{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-12T03:48:31.841568+00:00","company":{"ticker":"AREN","cik":894871,"company_name":"Arena Group Holdings, Inc."},"pagination":{"limit":100,"returned":74,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"Simplify Inventions, LLC","detail":"credit_facility","count":4,"first_seen":"2023-08-14T23:59:59+00:00","last_seen":"2026-01-07T23:59:59+00:00","evidence_fact_ids":[35995,66057,75232,119933]},{"display_name":"SLR Digital Finance LLC","detail":"credit_facility","count":3,"first_seen":"2022-12-20T23:59:59+00:00","last_seen":"2024-03-20T23:59:59+00:00","evidence_fact_ids":[66058,114983,190169]},{"display_name":"A360 Media, LLC and Weider Publications, LLC","detail":"asset_purchase","count":1,"first_seen":"2022-12-13T23:59:59+00:00","last_seen":"2022-12-13T23:59:59+00:00","evidence_fact_ids":[191717]},{"display_name":"ABG-SI LLC","detail":"license","count":1,"first_seen":"2024-01-19T23:59:59+00:00","last_seen":"2024-01-19T23:59:59+00:00","evidence_fact_ids":[80796]},{"display_name":"BRF Finance Co., LLC and other purchasers","detail":"notes_offering","count":1,"first_seen":"2023-08-14T23:59:59+00:00","last_seen":"2023-08-14T23:59:59+00:00","evidence_fact_ids":[119935]},{"display_name":"BRF Finance Co., LLC, as agent and purchaser, and the other purchasers from time to time party thereto","detail":"notes_offering","count":1,"first_seen":"2022-12-20T23:59:59+00:00","last_seen":"2022-12-20T23:59:59+00:00","evidence_fact_ids":[190168]},{"display_name":"Renew Group Private Limited","detail":"credit_facility","count":1,"first_seen":"2026-01-07T23:59:59+00:00","last_seen":"2026-01-07T23:59:59+00:00","evidence_fact_ids":[35996]},{"display_name":"Simplify Inventions, LLC, Bridge Media Networks, LLC, New Arena Holdco, Inc., Energy Merger Sub I, LLC, Energy Merger Sub II, LLC","detail":"merger","count":1,"first_seen":"2023-12-05T23:59:59+00:00","last_seen":"2023-12-05T23:59:59+00:00","evidence_fact_ids":[90293]},{"display_name":"Simplify Inventions, LLC, Bridge Media Networks, LLC, New Arena Holdco, Inc., Energy Merger Sub I, LLC, and Energy Merger Sub II, LLC","detail":"merger","count":1,"first_seen":"2023-11-07T23:59:59+00:00","last_seen":"2023-11-07T23:59:59+00:00","evidence_fact_ids":[98218]},{"display_name":"certain stockholders of the Company","detail":"other","count":1,"first_seen":"2023-08-14T23:59:59+00:00","last_seen":"2023-08-14T23:59:59+00:00","evidence_fact_ids":[119934]}],"lender":[{"display_name":"Renew Group Private Limited","detail":"loan","count":2,"first_seen":"2024-01-05T23:59:59+00:00","last_seen":"2026-01-07T23:59:59+00:00","evidence_fact_ids":[35659,83430]},{"display_name":"SLR Digital Finance LLC","detail":"credit_facility","count":2,"first_seen":"2022-12-20T23:59:59+00:00","last_seen":"2024-01-05T23:59:59+00:00","evidence_fact_ids":[83431,190172]},{"display_name":"Simplify Inventions, LLC","detail":"credit_facility","count":2,"first_seen":"2024-03-20T23:59:59+00:00","last_seen":"2026-01-07T23:59:59+00:00","evidence_fact_ids":[35658,66059]},{"display_name":"BRF Finance Co., LLC","detail":"senior_notes","count":1,"first_seen":"2022-12-20T23:59:59+00:00","last_seen":"2022-12-20T23:59:59+00:00","evidence_fact_ids":[190171]}],"ma_counterparty":[{"display_name":"A360 Media, LLC and Weider Publications, LLC","detail":"acquisition","count":1,"first_seen":"2022-12-20T23:59:59+00:00","last_seen":"2022-12-20T23:59:59+00:00","evidence_fact_ids":[190174]},{"display_name":"Simplify Inventions, LLC","detail":"change_of_control","count":1,"first_seen":"2024-02-14T23:59:59+00:00","last_seen":"2024-02-14T23:59:59+00:00","evidence_fact_ids":[75236]}]},"facts":[{"fact_type":"earnings_release","fact_key":"9a8c215834899d6fa5537acf904b2950a4d9b5ef","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2026-05-11T20:03:38+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$2.7 million","period_text":"the three months ending March 31, 2026","report_date":"2026-05-11","result_type":"reported_results","revenue_text":"$20.4 million"},"claim":"Arena Group Holdings, Inc. reported the three months ending March 31, 2026 results: revenue $20.4 million, net income $2.7 million.","evidence_excerpt":"The Arena Group Reports Q1 2026 Results Monetization Strategy Optimization, Licensing and Commerce Growth, and AI Adoption Efforts Fuel 2026 Momentum NEW YORK – May 11, 2026 – The Arena Group Holdings, Inc. (NYSE American: AREN) (“The Arena Group” or “Arena”), the brand, data and IP company home to many of the nation's most recognizable brands, including Parade, TheStreet, Men’s Journal, Athlon Sports, ShopHQ and the Adventure Network (including Surfer, Powder, Bike Magazine and more), today announced financial results for the three months ending March 31, 2026 (“Q1 2026”). Financial Highlights for Q1 2026: • First quarter revenue was $20.4 million, compared to $31.8 million in Q1 2025, and gross margin was 34.8% in Q1 2026, compared to 49.4% in Q1 2025, reflecting changes in referral traffic patterns between periods alongside the impact of strategic technical testing performed in Q1 2026 to drive yield and accelerate long-term audience growth. • Net loss was $2.7 million, or -13.2% of","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-26-033431","anchor_url":"https://secwatch.observer/filing/0001628280-26-033431#claim-9a8c215834899d6fa5537acf904b2950a4d9b5ef","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000162828026033431/0001628280-26-033431-index.htm"},{"fact_type":"earnings_release","fact_key":"1e8054d8eb1ad44a052eddf4692d35d07b991f29","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2026-03-17T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$28.6 million","period_text":"the year ended December 31, 2025","report_date":"2026-03-17","result_type":"reported_results","revenue_text":"$134.8 million"},"claim":"Arena Group Holdings, Inc. reported the year ended December 31, 2025 results: revenue $134.8 million, net income $28.6 million.","evidence_excerpt":"Full year revenue increased to $134.8 million in 2025 from $125.9 million in 2024 as the result of growth in our non-advertising revenue streams. Full year gross margin significantly expanded to 50.7% in 2025 compared to 44.2% in 2024. Income from continuing operations for 2025 was $28.6 million, up from a loss of $7.7 million in 2024.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-010438","anchor_url":"https://secwatch.observer/filing/0001493152-26-010438#claim-1e8054d8eb1ad44a052eddf4692d35d07b991f29","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315226010438/0001493152-26-010438-index.htm"},{"fact_type":"earnings_release","fact_key":"15218d0343cfb41da4255d46e037b26a2ed7222b","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2026-03-17T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the quarter and year ended December 31, 2025","report_date":"2026-03-17","result_type":"preliminary_results","revenue_text":null},"claim":"Arena Group Holdings, Inc. reported preliminary financial results for the quarter and year ended December 31, 2025.","evidence_excerpt":"On March 17, 2026, The Arena Group Holdings, Inc. (the “Company”) posted to its investor relations website at https://investors.thearenagroup.net/events-and-presentations/presentations , as well as on its LinkedIn, Instagram and X (formerly known as Twitter) pages, a video presentation by Paul Edmondson, the Company’s Chief Executive Officer, discussing the Company’s business and financial results for the quarter and year ended December 31, 2025.