Adara Acquisition Corp
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Company profile

Adara Acquisition Corp. is a blank check company. The Company is created for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company focuses on companies in the consumer products industry and related sectors. The Company has no operations and has no revenues.

Price
Delayed
$9.94
Day's Change
0.0008 (0.01%)
Bid
--
Ask
--
B/A Size
--
Day's High
9.96
Day's Low
9.94
Volume
(Light)

Today's volume of 1,033 shares is on pace to be much lighter than ADRA's 10-day average volume of 39,394 shares.

1,033

APPS LAWSUIT ALERT: Levi & Korsinsky Notifies Digital Turbine, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

5:45 am ET June 30, 2022 (PR Newswire) Print

Levi & Korsinsky, LLP notifies investors in Digital Turbine, Inc. ("Digital Turbine" or the "Company") (NASDAQ: APPS) of a class action securities lawsuit.

https://mma.prnewswire.com/media/1687309/LK_1920x1080_Logo.jpg

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Digital Turbine investors who were adversely affected by alleged securities fraud between August 9, 2021 and May 17, 2022. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/digital-turbine-inc-loss-submission-form?prid=29350&wire=4

APPS investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company's internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company's net revenues was overstated throughout fiscal 2022; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT'S NEXT? If you suffered a loss in Digital Turbine during the relevant time frame, you have until August 5, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Esq.Ed Korsinsky, Esq.55 Broadway, 10th FloorNew York, NY 10006jlevi@levikorsinsky.comTel: (212) 363-7500Fax: (212) 363-7171www.zlk.com

https://c212.net/c/img/favicon.png?sn=NY04346&sd=2022-06-30

View original content to download multimedia:https://www.prnewswire.com/news-releases/apps-lawsuit-alert-levi--korsinsky-notifies-digital-turbine-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301577951.html

SOURCE Levi & Korsinsky, LLP

https://rt.prnewswire.com/rt.gif?NewsItemId=NY04346&Transmission_Id=202206300545PR_NEWS_USPR_____NY04346&DateId=20220630

comtex tracking

COMTEX_409469905/1005/2022-06-30T05:45:09

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