | A-55 | | |
SECTION 9.03
Expenses
|
| | | | A-55 | | |
SECTION 9.04
Amendment
|
| | | | A-55 | | |
SECTION 9.05
Waiver
|
| | | | A-55 | | |
ARTICLE X.
GENERAL PROVISIONS
|
| | | | A-55 | | |
SECTION 10.01
Notices
|
| | | | A-55 | | |
SECTION 10.02
声明、保证和契约不再有效
|
| | | | A-56 | | |
SECTION 10.03
Severability
|
| | | | A-56 | | |
SECTION 10.04
完整协议;作业
|
| | | | A-56 | | |
SECTION 10.05
Parties in Interest
|
| | | | A-56 | | |
SECTION 10.06
Governing Law
|
| | | | A-56 | | |
SECTION 10.07
Waiver of Jury Trial
|
| | | | A-57 | | |
SECTION 10.08
Headings
|
| | | | A-57 | | |
SECTION 10.09
Counterparts
|
| | | | A-57 | | |
SECTION 10.10
Specific Performance
|
| | | | A-57 | | |
SECTION 10.11
No Recourse
|
| | | | A-57 | | |
EXHIBIT A
修订和重新签署的注册权协议格式
|
| | | | | | |
EXHIBIT B
Form of Lock-Up Agreement
|
| | | | | | |
EXHIBIT C
修订和重新签署的阿达拉内部协议表格
|
| | | | | | |
EXHIBIT D
修订后的《尚存公司注册证书》格式
|
| | | | | | |
EXHIBIT E
经修订及重新修订的《尚存公司章程》表格
|
| | | | | | |
EXHIBIT F
阿达拉第二次修订和重新签署的公司注册证书格式
|
| | | | | | |
EXHIBIT G
幸存公司和阿达拉的董事和高级管理人员
|
| | | | | | |
SCHEDULE A
公司知识方
|
| | | | | | |
SCHEDULE B
大公司股东
|
| | | | | | |
SCHEDULE C
Adara初始股东
|
| | | | | | |
Defined Term
|
| |
Location of Definition
|
|
2021 Balance Sheet | | | Section 4.07 | |
Action | | | Section 4.09 | |
Adara | | | Preamble | |
Adara Board | | | Recitals | |
Adara优先股 | | | Section 5.03(a) | |
Adara Proposals | | | Section 7.01(a) | |
Adara SEC Reports | | | Section 5.07(a) | |
阿达拉股东大会 | | | Section 7.01(a) | |
Agreement | | | Preamble | |
替代交易 | | | Section 7.05 | |
修订并重新签署阿达拉内幕协议 | | | Recitals | |
年度财务报表 | | | Section 4.07(a) | |
Antitrust Laws | | | Section 7.13(a) | |
经审计的财务报表 | | | Section 7.17 | |
Blue Sky Laws | | | Section 4.05(b) | |
合并证 | | | Section 2.02(a) | |
Certificates | | | Section 3.02(b) | |
Change of Control | | | Section 3.03(f) | |
Claims | | | Section 6.03 | |
Closing | | | Section 2.02(b) | |
Closing Date | | | Section 2.02(b) | |
Code | | | Section 3.02(h) | |
Company | | | Preamble | |
Company Board | | | Recitals | |
公司披露日程表 | | | Article III | |
Company Permits | | | Section 4.06 | |
公司股东批准 | | | Section 4.18 | |
公司股东大会 | | | Section 7.03 | |
保密协议 | | | Section 7.04(b) | |
或有对价股份 | | | Section 3.03(a) | |
留任员工 | | | Section 7.06(a) | |
缔约方 | | | Section 10.11 | |
DGCL | | | Recitals | |
Effective Time | | | Section 2.02(a) | |
环境许可证 | | | Section 4.15 | |
ERISA Affiliate | | | Section 4.10(c) | |
Exchange Agent | | | Section 3.02(a) | |
Defined Term
|
| |
Location of Definition
|
|
Exchange Fund | | | Section 3.02(a) | |
现有安全协议 | | | Section 4.16(a)(v) | |
GAAP | | | Section 4.07(a) | |
政府权威机构 | | | Section 4.05(b) | |
Health Plan | | | Section 4.10(k) | |
意向免税待遇 | | | Recitals | |
中期财务报表 | | | Section 4.07(b) | |
IRS | | | Section 4.10(b) | |
Law | | | Section 4.05(a) | |
Lease | | | Section 4.12(b) | |
Lease Documents | | | Section 4.12(b) | |
递送函 | | | Section 3.02(b) | |
Lock-Up Agreement | | | Recitals | |
Major Customers | | | Section 4.19(a) | |
Major Vendors | | | Section 4.19(b) | |
Material Contracts | | | Section 4.16(a) | |
最高年度保费 | | | Section 7.08(b) | |
Merger | | | Recitals | |
Merger Sub | | | Preamble | |
Merger Sub Board | | | Recitals | |
合并子普通股 | | | Section 5.03(b) | |
非党派分支机构 | | | Section 10.11 | |
普通商业协议 | | | Section 4.14(b) | |
Outside Date | | | Section 9.01(b) | |
每股收盘合并对价 | | | Section 3.01(a)(i) | |
Plans | | | Section 4.10(a) | |
PPACA | | | Section 4.10(k) | |
Proxy Statement | | | Section 7.01(a) | |
注册权协议 | | | Recitals | |
补救例外情况 | | | Section 4.04 | |
Representatives | | | Section 7.04(a) | |
已审核财务报表 | | | Section 7.17 | |
SEC | | | Section 5.07(a) | |
Securities Act | | | Section 5.07(a) | |
赞助商股东支持协议 | | | Recitals | |
股东支持协议 | | | Recitals | |
幸存的公司 | | | Section 2.01 | |
终止公司违规行为 | | | Section 9.01(d) | |
终止Adara违规行为 | | | Section 9.01(g) | |
Trust Account | | | Section 5.13 | |
Trust Agreement | | | Section 5.13 | |
Trust Fund | | | Section 5.13 | |
Trustee | | | Section 5.13 | |
Written Consent | | | Section 7.03 | |
By: |
|
By: |
|
By: |
|
Name: |
|
|
Exhibit
Number |
| | | | |
Incorporated by Reference
|
| |||||||||
|
Description of Document
|
| |
Schedule/Form
|
| |
File Number
|
| |
Exhibits
|
| |
Filing Date
|
| |||
| 2.1† | | |
由Adara、合并子公司和联盟签署的业务合并协议,日期为2022年6月22日。
|
| |
Form 8-K
|
| |
001-40014
|
| |
2.1
|
| | June 23, 2022 | |
| 3.1 | | |
阿达拉公司注册证书。
|
| |
Form S-1/A
|
| |
333-250157
|
| |
3.1
|
| | January 14, 2021 | |
| 3.2 | | |
阿达拉公司注册证书的修订和重新生效。
|
| |
Form 8-K
|
| |
001-40014
|
| |
3.1
|
| | February 11, 2021 | |
| 3.3 | | |
Bylaws of Adara.
|
| |
Form S-1
|
| |
333-250157
|
| |
3.3
|
| |
November 18, 2020
|
|
| 3.4 | | |
修订后的《合并后公司注册证书》格式(见附件2.1)。
|
| |
Form 8-K
|
| |
001-40014
|
| |
2.1
|
| | June 23, 2022 | |
| 4.1 | | |
阿达拉单位证书样本。
|
| |
Form S-1/A
|
| |
333-250157
|
| |
4.1
|
| | January 14, 2021 | |
| 4.2 | | |
阿达拉A类普通股证书样本。
|
| |
Form S-1/A
|
| |
333-250157
|
| |
4.2
|
| | January 14, 2021 | |
| 4.3 | | |
阿达拉的保证书样本。
|
| |
Form S-1/A
|
| |
333-250157
|
| |
4.3
|
| | January 14, 2021 | |
| 4.4 | | |
由Adara和大陆股票转让与信托公司作为认股权证代理签署的认股权证协议,日期为2021年2月8日。
|
| |
Form 8-K
|
| |
001-40014
|
| |
4.1
|
| | February 11, 2021 | |
| 4.5 | | |
合并公司样本A类普通股证书
|
| |
Form S-4
|
| |
333-266098
|
| |
4.5
|
| | October 18, 2022 | |
| 4.6 | | |
综合公司授权证
|
| |
Form S-4
|
| |
333-266098
|
| |
4.6
|
| | October 18, 2022 | |
| 5.1 | | |
Blank Roman LLP对证券有效性的意见。
|
| |
Form S-4
|
| |
333-266098
|
| |
5.1
|
| | October 18, 2022 | |
| 8.1* | | |
Tax Opinion of Blank Rome LLP.