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-010438","anchor_url":"https://secwatch.observer/filing/0001493152-26-010438#claim-15218d0343cfb41da4255d46e037b26a2ed7222b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315226010438/0001493152-26-010438-index.htm"},{"fact_type":"earnings_release","fact_key":"e7c060b226d5d843f181fe51f776a8b0d20b63f3","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2026-03-16T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$5.3 million","period_text":"the quarter and year ended December 31, 2025","report_date":"2026-03-16","result_type":"reported_results","revenue_text":"$28.2 million"},"claim":"Arena Group Holdings, Inc. reported the quarter and year ended December 31, 2025 results: revenue $28.2 million, net income $5.3 million.","evidence_excerpt":"for the three months ending December 31, 2025 (“Q4 2025”) and the year ended December 31, 2025 (“FY\n2025”). Financial\nHighlights for Q4 2025: ● Fourth\n quarter revenue was $28.2 million, compared to $36.2 million in Q4 2024. Despite this reduction\n in revenue, gross margin was a robust 43.6% in Q4 2025, compared to 52.8% in Q4 2024, demonstrating\n the resilience","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-010267","anchor_url":"https://secwatch.observer/filing/0001493152-26-010267#claim-e7c060b226d5d843f181fe51f776a8b0d20b63f3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315226010267/0001493152-26-010267-index.htm"},{"fact_type":"material_agreement","fact_key":"030f9d6acdb251c7931207fe1737a1f79176c4d1","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2026-01-07T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Renew Amendment","agreement_type":"credit_facility","counterparty":"Renew Group Private Limited","effective_date":"2025-12-31","item_codes_triggered":["1.01"],"value_text":"$13.0 million payment"},"claim":"Arena Group Holdings, Inc. amended Renew Amendment with Renew Group Private Limited valued at $13.0 million payment (effective 2025-12-31).","evidence_excerpt":"On December 31, 2025, the Company entered into an amendment (the “Renew Amendment”) to its Third Amended and Restated Note Purchase Agreement dated December 15, 2022, as amended on August 14, 2023, December 1, 2023 and July 12, 2024, with Renew Group Private Limited (“Renew”), as lender (the “Renew Loan”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-000851","anchor_url":"https://secwatch.observer/filing/0001493152-26-000851#claim-030f9d6acdb251c7931207fe1737a1f79176c4d1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315226000851/0001493152-26-000851-index.htm"},{"fact_type":"material_agreement","fact_key":"ccf6775caa5b92da5c7f76c8906d00220740dec9","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2026-01-07T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Simplify Amendment","agreement_type":"credit_facility","counterparty":"Simplify Inventions, LLC","effective_date":"2025-12-31","item_codes_triggered":["1.01"],"value_text":"up to $25 million"},"claim":"Arena Group Holdings, Inc. amended Simplify Amendment with Simplify Inventions, LLC valued at up to $25 million (effective 2025-12-31).","evidence_excerpt":"On December 31, 2025, The Arena Group Holdings, Inc. (the “Company”) entered into an amendment (the “Simplify Amendment”) to its loan agreement dated March 13, 2024, as amended on August 19, 2024, with Simplify Inventions, LLC (“Simplify”) as lender (the “Simplify Loan”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-000851","anchor_url":"https://secwatch.observer/filing/0001493152-26-000851#claim-ccf6775caa5b92da5c7f76c8906d00220740dec9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315226000851/0001493152-26-000851-index.htm"},{"fact_type":"debt_financing","fact_key":"a610765d618e6717c2e1a1dd36e06514591fe39e","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2026-01-07T23:59:59+00:00","payload":{"counterparty":"Renew Group Private Limited","effective_date":"2025-12-31","event":"amendment","instrument_type":"loan","interest_rate_text":null,"item_codes_triggered":["2.03"],"maturity_text":"December 31, 2027","principal_text":null},"claim":"Arena Group Holdings, Inc. amended loan with Renew Group Private Limited maturing December 31, 2027.","evidence_excerpt":"greement dated December 15, 2022, as amended on August 14, 2023, December 1, 2023 and July 12, 2024, with Renew Group Private Limited\n(“Renew”), as lender (the “Renew Loan”). As amended, the Renew Loan will mature on December 31, 2027.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-000851","anchor_url":"https://secwatch.observer/filing/0001493152-26-000851#claim-a610765d618e6717c2e1a1dd36e06514591fe39e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315226000851/0001493152-26-000851-index.htm"},{"fact_type":"debt_financing","fact_key":"ee14cc8b11c9679f030c66daa45b4b3b415555cf","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2026-01-07T23:59:59+00:00","payload":{"counterparty":"Simplify Inventions, LLC","effective_date":"2025-12-31","event":"amendment","instrument_type":"credit_facility","interest_rate_text":null,"item_codes_triggered":["2.03"],"maturity_text":"December 31, 2027","principal_text":"up to $25 million"},"claim":"Arena Group Holdings, Inc. amended credit facility of up to $25 million with Simplify Inventions, LLC maturing December 31, 2027.","evidence_excerpt":"the Simplify Loan provides for up to $25 million of borrowings, reduced from $50 million, and will mature on December 31, 2027.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-000851","anchor_url":"https://secwatch.observer/filing/0001493152-26-000851#claim-ee14cc8b11c9679f030c66daa45b4b3b415555cf","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315226000851/0001493152-26-000851-index.htm"},{"fact_type":"auditor_change","fact_key":"6f2d872f76df60deb92cb3a49fc063d755656bc7","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2025-07-15T23:59:59+00:00","payload":{"action":"engagement","auditor_name":"BDO USA, P.C.","disagreement_text":null,"effective_date":"2025-07-11","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":null},"claim":"Arena Group Holdings, Inc. engaged BDO USA, P.C. as its auditor.","evidence_excerpt":"ewly Appointed Independent Registered Public Accountant On\nJuly 11, 2025, the Committee approved the appointment of BDO USA, P.C. (“BDO”) as the Company’s independent registered\npublic accounting firm to perform independent audit services, effective immediately. The selection of BDO as the Company’s independent\nregistered accounting firm was also approved by the Board.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001641172-25-019559","anchor_url":"https://secwatch.observer/filing/0001641172-25-019559#claim-6f2d872f76df60deb92cb3a49fc063d755656bc7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000164117225019559/0001641172-25-019559-index.htm"},{"fact_type":"auditor_change","fact_key":"c9bb0ded82e4710aba8af20f924153304f4051b1","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2025-07-15T23:59:59+00:00","payload":{"action":"dismissal","auditor_name":"KPMG LLP","disagreement_text":null,"effective_date":"2025-07-11","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":"BDO USA, P.C."},"claim":"Arena Group Holdings, Inc. dismissed KPMG LLP as its auditor.","evidence_excerpt":"approved the dismissal of KPMG LLP (\"KPMG\") as the Company's independent registered public accounting firm, effective immediately.