{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-009930","form_type":"8-K","ticker":"AREN","cik":"0000894871","company_name":"Arena Group Holdings, Inc.","filed_at":"2023-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.453045+00:00","generated_at":"2026-06-17T08:46:57.597028+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Arena Group raises ~$11.3M in registered direct offering of 2.96M shares at $3.88/share","bullets":["Sold 2,963,918 shares at $3.88 per share in a registered direct offering.","Net proceeds expected to be approximately $11.3 million after expenses.","Proceeds to be used for working capital and general corporate purposes.","No underwriter or placement agent; closing expected on or around April 3, 2023.","Offering made under existing effective shelf registration statement (File No. 333-268487)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-009930","json":"https://secwatch.observer/filing/0001493152-23-009930.json","markdown":"https://secwatch.observer/filing/0001493152-23-009930.md","text":"https://secwatch.observer/filing/0001493152-23-009930.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894871/000149315223009930/0001493152-23-009930-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894871/000149315223009930/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T08:46:57.597028+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7737b0ea76c4698f712bd65f23f406ede6e3c4aa","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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315223009930/0001493152-23-009930-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain purchasers"},{"label":"Value","value":"$3.88 per share"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}