{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-043212","form_type":"8-K","ticker":"AREN","cik":"0000894871","company_name":"Arena Group Holdings, Inc.","filed_at":"2026-09-18T10:04:53+00:00","discovered_at":"2026-09-18T10:10:00.803672+00:00","generated_at":"2026-09-18T10:10:06.967113+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Paradium.AI signs 10-year platform deal; Roundtable to buy 49.5% stake at $3.80/sh","bullets":["10-year Platform Agreement with Roundtable (Nasdaq: RTB) for tech, monetization, operating services; PAAI keeps brands/IP.","Roundtable to acquire ~49.5% of PAAI common stock from Simplify Inventions at $3.80/share; Simplify retains ~23.1%.","PAAI receives Roundtable common shares for perpetual tech license; conditions include Nasdaq pricing and Roundtable funding.","Close targeted before end of Q4 2026; agreements not yet effective and subject to conditions precedent.","Roundtable assumes substantial annual operating costs for PAAI media brands; PAAI gets revenue percentage arrangement."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-043212","json":"https://secwatch.observer/filing/0001493152-26-043212.json","markdown":"https://secwatch.observer/filing/0001493152-26-043212.md","text":"https://secwatch.observer/filing/0001493152-26-043212.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894871/000149315226043212/0001493152-26-043212-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894871/000149315226043212/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-18T10:10:06.967113+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"}