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001641172-25-019559","anchor_url":"https://secwatch.observer/filing/0001641172-25-019559#claim-c9bb0ded82e4710aba8af20f924153304f4051b1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000164117225019559/0001641172-25-019559-index.htm"},{"fact_type":"executive_change","fact_key":"9fadfcea69","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2025-04-29T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-04-28","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Lynn Petersmarck was appointed as Director at Arena Group Holdings, Inc..","evidence_excerpt":"In addition, on April 28, 2025, Lynn Petersmarck was appointed to the Board.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001641172-25-006683","anchor_url":"https://secwatch.observer/filing/0001641172-25-006683#claim-9fadfcea69","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000164117225006683/0001641172-25-006683-index.htm"},{"fact_type":"executive_change","fact_key":"3dacb52bd1","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2025-04-29T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2025-04-28","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Carlo Zola resigned as Director at Arena Group Holdings, Inc..","evidence_excerpt":"On April 28, 2025, each of Christopher Fowler, Laura Lee, Christopher Petzel, and Carlo Zola notified The Arena Group Holdings, Inc. (the \"Company\") that they would resign from the Company's board of directors (the \"Board\") and all committees thereof, effective as of April 28, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001641172-25-006683","anchor_url":"https://secwatch.observer/filing/0001641172-25-006683#claim-3dacb52bd1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000164117225006683/0001641172-25-006683-index.htm"},{"fact_type":"executive_change","fact_key":"13e58f6f7b","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2025-04-29T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2025-04-28","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Christopher Petzel resigned as Director at Arena Group Holdings, Inc..","evidence_excerpt":"On April 28, 2025, each of Christopher Fowler, Laura Lee, Christopher Petzel, and Carlo Zola notified The Arena Group Holdings, Inc. 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(the “Company”) received email correspondence from Ross Levinsohn tendering his resignation (the “Resignation Email”) as a member of the Board of Directors (the “Board”) of the Company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-24-003753","anchor_url":"https://secwatch.observer/filing/0001493152-24-003753#claim-e5af4e0164","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224003753/0001493152-24-003753-index.htm"},{"fact_type":"restructuring_charge","fact_key":"847d393eba93becc8f73e75a092bdf36f0c8c197","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2024-01-19T23:59:59+00:00","payload":{"affected_area":null,"charge_text":"approximately $5 million to $7 million","effective_date":"2024-01-18","event_type":"restructuring","headcount_text":"approximately one-third of its current workforce","item_codes_triggered":["2.05"]},"claim":"Arena Group Holdings, Inc. announced a restructuring with charges of approximately $5 million to $7 million (approximately one-third of its current workforce).","evidence_excerpt":"Where required,\nworker adjustment and retraining notification (“WARN”) shall be given. In\nconnection with these actions, the Company estimates that it will incur approximately $5 million to $7 million in total\nrestructuring charges, the substantial majority of which are future cash-based expenditures and substantially all of which are related\nto, employee","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-24-003019","anchor_url":"https://secwatch.observer/filing/0001493152-24-003019#claim-847d393eba93becc8f73e75a092bdf36f0c8c197","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224003019/0001493152-24-003019-index.htm"},{"fact_type":"material_agreement","fact_key":"36912809267b94670b496f845481a5500378a070","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2024-01-19T23:59:59+00:00","payload":{"action":"termination","agreement_name":"Licensing Agreement","agreement_type":"license","counterparty":"ABG-SI LLC","effective_date":"2024-01-18","item_codes_triggered":["1.02"],"value_text":"Termination of Licensing Agreement; $45 million fee became due; outstanding warrants vested"},"claim":"Arena Group Holdings, Inc. terminated Licensing Agreement with ABG-SI LLC valued at Termination of Licensing Agreement; $45 million fee became due; outstanding warrants vested (effective 2024-01-18).","evidence_excerpt":"On January 18, 2024, ABG notified the Company of its intention to terminate the Licensing Agreement, effective immediately, in accordance with its rights under the Licensing Agreement.","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001493152-24-003019","anchor_url":"https://secwatch.observer/filing/0001493152-24-003019#claim-36912809267b94670b496f845481a5500378a070","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224003019/0001493152-24-003019-index.htm"},{"fact_type":"debt_financing","fact_key":"06767bcf2cb867d280da675dc26c0e6a0c23457a","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2024-01-05T23:59:59+00:00","payload":{"counterparty":"SLR Digital Finance LLC","effective_date":"2023-12-29","event":"default","instrument_type":"credit_facility","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"approximately $19,609,000"},"claim":"Arena Group Holdings, Inc. reported a default on credit facility of approximately $19,609,000 with SLR Digital Finance LLC.","evidence_excerpt":"of cross-default with SLR Digital Finance\nLLC (“SLR”). The Company is in discussion with SLR. The principal amount due under the credit facility with SLR was approximately $ 19,609,000 as of December 31, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-24-001619","anchor_url":"https://secwatch.observer/filing/0001493152-24-001619#claim-06767bcf2cb867d280da675dc26c0e6a0c23457a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224001619/0001493152-24-001619-index.htm"},{"fact_type":"debt_financing","fact_key":"55232396b891165f74448a3b2420b04f005a6721","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2024-01-05T23:59:59+00:00","payload":{"counterparty":"Renew Group Private Limited","effective_date":"2023-12-29","event":"default","instrument_type":"senior_notes","interest_rate_text":null,"item_codes_triggered":["2.04"],"maturity_text":null,"principal_text":"approximately $110,691,000"},"claim":"Arena Group Holdings, Inc. reported a default on senior notes of approximately $110,691,000 with Renew Group Private Limited.","evidence_excerpt":"Renew Group Private Limited (“RGPL” and the “RGPL Notes” respectively) in the amount\nof approximately $2,797,000. The outstanding principal on the RGPL Notes was approximately $110,691,000 as of December 31, 2023. This\ncreated an event of default under the RGPL Notes (the “RGPL Default”). The Company is currently in discussions with RGPL\nto restructure and/or amend","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-24-001619","anchor_url":"https://secwatch.observer/filing/0001493152-24-001619#claim-55232396b891165f74448a3b2420b04f005a6721","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224001619/0001493152-24-001619-index.htm"},{"fact_type":"executive_change","fact_key":"0fd3f695ff","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2024-01-05T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":null,"interim":false,"role":"Chief Business Transformation Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Jason Frankl was appointed as Chief Business Transformation Officer at Arena Group Holdings, Inc..","evidence_excerpt":"As of part of it, Jason Frankl, a senior managing director of FTI, was appointed as the Company’s Chief Business Transformation Officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-24-001619","anchor_url":"https://secwatch.observer/filing/0001493152-24-001619#claim-0fd3f695ff","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224001619/0001493152-24-001619-index.htm"},{"fact_type":"executive_change","fact_key":"01468223b7","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2024-01-05T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2024-01-04","interim":true,"role":"interim Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Manoj Bhargava resigned as interim Chief Executive Officer at Arena Group Holdings, Inc..","evidence_excerpt":"On January 4, 2024, the Board of Directors of the Company (the “Board”) accepted the resignation of Manoj Bhargava from his position as interim Chief Executive Officer effective immediately.