|
| | | | | | | | | | | | |
| 10.1 | | |
修改并重新签发日期为2020年11月18日的期票,签发给Adara保荐人有限责任公司。
|
| |
Form S-1
|
| |
333-250157
|
| |
10.2
|
| |
November 18, 2020
|
|
|
Exhibit
Number |
| | | | |
Incorporated by Reference
|
| |||||||||
|
Description of Document
|
| |
Schedule/Form
|
| |
File Number
|
| |
Exhibits
|
| |
Filing Date
|
| |||
| 10.2 | | |
注册人与Adara保荐人有限责任公司签订的证券认购协议,日期为2020年8月5日。
|
| |
Form S-1
|
| |
333-250157
|
| |
10.5
|
| |
November 18, 2020
|
|
| 10.3 | | |
Adara赔偿协议格式。
|
| |
Form S-1/A
|
| |
333-250157
|
| |
10.7
|
| | January 14, 2021 | |
| 10.4 | | | Adara、其高级管理人员、董事、Adara赞助商有限责任公司和Adara的其他初始股东之间于2021年2月8日签署的信函协议。 | | |
Form 8-K
|
| |
001-40014
|
| |
10.1
|
| | February 11, 2021 | |
| 10.5 | | | 本公司与作为受托人的大陆股票转让信托公司签订的投资管理信托协议,日期为2021年2月8日。 | | |
Form 8-K
|
| |
001-40014
|
| |
10.2
|
| | February 11, 2021 | |
| 10.6 | | |
本公司与某些证券持有人签订的登记权协议,日期为2021年2月8日。
|
| |
Form 8-K
|
| |
001-40014
|
| |
10.3
|
| | February 11, 2021 | |
| 10.7 | | |
公司和保荐人之间的私募认股权证购买协议,日期为2021年2月8日。
|
| |
Form 8-K
|
| |
001-40014
|
| |
10.4
|
| | February 11, 2021 | |
| 10.8 | | |
公司和赞助商之间签订的行政支持协议,日期为2021年2月8日。
|
| |
Form 8-K
|
| |
001-40014
|
| |
10.5
|
| | February 11, 2021 | |
| 10.9 | | |
锁定协议格式(包含在附件2.1中)。
|
| |
Form 8-K
|
| |
001-40014
|
| |
2.1
|
| | June 23, 2022 | |
| 10.10 | | |
联合娱乐控股公司2022年股权激励计划(作为本委托书/招股说明书附件C)。
|
| |
Form S-4
|
| |
333-266098
|
| |
10.10
|
| | July 12, 2022 | |
|
Exhibit
Number |
| | | | |
Incorporated by Reference
|
| |||||||||
|
Description of Document
|
| |
Schedule/Form
|
| |
File Number
|
| |
Exhibits
|
| |
Filing Date
|
| |||
| 10.11 | | | 合并公司赔偿协议格式 | | |
Form S-4
|
| |
333-266098
|
| |
10.11
|
| | October 18, 2022 | |
| 10.12 | | | 贷款和担保协议,日期为2017年2月21日,借款人为Alliance Entertainment Holding Corporation、Project Panther Acquisition Corporation、AEC Direct,LLC、Alliance Entertainment,LLC和Directtou,LLC,代理人为美国银行,唯一牵头安排人和唯一簿记管理人为美国银行 | | |
Form S-4
|
| |
333-266098
|
| |
10.12
|
| | October 18, 2022 | |
| 10.13 | | | 《贷款和安全协议修正案9》,日期为2022年1月24日,借款人为Alliance Entertainment Holding Corporation、Project Panther Acquisition Corporation、AEC Direct、LLC、Alliance Entertainment,LLC、Directtou、LLC、Mecca Electronics Industries,Inc.、Mill Creek Entertainment,LLC、Aeris Marketing、LLC和CokeM International,Ltd.,代理为美国银行。 | | |
Form S-4
|
| |
333-266098
|
| |
10.13
|
| | October 18, 2022 | |
|
Exhibit
Number |
| | | | |
Incorporated by Reference
|
| |||||||||
|
Description of Document
|
| |
Schedule/Form
|
| |
File Number
|
| |
Exhibits
|
| |
Filing Date
|
| |||
| 10.14 | | | 截至2022年5月4日,由Alliance Entertainment Holding Corporation、Project Panther Acquisition Corporation、AEC Direct、LLC、Alliance Entertainment LLC、Directtou、LLC、Mecca Electronics Industries,Inc.、Mill Creek Entertainment LLC、Aeris Marketing、LLC和CokeM International,Ltd.作为借款人,以及作为代理人的美国银行 | | |
Form S-4
|
| |
333-266098
|
| |
10.14
|
| | October 18, 2022 | |
