{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-001619","form_type":"8-K","ticker":"AREN","cik":"0000894871","company_name":"Arena Group Holdings, Inc.","filed_at":"2024-01-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.207542+00:00","generated_at":"2026-06-07T03:43:12.682428+00:00","sec_items":["2.04","8.01","5.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Arena Group defaults on $2.8M interest, misses $3.75M ABG payment; CEO resigns","bullets":["Missed Dec 29, 2023 interest payment of ~$2.797M on RGPL Notes ($110.7M principal); forbearance obtained through March 29, 2024.","Cross-default triggered on SLR Digital Finance credit facility with ~$19.6M principal.","CEO Manoj Bhargava resigned Jan 4, 2024; Jason Frankl (FTI) appointed Chief Business Transformation Officer.","Missed $3.75M quarterly payment to Authentic Brands Group on Jan 2; ABG issued breach notice, threatens termination of Sports Illustrated license."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-001619","json":"https://secwatch.observer/filing/0001493152-24-001619.json","markdown":"https://secwatch.observer/filing/0001493152-24-001619.md","text":"https://secwatch.observer/filing/0001493152-24-001619.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894871/000149315224001619/0001493152-24-001619-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894871/000149315224001619/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T03:43:12.682428+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":"06767bcf2cb867d280da675dc26c0e6a0c23457a","claim":"Arena Group Holdings, Inc. reported a default on credit facility of approximately $19,609,000 with SLR Digital Finance LLC.","evidence_excerpt":"of cross-default with SLR Digital Finance LLC (“SLR”). The Company is in discussion with SLR. The principal amount due under the credit facility with SLR was approximately $ 19,609,000 as of December 31, 2023.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224001619/0001493152-24-001619-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"approximately $19,609,000"},{"label":"Counterparty","value":"SLR Digital Finance LLC"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"55232396b891165f74448a3b2420b04f005a6721","claim":"Arena Group Holdings, Inc. reported a default on senior notes of approximately $110,691,000 with Renew Group Private Limited.","evidence_excerpt":"Renew Group Private Limited (“RGPL” and the “RGPL Notes” respectively) in the amount of approximately $2,797,000. The outstanding principal on the RGPL Notes was approximately $110,691,000 as of December 31, 2023. This created an event of default under the RGPL Notes (the “RGPL Default”). The Company is currently in discussions with RGPL to restructure and/or amend","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224001619/0001493152-24-001619-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"approximately $110,691,000"},{"label":"Counterparty","value":"Renew Group Private Limited"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"},{"claim_id":"01468223b7","claim":"Manoj Bhargava resigned as interim Chief Executive Officer at Arena Group Holdings, Inc..","evidence_excerpt":"On January 4, 2024, the Board of Directors of the Company (the “Board”) accepted the resignation of Manoj Bhargava from his position as interim Chief Executive Officer effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224001619/0001493152-24-001619-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"interim Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"0fd3f695ff","claim":"Jason Frankl was appointed as Chief Business Transformation Officer at Arena Group Holdings, Inc..","evidence_excerpt":"As of part of it, Jason Frankl, a senior managing director of FTI, was appointed as the Company’s Chief Business Transformation Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224001619/0001493152-24-001619-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Business Transformation Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}