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-24-001619","anchor_url":"https://secwatch.observer/filing/0001493152-24-001619#claim-01468223b7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224001619/0001493152-24-001619-index.htm"},{"fact_type":"executive_change","fact_key":"8c5b0b4ddd","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-12-15T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-12-11","interim":true,"role":"Interim Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Manoj Bhargava was appointed as Interim Chief Executive Officer at Arena Group Holdings, Inc..","evidence_excerpt":"On December 11, 2023, the board of directors (the “Board”) of The Arena Group Holdings, Inc. (the “Company”) appointed Manoj Bhargava as the Company’s Interim Chief Executive Officer, effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-045041","anchor_url":"https://secwatch.observer/filing/0001493152-23-045041#claim-8c5b0b4ddd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223045041/0001493152-23-045041-index.htm"},{"fact_type":"executive_change","fact_key":"871d52e6f1","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-12-11T23:59:59+00:00","payload":{"action":"terminated","action_category":"departure","departure_tone":"termination","effective_date":"2023-12-05","interim":false,"role":"President, Operations","role_category":"president","successor_name":null,"successor_named":false},"claim":"Andrew Kraft was terminated as President, Operations at Arena Group Holdings, Inc..","evidence_excerpt":"On December 5, 2023, The Arena Group Holdings, Inc. (the “Company”) terminated the employment of each of H. Robertson Barrett and Andrew Kraft, the Company’s President, Media and President, Operations, respectively.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-044408","anchor_url":"https://secwatch.observer/filing/0001493152-23-044408#claim-871d52e6f1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223044408/0001493152-23-044408-index.htm"},{"fact_type":"executive_change","fact_key":"ab43d13c58","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-12-11T23:59:59+00:00","payload":{"action":"terminated","action_category":"departure","departure_tone":"termination","effective_date":"2023-12-05","interim":false,"role":"President, Media","role_category":"president","successor_name":null,"successor_named":false},"claim":"H. Robertson Barrett was terminated as President, Media at Arena Group Holdings, Inc..","evidence_excerpt":"On December 5, 2023, The Arena Group Holdings, Inc. (the “Company”) terminated the employment of each of H. Robertson Barrett and Andrew Kraft, the Company’s President, Media and President, Operations, respectively.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-044408","anchor_url":"https://secwatch.observer/filing/0001493152-23-044408#claim-ab43d13c58","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223044408/0001493152-23-044408-index.htm"},{"fact_type":"executive_change","fact_key":"b2601df5bc","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-12-11T23:59:59+00:00","payload":{"action":"terminated","action_category":"departure","departure_tone":"termination","effective_date":"2023-12-11","interim":false,"role":"Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Ross Levinsohn was terminated as Chief Executive Officer at Arena Group Holdings, Inc..","evidence_excerpt":"on December 11, 2023, the Company’s board of directors terminated the employment of Ross Levinsohn, the Company’s Chief Executive Officer, effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-044408","anchor_url":"https://secwatch.observer/filing/0001493152-23-044408#claim-b2601df5bc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223044408/0001493152-23-044408-index.htm"},{"fact_type":"material_agreement","fact_key":"bfad76ae6ff1d8c8587f3da7f7ddfb38f7a3758b","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-12-05T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"BCA Amendment","agreement_type":"merger","counterparty":"Simplify Inventions, LLC, Bridge Media Networks, LLC, New Arena Holdco, Inc., Energy Merger Sub I, LLC, Energy Merger Sub II, LLC","effective_date":"2023-12-01","item_codes_triggered":["1.01"],"value_text":null},"claim":"Arena Group Holdings, Inc. amended BCA Amendment with Simplify Inventions, LLC, Bridge Media Networks, LLC, New Arena Holdco, Inc., Energy Merger Sub I, LLC, Energy Merger Sub II, LLC (effective 2023-12-01).","evidence_excerpt":"On December 1, 2023, The Arena Group Holdings, Inc., a Delaware corporation (the “Company”), entered into an amendment (the “BCA Amendment”) to the previously announced Business Combination Agreement, dated November 5, 2023 (the “Business Combination Agreement”), by and among the Company, Simplify Inventions, LLC, a Delaware limited liability company (“Simplify”), Bridge Media Networks, LLC, a Michigan limited liability company and a wholly owned subsidiary of Simplify (“Bridge Media”), New Arena Holdco, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Newco” and, following the consummation of the Mergers (as defined in the Business Combination Agreement), “New Arena”), Energy Merger Sub I, LLC, a Delaware limited liability company and a wholly owned subsidiary of Newco, and Energy Merger Sub II, LLC a Delaware limited 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Shribman, effective upon the closing of the Simplify Purchase Transactions.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-043697","anchor_url":"https://secwatch.observer/filing/0001493152-23-043697#claim-7b6a572fba","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223043697/0001493152-23-043697-index.htm"},{"fact_type":"executive_change","fact_key":"2bbdd34635","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-12-05T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":null,"interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Cavitt Randall was appointed as Director at Arena Group Holdings, Inc..","evidence_excerpt":"the Board appointed each of Cavitt Randall and Christopher Fowler to fill the vacancies created by Mr. Sims and Mr. Shribman, 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closing of the Simplify Purchase Transactions.