Arena Group receives NYSE American delisting notice for stockholders' deficit of $157.2M

Arena Group Holdings, Inc.

NYSE American notified Arena Group of non-compliance with minimum stockholders' equity requirements.
As of June 30, 2024, stockholders' deficit was $(157.2) million; losses in five most recent fiscal years.
Company must submit a compliance plan by November 1, 2024; cure period through April 2, 2026.
No immediate effect on trading; plan acceptance could allow continued listing during cure period.
Company intends to submit a plan to regain compliance and avoid delisting proceedings.

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