secwatch.observer — SEC 8-K summary
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Issuer:     Arena Group Holdings, Inc. (AREN)
CIK:        0000894871
Form:       8-K
Filed at:   2026-09-18T10:04:53+00:00
Accession:  0001493152-26-043212
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894871/000149315226043212/0001493152-26-043212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894871/000149315226043212/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-043212

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer