---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-043382"
form_type: "8-K"
ticker: "AREN"
cik: "0000894871"
company_name: "Arena Group Holdings, Inc."
filed_at: "2026-09-18T21:04:50+00:00"
generated_at: "2026-09-18T21:06:06.835295+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Paradium.AI enters 10-yr RTB platform deal; RTB to buy 49.5% stake for $89.6M

## Summary
- RTB will issue $11.5M in unregistered stock for Paradium tech license; revenue-sharing on partner content.
- RTB acquires ~49.5% of Paradium from Simplify for $89.56M ($3.80/sh) via $10M deposit, $6M stock, $73.6M cash.
- Closing expected Q4 2026, subject to RTB capital raise, due diligence; Simplify keeps ~23% of Paradium.
- Paradium's brands migrate to RTB's AI platform; RTB covers operating costs and pays revenue share for 10-year term.

## SEC filing metadata
- accession: 0001493152-26-043382
- form_type: 8-K
- ticker: AREN
- cik: 0000894871
- company_name: Arena Group Holdings, Inc.
- filed_at: 2026-09-18T21:04:50+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894871/000149315226043382/0001493152-26-043382-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894871/000149315226043382/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-043382
- JSON: https://secwatch.observer/filing/0001493152-26-043382.json
- Plain text: https://secwatch.observer/filing/0001493152-26-043382.txt

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