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-043697","anchor_url":"https://secwatch.observer/filing/0001493152-23-043697#claim-a54f3fc9a7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223043697/0001493152-23-043697-index.htm"},{"fact_type":"material_agreement","fact_key":"38255afcd0e4f66b7049f001add9d56b1b56b1a6","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-11-07T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Business Combination Agreement","agreement_type":"merger","counterparty":"Simplify Inventions, LLC, Bridge Media Networks, LLC, New Arena Holdco, Inc., Energy Merger Sub I, LLC, and Energy Merger Sub II, LLC","effective_date":"2023-11-05","item_codes_triggered":["1.01"],"value_text":"Business Combination Agreement dated November 5, 2023 among Arena, Simplify, Bridge Media, Newco, Me"},"claim":"Arena Group 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Entry into a Material Definitive Agreement. Business Combination Agreement On November 5, 2023, The Arena Group Holdings, Inc., a Delaware corporation (“Arena”), Simplify Inventions, LLC, a Delaware limited liability company (“Simplify”), Bridge Media Networks, LLC, a Michigan limited liability company and a wholly owned subsidiary of Simplify (“Bridge Media”), New Arena Holdco, Inc., a Delaware corporation and a wholly owned subsidiary of Arena (“Newco” and, following the consummation of the Mergers (as defined below, “New Arena”)), Energy Merger Sub I, LLC, a Delaware limited liability company and a wholly owned subsidiary of Newco (“Merger Sub 1”), and Energy Merger Sub II, LLC a Delaware limited liability company and a wholly owned subsidiary of Newco (“Merger Sub 2”), entered into a Business Combination Agreement (the “Transaction Agreement”) in connection with the previously announced binding letter of intent between Arena and Simplify, dated August 14, 2023.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-039749","anchor_url":"https://secwatch.observer/filing/0001493152-23-039749#claim-38255afcd0e4f66b7049f001add9d56b1b56b1a6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223039749/0001493152-23-039749-index.htm"},{"fact_type":"debt_financing","fact_key":"5f02e2ef73929dda96f83533f798ed6894fa87dc","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-09-07T23:59:59+00:00","payload":{"counterparty":null,"effective_date":"2023-08-31","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":null,"item_codes_triggered":["2.03"],"maturity_text":null,"principal_text":"$5.0 million in aggregate principal amount"},"claim":"Arena Group Holdings, Inc. incurred senior notes of $5.0 million in aggregate principal amount.","evidence_excerpt":"the Company issued $5.0 million in aggregate principal amount of senior secured notes (the “Notes”) pursuant to the Note Purchase Agreement","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-031976","anchor_url":"https://secwatch.observer/filing/0001493152-23-031976#claim-5f02e2ef73929dda96f83533f798ed6894fa87dc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223031976/0001493152-23-031976-index.htm"},{"fact_type":"material_agreement","fact_key":"f117a2b81ff90dbfaca62abe5510bfd0ad0c677d","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-09-07T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Financing and Security Agreement Amendment","agreement_type":"credit_facility","counterparty":"SLR Digital Finance LLC","effective_date":"2023-08-31","item_codes_triggered":["1.01"],"value_text":"Maturity extended to December 31, 2025; Event of Default if LOI transaction not consummated by March"},"claim":"Arena Group Holdings, Inc. amended Financing and Security Agreement Amendment with SLR Digital Finance LLC valued at Maturity extended to December 31, 2025; Event of Default if LOI transaction not consummated by March (effective 2023-08-31).","evidence_excerpt":"On August 31, 2023, The Arena Group Holdings, Inc. (the “Company”) entered into an amendment to its financing and security agreement (the “FSA Amendment”), by and among the Company, certain subsidiaries of the Company party thereto and SLR Digital Finance LLC (f/k/a Fast Pay Partners LLC) (“SLR”), pursuant to which (i) the maturity date of the Company’s line of credit was extended to December 31, 2025 and (ii) an Event of Default will occur if the transactions contemplated by the Company’s previously announced letter of intent with Simply Inventions, LLC (the “Transaction”) are not consummated by March 31, 2024 (or June 30, 2024 if the lenders under the Company’s Third Amended and Restated Note Purchase Agreement, dated as of December 15, 2022 (as amended to date, the “Note Purchase Agreement”), agree to extend the deadline for consummation of the Transaction contained therein to March 31, 2024 or thereafter).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-031976","anchor_url":"https://secwatch.observer/filing/0001493152-23-031976#claim-f117a2b81ff90dbfaca62abe5510bfd0ad0c677d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223031976/0001493152-23-031976-index.htm"},{"fact_type":"earnings_release","fact_key":"5cb62413d5b06ba649dca0db782eea082739e548","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-08-14T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the three and six months ended June 30, 2023 (\"Q2 2023\")","report_date":"2023-08-14","result_type":"reported_results","revenue_text":"$58.8 million"},"claim":"Arena Group Holdings, Inc. reported the three and six months ended June 30, 2023 (\"Q2 2023\") results: revenue $58.8 million.","evidence_excerpt":"and Exchange Commission (the “SEC”)\n and a press release issued today, August 14, 2023. Second\nQuarter 2023 Financial and Operational Highlights ● Revenue\n increased 9% to $58.8 million compared to $53.8 million in the prior year period. ● Digital\n advertising revenue increased by 19% to $29.3 million from $24.7 million in the prior year\n period. This was aided","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-028508","anchor_url":"https://secwatch.observer/filing/0001493152-23-028508#claim-5cb62413d5b06ba649dca0db782eea082739e548","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223028508/0001493152-23-028508-index.htm"},{"fact_type":"material_agreement","fact_key":"c9567271b54cdbfe5c1cf69cd8a0de304a90b729","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-08-14T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Amendment","agreement_type":"notes_offering","counterparty":"BRF Finance Co., LLC and other purchasers","effective_date":"2023-08-14","item_codes_triggered":["1.01"],"value_text":"$5 million aggregate principal amount of senior secured notes"},"claim":"Arena Group Holdings, Inc. amended Amendment with BRF Finance Co., LLC and other purchasers valued at $5 million aggregate principal amount of senior secured notes (effective 2023-08-14).","evidence_excerpt":"on August 14, 2023, the Company entered into an amendment (the “Amendment”) to the Third Amended and Restated Note Purchase Agreement","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-028508","anchor_url":"https://secwatch.observer/filing/0001493152-23-028508#claim-c9567271b54cdbfe5c1cf69cd8a0de304a90b729","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223028508/0001493152-23-028508-index.htm"},{"fact_type":"material_agreement","fact_key":"9769422b84d42a5fad959899747a565c49222929","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-08-14T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Voting Agreements","agreement_type":"other","counterparty":"certain stockholders of the Company","effective_date":"2023-08-14","item_codes_triggered":["1.01"],"value_text":null},"claim":"Arena Group Holdings, Inc. entered into Voting Agreements with certain stockholders of the Company (effective 2023-08-14).","evidence_excerpt":"Certain stockholders of the Company entered into voting and support agreements (the “Voting Agreements”) with the Company concurrently with