{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-010529","form_type":"8-K","ticker":"AREN","cik":"0000894871","company_name":"Arena Group Holdings, Inc.","filed_at":"2024-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.208548+00:00","generated_at":"2026-06-04T12:43:41.998847+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Arena Group enters into $25M loan agreement with Simplify Inventions at 10% interest; repays existing SLR facility","bullets":["Initial borrowing of $7.7M under $25M Simplify Loan; $3.4M used to repay and terminate existing SLR Digital Finance LLC FSA.","Loan bears 10% interest per annum, matures March 13, 2026; secured by assets of Company and subsidiaries.","Remaining $4.3M from initial draw used for working capital and general corporate purposes.","Loan provides up to $25M in additional borrowing capacity for working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-010529","json":"https://secwatch.observer/filing/0001493152-24-010529.json","markdown":"https://secwatch.observer/filing/0001493152-24-010529.md","text":"https://secwatch.observer/filing/0001493152-24-010529.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894871/000149315224010529/0001493152-24-010529-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894871/000149315224010529/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T12:43:41.998847+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":"de1411e43bbb73bcc1140385b27d169d6b364679","claim":"Arena Group Holdings, Inc. incurred loan of up to $25 million with Simplify Inventions, LLC at 10% per annum maturing March 13, 2026.","evidence_excerpt":"On March 13, 2024, The Arena Group Holdings, Inc. (the “Company”) entered into a loan agreement (the “Loan Agreement”), by and between the Company and Simplify Inventions, LLC (the “Simplify Loan”), which will provide for up to $25 million of borrowings to be used for working capital and general corporate purposes. The Simplify Loan bears interest at a rate of 10% per annum, payable monthly in arrears unless otherwise demanded by the lender, and will mature on March 13, 2026.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224010529/0001493152-24-010529-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to $25 million"},{"label":"Counterparty","value":"Simplify Inventions, LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"March 13, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"877cb8807f6587be1ff7e7039baa2292b8889fc4","claim":"Arena Group Holdings, Inc. entered into Loan Agreement with Simplify Inventions, LLC valued at up to $25 million (effective 2024-03-13).","evidence_excerpt":"On March 13, 2024, The Arena Group Holdings, Inc. (the “Company”) entered into a loan agreement (the “Loan Agreement”), by and between the Company and Simplify Inventions, LLC (the “Simplify Loan”), which will provide for up to $25 million of borrowings to be used for working capital and general corporate purposes.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224010529/0001493152-24-010529-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Simplify Inventions, LLC"},{"label":"Value","value":"up to $25 million"},{"label":"Effective","value":"2024-03-13"}],"fact_type":"material_agreement"},{"claim_id":"a9f40f65a8061f20f5370c4484abbef55735e090","claim":"Arena Group Holdings, Inc. terminated FSA with SLR Digital Finance LLC (effective 2024-03-13).","evidence_excerpt":"ees and contingency reserves under its financing and security agreement dated February 2020 (as amended, the “FSA”) with SLR Digital Finance LLC (“SLR”). The FSA between the Company and SLR was simultaneously terminated.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315224010529/0001493152-24-010529-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"SLR Digital Finance LLC"},{"label":"Effective","value":"2024-03-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}