secwatch.observer — SEC 8-K summary
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Issuer:     Arena Group Holdings, Inc. (AREN)
CIK:        0000894871
Form:       8-K
Filed at:   2026-09-18T21:04:50+00:00
Accession:  0001493152-26-043382
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894871/000149315226043382/0001493152-26-043382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894871/000149315226043382/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-043382

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