secwatch.observer — SEC 8-K summary
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Issuer:     Arena Group Holdings, Inc. (AREN)
CIK:        0000894871
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001493152-23-009930
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894871/000149315223009930/0001493152-23-009930-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894871/000149315223009930/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-009930

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