the execution of the Letter of Intent","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-028508","anchor_url":"https://secwatch.observer/filing/0001493152-23-028508#claim-9769422b84d42a5fad959899747a565c49222929","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223028508/0001493152-23-028508-index.htm"},{"fact_type":"material_agreement","fact_key":"82bf15d2a4b966d8f2b473b7ab5acea373215697","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-08-14T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Letter of Intent","agreement_type":"other","counterparty":"Simplify Inventions, LLC","effective_date":"2023-08-14","item_codes_triggered":["1.01"],"value_text":null},"claim":"Arena Group Holdings, Inc. entered into Letter of Intent with Simplify Inventions, LLC (effective 2023-08-14).","evidence_excerpt":"On August 14, 2023, The Arena Group Holdings, Inc. (the “Company”) entered into a binding letter of intent (the “Letter of Intent”) with Simplify Inventions, LLC (“Simplify”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-028508","anchor_url":"https://secwatch.observer/filing/0001493152-23-028508#claim-82bf15d2a4b966d8f2b473b7ab5acea373215697","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223028508/0001493152-23-028508-index.htm"},{"fact_type":"executive_change","fact_key":"d49f87c3de","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-06-30T23:59:59+00:00","payload":{"action":"stepped down","action_category":"departure","departure_tone":"routine","effective_date":"2023-06-30","interim":false,"role":"Chief Revenue Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Avi Zimak departed as Chief Revenue Officer at Arena Group Holdings, Inc..","evidence_excerpt":"On June 27, 2023 , Avi Zimak, Chief Revenue Officer of The Arena Group Holdings, Inc. (the “Company”) and the Company agreed that Mr. Zimak would step down as the Company’s Chief Revenue Officer , effective June 30, 2023 .","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-023067","anchor_url":"https://secwatch.observer/filing/0001493152-23-023067#claim-d49f87c3de","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223023067/0001493152-23-023067-index.htm"},{"fact_type":"executive_change","fact_key":"9bb38c1b9f","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-06-07T23:59:59+00:00","payload":{"action":"appointed","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2023-06-05","interim":false,"role":"principal accounting officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Douglas B. Smith was appointed as principal accounting officer at Arena Group Holdings, Inc..","evidence_excerpt":"On June 5, 2023, the Board of Directors of The Arena Group Holdings, Inc. (the “Company”) appointed Douglas B. Smith , the Company’s Chief Financial Officer and principal financial officer, to also serve as the Company’s principal accounting officer, effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-020414","anchor_url":"https://secwatch.observer/filing/0001493152-23-020414#claim-9bb38c1b9f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223020414/0001493152-23-020414-index.htm"},{"fact_type":"governance_change","fact_key":"87f54bca9da6e39a62642eadb9a462f19302a87a","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-06-02T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2023-06-02","item_codes_triggered":["5.03"],"summary_text":"Adopted Officer Exculpation Charter Amendment to exculpate certain officers from breach of duty of care under DGCL 102(b)(7)"},"claim":"Arena Group Holdings, Inc.: Adopted Officer Exculpation Charter Amendment to exculpate certain officers from breach of duty of care under DGCL 102(b)(7) (effective 2023-06-02).","evidence_excerpt":"On June 2, 2023, the Company filed the Officer Exculpation Charter Amendment with the Delaware Secretary of State and the Charter became effective on filing.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-019985","anchor_url":"https://secwatch.observer/filing/0001493152-23-019985#claim-87f54bca9da6e39a62642eadb9a462f19302a87a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223019985/0001493152-23-019985-index.htm"},{"fact_type":"earnings_release","fact_key":"b64f6ef40ee20ed8ce5b27535f0863286b96156a","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-05-10T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the three months ended March 31, 2023","report_date":"2023-05-10","result_type":"reported_results","revenue_text":null},"claim":"Arena Group Holdings, Inc. updated its the three months ended March 31, 2023 guidance (reaffirmed).","evidence_excerpt":"On May 10, 2023, The Arena Group Holdings, Inc. issued a press release announcing its financial results for the quarter ended March 31, 2023.","confidence":0.7,"filing_url":"https://secwatch.observer/filing/0001493152-23-016162","anchor_url":"https://secwatch.observer/filing/0001493152-23-016162#claim-b64f6ef40ee20ed8ce5b27535f0863286b96156a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223016162/0001493152-23-016162-index.htm"},{"fact_type":"executive_change","fact_key":"de073b827a","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-04-07T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2023-04-21","interim":false,"role":"Chief Accounting Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Spiros Christoforatos resigned as Chief Accounting Officer at Arena Group Holdings, Inc..","evidence_excerpt":"On April 3, 2023, Spiros Christoforatos notified The Arena Group Holdings, Inc. (the “Company”) of his resignation from the role of Chief Accounting Officer at the Company, effective April 21, 2023, to pursue another opportunity.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-011317","anchor_url":"https://secwatch.observer/filing/0001493152-23-011317#claim-de073b827a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223011317/0001493152-23-011317-index.htm"},{"fact_type":"material_agreement","fact_key":"7737b0ea76c4698f712bd65f23f406ede6e3c4aa","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-03-31T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Common Stock Purchase Agreement","agreement_type":"equity_purchase","counterparty":"certain purchasers","effective_date":"2023-03-31","item_codes_triggered":["1.01"],"value_text":"$3.88 per share"},"claim":"Arena Group Holdings, Inc. entered into Common Stock Purchase Agreement with certain purchasers valued at $3.88 per share (effective 2023-03-31).","evidence_excerpt":"On March 31, 2023, The Arena Group Holdings, Inc. (the “Company”) entered into common stock purchase agreements (collectively, the “Common Stock Purchase Agreement”) with certain purchasers, pursuant to which the Company agreed to issue and sell in a registered direct offering (the “Offering”) an aggregate of 2,963,918 shares (the “Shares”) of the Company’s common stock, $0.01 par value per share (“Common Stock”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-009930","anchor_url":"https://secwatch.observer/filing/0001493152-23-009930#claim-7737b0ea76c4698f712bd65f23f406ede6e3c4aa","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223009930/0001493152-23-009930-index.htm"},{"fact_type":"earnings_release","fact_key":"47c810cbbd6ad878a7539d56b2fc5d73a08cbc70","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-03-16T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$70.9 million","period_text":"the three months and twelve months ended December 31, 2022","report_date":"2023-03-16","result_type":"reported_results","revenue_text":"$221 million"},"claim":"Arena Group Holdings, Inc. reported the three months and twelve months ended December 31, 2022 results: revenue $221 million, net income $70.9 million.","evidence_excerpt":"The Company reported significant improvements in both top- and bottom-line results in 2022, driving record revenues of more than $221 million, while reducing operating expenses by nearly $20 million over that time.