secwatch.observer — SEC 8-K summary
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Issuer:     Arena Group Holdings, Inc. (AREN)
CIK:        0000894871
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001493152-22-035313
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arena Group acquires Men's Journal and other active lifestyle brands for $28.5M
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- Acquisition price of $28.5M: $25M cash (incl. $1M paid Nov, $1M escrow) and ~$3.5M deferred over 27 months.
- Acquires digital assets of Men's Journal, Men's Fitness, Surfer, Powder, Bike, SKATEboarding, Snowboarder, NewSchoolers.
- To repay ~$5.9M existing notes via issuance of up to $36M senior secured bridge notes.
- Expected closing December 15, 2022, subject to customary conditions.
- Nine-month 2022: digital ad revenue up 90%, total revenue up 41% to $180M, gross profit up ~$20M YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894871/000149315222035313/0001493152-22-035313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894871/000149315222035313/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-035313

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer