---
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"
generated_at: "2026-09-18T10:10:06.967113+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Paradium.AI signs 10-year platform deal; Roundtable to buy 49.5% stake at $3.80/sh

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-043212
- JSON: https://secwatch.observer/filing/0001493152-26-043212.json
- Plain text: https://secwatch.observer/filing/0001493152-26-043212.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.