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-007902","anchor_url":"https://secwatch.observer/filing/0001493152-23-007902#claim-47c810cbbd6ad878a7539d56b2fc5d73a08cbc70","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223007902/0001493152-23-007902-index.htm"},{"fact_type":"earnings_release","fact_key":"857dd19643cb6be48cf1f9e8b7a082d71dc40679","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-03-16T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the fourth quarter and year ended December 31, 2022","report_date":"2023-03-16","result_type":"reported_results","revenue_text":"$61.7 million"},"claim":"Arena Group Holdings, Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue $61.7 million.","evidence_excerpt":"$221 million, while reducing operating expenses by nearly $20 million over that time. In\nthe fourth quarter of 2022, the Company reported revenue from continuing operations of $61.7 million while reducing operating expenses\nby more than 30%. These results were driven by significant gains in digital advertising and licensing and syndication, and new lines\nof revenue","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-007902","anchor_url":"https://secwatch.observer/filing/0001493152-23-007902#claim-857dd19643cb6be48cf1f9e8b7a082d71dc40679","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223007902/0001493152-23-007902-index.htm"},{"fact_type":"earnings_release","fact_key":"923b0878d91c0fc8ba7c8b8d26a0ac75f05128c2","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-02-03T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"net loss from continuing operations of between $68 million and $72 million","period_text":"for the year ended December 31, 2022","report_date":"2023-02-03","result_type":"preliminary_results","revenue_text":"between $217 million and $220 million"},"claim":"Arena Group Holdings, Inc. reported for the year ended December 31, 2022 results: revenue between $217 million and $220 million, net income net loss from continuing operations of between $68 million and $72 million.","evidence_excerpt":"Management expects fiscal year 2022 revenue from continuing operations* of between $217 million and $220 million, an increase of between $28 million and $31 million or 15% to 16% compared to the 2021 fiscal year, driven by a more than 70% increase in digital advertising revenue. ● Management expects fiscal year 2022 net loss from continuing operations of between $68 million and $72 million, an improvement of between $18 million and $22 million compared to the 2021 fiscal year.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-23-003469","anchor_url":"https://secwatch.observer/filing/0001493152-23-003469#claim-923b0878d91c0fc8ba7c8b8d26a0ac75f05128c2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223003469/0001493152-23-003469-index.htm"},{"fact_type":"ma_transaction","fact_key":"d8264ce1a9c3f8283caecee515d8f3331f8662f1","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2022-12-20T23:59:59+00:00","payload":{"action":"acquisition","closing_date":"2022-12-15","consideration_text":"$23.0 million in cash, together with $1.0 million paid in November 2022, $1.0 million held in escrow, and additional deferred payments of approximately $3.5 mil","counterparty":"A360 Media, LLC and Weider Publications, LLC","effective_date":"2022-12-15","item_codes_triggered":["2.01"]},"claim":"Arena Group Holdings, Inc. completed an acquisition involving A360 Media, LLC and Weider Publications, LLC for $23.0 million in cash, together with $1.0 million paid in November 2022, $1.0 million held in escrow, and additional deferred payments of approximately $3.5 mil (closed 2022-12-15).","evidence_excerpt":"On December 15, 2022 (the “Closing Date”), pursuant to the terms set forth in the Asset Purchase Agreement, the Subsidiary purchased and assumed from the Seller Parties, and the Seller Parties sold, transferred, conveyed, assigned and delivered to the Subsidiary, certain assets and liabilities of the Seller Parties related to the digital media operations of Men’s Journal and other men’s active lifestyle brands (as further set forth and described in the Asset Purchase Agreement, the “Acquisition”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-22-036014","anchor_url":"https://secwatch.observer/filing/0001493152-22-036014#claim-d8264ce1a9c3f8283caecee515d8f3331f8662f1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315222036014/0001493152-22-036014-index.htm"},{"fact_type":"debt_financing","fact_key":"cdcfe94bbeb52976a0900f50f1c257fbfe1851e9","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2022-12-20T23:59:59+00:00","payload":{"counterparty":"SLR Digital Finance LLC","effective_date":"2022-12-15","event":"amendment","instrument_type":"credit_facility","interest_rate_text":"prime rate plus 4%","item_codes_triggered":["2.03"],"maturity_text":"December 31, 2024","principal_text":"$40.0 million"},"claim":"Arena Group Holdings, Inc. amended credit facility of $40.0 million with SLR Digital Finance LLC at prime rate plus 4% maturing December 31, 2024.","evidence_excerpt":"On December 15, 2022, the Company entered into an amendment to its financing and security agreement (the “FSA Amendment”), by and among the Company, certain subsidiaries of the Company party thereto and SLR Digital Finance LLC (f/k/a Fast Pay Partners LLC) (“SLR”), pursuant to which (i) the maximum credit limit for the Company’s line of credit was increased to $40.0 million (subject to 85% of accounts receivable), (ii) the interest rate on the line of credit was amended to be the prime rate plus 4% and (iii) the maturity of the line of credit was extended to December 31, 2024; provided that the maturity date will be December 31, 2023 if the Company has not refinanced, repaid or extended all of its senior secured notes due December 31, 2023 by August 31, 2023, and provided further, that SLR will be entitled to accelerate the obligations if the Company has not refinanced, repaid or extended all of its senior secured notes due December 31, 2023 by September 30, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-22-036014","anchor_url":"https://secwatch.observer/filing/0001493152-22-036014#claim-cdcfe94bbeb52976a0900f50f1c257fbfe1851e9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315222036014/0001493152-22-036014-index.htm"},{"fact_type":"debt_financing","fact_key":"7b8851d922a8a088ae62555fa894eeb02e1d4276","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2022-12-20T23:59:59+00:00","payload":{"counterparty":"BRF Finance Co., LLC","effective_date":"2022-12-15","event":"incurrence","instrument_type":"senior_notes","interest_rate_text":"12% per annum","item_codes_triggered":["2.03"],"maturity_text":"December 31, 2023","principal_text":"$36.0 million"},"claim":"Arena Group Holdings, Inc. incurred senior notes of $36.0 million with BRF Finance Co., LLC at 12% per annum maturing December 31, 2023.","evidence_excerpt":"On December 15, 2022, to consummate the Acquisition (as defined below) and to repay approximately $5.9 million of its existing delayed draw term notes due December 31, 2022, The Arena Group Holdings, Inc. (the “Company”) issued $36.0 million aggregate principal amount of senior secured notes (the “Bridge Notes”) pursuant to