SCHEDULE 13G/A 0000893739-24-000017 0000893739 XXXXXXXX LIVE 3 Common Stock 12/31/2024 0000894871 The Arena Group Holdings, Inc. 040044109 200 Vessy Street 24th Floor New York NY 10281 Rule 13d-1(b) 180 Degree Capital Corp. NY 1027772.00 1027772.00 N 2.2 IV The Arena Group Holdings, Inc. 200 Vessy Street, 24th Floor, New York, NY, 10281 180 Degree Capital Corp. 7 N. Willow Street, Suite 4B, Montclair NJ 07042 New York N IV 1027772 2.2 1027772 1027772 N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. 180 Degree Capital Corp. /s/ Daniel B. Wolfe 02/14/2025