| 10.15 | | | 作为借款人的Alliance Entertainment Holding Corporation,Project Panther Acquisition Corporation,AEC Direct,LLC,Alliance Entertainment,LLC,Directtou,LLC,Mecca Electronics Industries,Inc.,Mill Creek Entertainment,LLC和CokeM International,Ltd.作为借款人,以及作为代理人的美国银行,签署了截至2022年6月30日的贷款和安全协议修订号11。 | | |
Form S-4
|
| |
333-266098
|
| |
10.15
|
| | October 18, 2022 | |
| 10.16 | | | 由Liberty Property Limited Partnership和COKM International,Ltd.签订的租赁协议,日期为2017年8月18日。 | | |
Form S-4
|
| |
333-266098
|
| |
10.16
|
| | October 18, 2022 | |
| 10.17 | | | 《租赁第一修正案》,日期为2018年1月22日,由Liberty Property Limited Partnership和COKM International,Ltd.共同完成。 | | |
Form S-4
|
| |
333-266098
|
| |
10.17
|
| | October 18, 2022 | |
|
Exhibit
Number |
| | | | |
Incorporated by Reference
|
| |||||||||
|
Description of Document
|
| |
Schedule/Form
|
| |
File Number
|
| |
Exhibits
|
| |
Filing Date
|
| |||
| 10.18 | | | 多租户工业三重网租赁,日期为2007年12月14日,由Cedar Grove-Crossdock LLC和Alliance Entertainment LLC之间签订 | | |
Form S-4
|
| |
333-266098
|
| |
10.18
|
| | October 18, 2022 | |
| 10.19 | | |
KTR Lou I LLC和Alliance Entertainment LLC之间的租赁协议第一修正案,日期为2013年1月18日
|
| |
Form S-4
|
| |
333-266098
|
| |
10.19
|
| | October 18, 2022 | |
| 10.20 | | |
KTR Lou I LLC和Alliance Entertainment LLC之间的租赁协议第二修正案,日期为2014年8月1日
|
| |
Form S-4
|
| |
333-266098
|
| |
10.20
|
| | October 18, 2022 | |
| 10.21 | | |
Project Panther Acquisition Corporation和KTR Lou I LLC之间签订的担保协议,日期为2012年11月9日
|
| |
Form S-4
|
| |
333-266098
|
| |
10.21
|
| | October 18, 2022 | |
| 10.22 | | |
办公室租赁,日期为2011年1月7日,由法国海外公司LLC和Alliance Entertainment LLC之间签订
|
| |
Form S-4
|
| |
333-266098
|
| |
10.22
|
| | October 18, 2022 | |
| 10.23 | | |
法国海外有限责任公司和联合娱乐有限责任公司之间的租约第一修正案,日期为2012年1月31日
|
| |
Form S-4
|
| |
333-266098
|
| |
10.23
|
| | October 18, 2022 | |
| 10.24 | | |
法国海外有限责任公司和联合娱乐有限责任公司之间的租约第二修正案,日期为2016年8月
|
| |
Form S-4
|
| |
333-266098
|
| |
10.24
|
| | October 18, 2022 | |
| 10.25 | | |
标准工业租赁,日期为2020年8月12日,由SCRS Valley Park Business Center LLC和COKM International,Ltd.之间签订。
|
| |
Form S-4
|
| |
333-266098
|
| |
10.25
|
| | October 18, 2022 | |
|
Exhibit
Number |
| | | | |
Incorporated by Reference
|
| |||||||||
|
Description of Document
|
| |
Schedule/Form
|
| |
File Number
|
| |
Exhibits
|
| |
Filing Date
|
| |||
| 10.26 | | |
Liberty Property Limited Partnership和COKM International,Ltd.之间的租赁第二修正案,日期为2020年6月26日
|
| |
Form S-4
|
| |
333-266098
|
| |
10.26
|
| | October 18, 2022 | |
| 10.27 | | |
Alliance Entertainment Holding Corporation和Bruce Ogilvie之间的雇佣协议格式
|
| |
Form S-4
|
| |
333-266098
|
| |
10.27
|
| | October 18, 2022 | |
| 10.28 | | |
联合娱乐控股公司和杰弗里·沃克之间的雇佣协议格式
|
| |
Form S-4
|
| |
333-266098
|
| |
10.28
|
| | October 18, 2022 | |
| 23.1* | | | 经Adara的独立注册会计师事务所WithumSmith+Brown,PC同意。 | | | | | | | | | | | | | |
| 23.2* | | | BDO USA,LLP,Alliance的独立注册会计师事务所同意。 | | | | | | | | | | | | | |
| 23.3 | | |
Consent of Blank Rome LLP.