a Third Amended and Restated Note Purchase Agreement, by and among the Company, the subsidiary guarantors party thereto, BRF Finance Co., LLC, as agent and purchaser, and the other purchasers from time to time party thereto (the “Note Purchase Agreement”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-22-036014","anchor_url":"https://secwatch.observer/filing/0001493152-22-036014#claim-7b8851d922a8a088ae62555fa894eeb02e1d4276","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315222036014/0001493152-22-036014-index.htm"},{"fact_type":"material_agreement","fact_key":"8c61a0ba4d782828c8a5e35377ebcc3f8edbc452","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2022-12-20T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"FSA Amendment","agreement_type":"credit_facility","counterparty":"SLR Digital Finance LLC (f/k/a Fast Pay Partners LLC)","effective_date":"2022-12-15","item_codes_triggered":["1.01"],"value_text":"$40.0 million"},"claim":"Arena Group Holdings, Inc. amended FSA Amendment with SLR Digital Finance LLC (f/k/a Fast Pay Partners LLC) valued at $40.0 million (effective 2022-12-15).","evidence_excerpt":"On December 15, 2022, the Company entered into an amendment to its financing and security agreement (the “FSA Amendment”), by and among the Company, certain subsidiaries of the Company party thereto and SLR Digital Finance LLC (f/k/a Fast Pay Partners LLC) (“SLR”), pursuant to which (i) the maximum credit limit for the Company’s line of credit was increased to $40.0 million (subject to 85% of accounts receivable), (ii) the interest rate on the line of credit was amended to be the prime rate plus 4% and (iii) the maturity of the line of credit was extended to December 31, 2024","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-22-036014","anchor_url":"https://secwatch.observer/filing/0001493152-22-036014#claim-8c61a0ba4d782828c8a5e35377ebcc3f8edbc452","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315222036014/0001493152-22-036014-index.htm"},{"fact_type":"material_agreement","fact_key":"499d51a7b909fbdd1d04742bfb13b1909d7f9b0f","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2022-12-20T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Third Amended and Restated Note Purchase Agreement","agreement_type":"notes_offering","counterparty":"BRF Finance Co., LLC, as agent and purchaser, and the other purchasers from time to time party thereto","effective_date":"2022-12-15","item_codes_triggered":["1.01"],"value_text":"$36.0 million"},"claim":"Arena Group Holdings, Inc. amended Third Amended and Restated Note Purchase Agreement with BRF Finance Co., LLC, as agent and purchaser, and the other purchasers from time to time party thereto valued at $36.0 million (effective 2022-12-15).","evidence_excerpt":"On December 15, 2022, to consummate the Acquisition (as defined below) and to repay approximately $5.9 million of its existing delayed draw term notes due December 31, 2022, The Arena Group Holdings, Inc. (the “Company”) issued $36.0 million aggregate principal amount of senior secured notes (the “Bridge Notes”) pursuant to a Third Amended and Restated Note Purchase Agreement, by and among the Company, the subsidiary guarantors party thereto, BRF Finance Co., LLC, as agent and purchaser, and the other purchasers from time to time party thereto (the “Note Purchase Agreement”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-22-036014","anchor_url":"https://secwatch.observer/filing/0001493152-22-036014#claim-499d51a7b909fbdd1d04742bfb13b1909d7f9b0f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315222036014/0001493152-22-036014-index.htm"},{"fact_type":"material_agreement","fact_key":"d3b177dba7f8ce8999a5c32e737b35a8f4667b8c","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2022-12-13T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Purchase Agreement","agreement_type":"asset_purchase","counterparty":"A360 Media, LLC and Weider Publications, LLC","effective_date":"2022-12-07","item_codes_triggered":["1.01"],"value_text":"aggregate purchase price of $25.0 million"},"claim":"Arena Group Holdings, Inc. entered into Purchase Agreement with A360 Media, LLC and Weider Publications, LLC valued at aggregate purchase price of $25.0 million (effective 2022-12-07).","evidence_excerpt":"entered into an asset purchase agreement with A360 Media, LLC, a Delaware limited liability company (“A360”), and Weider Publications, LLC, a Delaware limited liability company and a wholly-owned subsidiary of A360 (together with A360, the “Seller Parties,” and such agreement, the “Purchase Agreement”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-22-035313","anchor_url":"https://secwatch.observer/filing/0001493152-22-035313#claim-d3b177dba7f8ce8999a5c32e737b35a8f4667b8c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315222035313/0001493152-22-035313-index.htm"},{"fact_type":"earnings_release","fact_key":"608acea670b08447e9a5a6789f87da75818cbba2","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2022-11-09T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$16.5 million","period_text":"the three months ended September 30, 2022","report_date":"2022-11-09","result_type":"reported_results","revenue_text":"$66.7 million"},"claim":"Arena Group Holdings, Inc. reported the three months ended September 30, 2022 results: revenue $66.7 million, net income $16.5 million.","evidence_excerpt":"The Arena Group Holdings, Inc. (NYSE American: AREN) (the “Company” or “The Arena Group”), a tech-powered media company home to more than 250 brands, including Sports Illustrated, TheStreet, Inc. (“TheStreet”), Parade Media (“Parade”), and HubPages, Inc. (“HubPages”) operating on a single technology platform, today announced financial results for the third quarter of 2022, the three and nine months ended September 30, 2022. Third Quarter 2022 And Nine Month Financial and Operational Highlights ● Total revenue for the third quarter was $66.7 million, the largest quarterly revenue in Company history and $180.0 million in revenue for the first nine months, a 41% increase. ● Digital advertising revenue increased 56% in the third quarter to a record $28.5 million from $18.3 million in the third quarter of 2021. ● Quarterly gross profit was $26.2 million as compared to $27.4 million in the prior year period, a slight decline due in part to the absence of both the Summer Olympics and the laun","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-22-031126","anchor_url":"https://secwatch.observer/filing/0001493152-22-031126#claim-608acea670b08447e9a5a6789f87da75818cbba2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315222031126/0001493152-22-031126-index.htm"},{"fact_type":"executive_change","fact_key":"10f0596400","cik":894871,"ticker":"AREN","company_name":"Arena Group Holdings, Inc.","filed_at":"2021-10-18T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":null,"interim":false,"role":"Principal Accounting Officer","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Spiros Christoforatos was appointed as Principal Accounting Officer at Arena Group Holdings, Inc..","evidence_excerpt":"On October 12, 2021, the Board of Directors (the “Board”) of theMaven, Inc. (the “Company”) appointed Spiros Christoforatos as Principal Accounting Officer, effective at a future date yet to be determined (the “Effective Date”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-21-025693","anchor_url":"https://secwatch.observer/filing/0001493152-21-025693#claim-10f0596400","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315221025693/0001493152-21-025693-index.htm"}]}