{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-018458","form_type":"8-K","ticker":"AREN","cik":"0000894871","company_name":"Arena Group Holdings, Inc.","filed_at":"2025-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.524828+00:00","generated_at":"2026-05-17T03:29:22.340677+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Arena Group acquires Lindy's Sports digital assets and ShopHQ IP","bullets":["Acquired digital assets of Lindy's Sports (founded 1982); site relaunch planned by end of October 2025.","Acquired ShopHQ intellectual property from IV Media, LLC; ShopHQ was a former $500M+ revenue company.","Expands Sports & Leisure vertical and enters e-commerce, data syndication, and social selling.","ShopHQ to shift to dropship model with creator-led social selling; monetize first-party customer data.","Both deals align with asset-light publishing model; financial terms not disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-018458","json":"https://secwatch.observer/filing/0001493152-25-018458.json","markdown":"https://secwatch.observer/filing/0001493152-25-018458.md","text":"https://secwatch.observer/filing/0001493152-25-018458.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894871/000149315225018458/0001493152-25-018458-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894871/000149315225018458/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:29:22.340677+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}