|
| |
Form S-4
|
| |
333-266098
|
| |
5.1
|
| | October 18, 2022 | |
| 24.1 | | | 授权书(包括在本S-4表格注册声明的签字页上)。 | | | | | | | | | | | | | |
| 99.1 | | |
布鲁斯·奥格尔维同意将其命名为董事。
|
| |
Form S-4
|
| |
333-266098
|
| |
99.1
|
| | July 12, 2022 | |
| 99.2 | | |
Jeff沃克同意被命名为董事。
|
| |
Form S-4
|
| |
333-266098
|
| |
99.2
|
| | July 12, 2022 | |
| 99.3 | | |
保罗·艾贝勒同意被提名为董事提名人。
|
| |
Form S-4
|
| |
333-266098
|
| |
99.3
|
| | July 12, 2022 | |
| 99.4 | | |
特丽莱亚·维伦加同意被提名为董事提名人。
|
| |
Form S-4
|
| |
333-266098
|
| |
99.4
|
| | July 12, 2022 | |
| 99.5 | | |
克里斯·纳格尔森同意被提名为董事提名人。
|
| |
Form S-4
|
| |
333-266098
|
| |
99.4
|
| |
November 23, 2022
|
|
| 99.6 | | |
Preliminary Proxy Card.
|
| |
Form S-4
|
| |
333-266098
|
| |
99.5
|
| | November 8, 2022 | |
|
Exhibit
Number |
| | | | |
Incorporated by Reference
|
| |||||||||
|
Description of Document
|
| |
Schedule/Form
|
| |
File Number
|
| |
Exhibits
|
| |
Filing Date
|
| |||
| 99.7* | | |
Consent of ThinkEquity LLC.
|
| | | | | | | | | | | | |
| 101.INS | | |
XBRL Instance Document.
|
| | | | | | | | | | | | |
| 101.CAL | | | XBRL分类扩展计算链接库文档。 | | | | | | | | | | | | | |
| 101.SCH | | | XBRL分类扩展架构文档。 | | | | | | | | | | | | | |
| 101.DEF | | | XBRL分类扩展定义Linkbase文档。 | | | | | | | | | | | | | |
| 101.LAB | | | XBRL分类扩展标签Linkbase文档。 | | | | | | | | | | | | | |
| 101.PRE | | | XBRL分类扩展演示文稿Linkbase文档。 | | | | | | | | | | | | | |
| 104 | | | 封面交互数据文件(格式为内联XBRL,包含在附件101中)。 | | | | | | | | | | | | | |
| 107 | | |
备案费表计算。
|
| |
Form S-4
|
| |
333-266098
|
| |
107
|
| | July 12, 2022 | |
|
Signature
|
| |
Title
|
| |
Date
|
|
|
/s/ Thomas Finke
Thomas Finke
|
| |
董事董事局主席兼首席执行官
(首席执行官) |
| |
November 30, 2022
|
|
|
/s/ Paul G. Porter
Paul G. Porter
|
| |
Chief Financial Officer
(首席财务官和首席会计官) |
| |
November 30, 2022
|
|
|
*
W. Tom Donaldson III
|
| |
Director
|
| |
November 30, 2022
|
|
|
*
Frank Quintero
|
| |
Director
|
| |
November 30, 2022
|
|
|
*
Dylan Glenn
|
| |
Director
|
| |
November 30, 2022
|
|
|
*
Beatriz Acevedo-Greiff
|
| |
Director
|
| |
November 30, 2022
|
|
|
* By:
|
| | /s/ Paul G. Porter | |
| | | |
保罗·G·波特,事实律师
|
|