Arena Group Holdings, Inc. (AREN): auditor change — Arena Group dismisses KPMG as auditor; appoints BDO; cites going concern and material weaknesses

Arena Group Holdings, Inc.

Audit Committee dismissed KPMG effective July 11, 2025; BDO USA appointed as successor same day.
KPMG's FY2024 audit report included an explanatory paragraph about substantial doubt as a going concern.
Two material weaknesses reported: incomplete documentation of accounting policies and insufficient controls over third-party data.
No disagreements with KPMG on accounting principles or audit procedures during the relevant period.
KPMG issued a letter (Exhibit 16.1) agreeing with the disclosures in this 8-K.

item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Arena Group Holdings, Inc. engaged BDO USA, P.C. as its auditor.

Action: engagement
Auditor: BDO USA, P.C.

Exact text from the filing

ewly Appointed Independent Registered Public Accountant On July 11, 2025, the Committee approved the appointment of BDO USA, P.C. (“BDO”) as the Company’s independent registered public accounting firm to perform independent audit services, effective immediately. The selection of BDO as the Company’s independent registered accounting firm was also approved by the Board.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Arena Group Holdings, Inc. dismissed KPMG LLP as its auditor.

Action: dismissal
Auditor: KPMG LLP
Successor: BDO USA, P.C.

Exact text from the filing

approved the dismissal of KPMG LLP ("KPMG") as the Company's independent registered public accounting firm, effective immediately.

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Source: SEC EDGAR

accession 0001641172-25-019559

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