---
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"
generated_at: "2026-06-17T08:46:57.597028+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Arena Group raises ~$11.3M in registered direct offering of 2.96M shares at $3.88/share

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-009930
- JSON: https://secwatch.observer/filing/0001493152-23-009930.json
- Plain text: https://secwatch.observer/filing/0001493152-23-009930.txt

## Key facts
- Material Agreements
  Arena Group Holdings, Inc. entered into Common Stock Purchase Agreement with certain purchasers valued at $3.88 per share (effective 2023-03-31).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Value: $3.88 per share
  - Effective: 2023-03-31
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/894871/000149315223009930/0001493152-23-009930-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.