Arena Group issues updated investor deck regarding proposed transaction with Simplify Inventions

Arena Group Holdings, Inc.

Binding letter of intent signed with Simplify Inventions, LLC; definitive documentation not yet completed.
Company plans to file a proxy statement for stockholder vote on the proposed transaction.
Updated investor presentation issued September 14, 2023; no financial terms or deal structure disclosed.
Transaction subject to regulatory approvals, stockholder approval, and other conditions.

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