0001493152-22-019480.txt : 20220715 0001493152-22-019480.hdr.sgml : 20220715 20220715172910 ACCESSION NUMBER: 0001493152-22-019480 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20220715 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Material Modifications to Rights of Security Holders ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220715 DATE AS OF CHANGE: 20220715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Arena Group Holdings, Inc. CENTRAL INDEX KEY: 0000894871 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 680232575 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12471 FILM NUMBER: 221087681 BUSINESS ADDRESS: STREET 1: 1500 FOURTH AVENUE, SUITE 200 CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 775-600-2765 MAIL ADDRESS: STREET 1: 1500 FOURTH AVENUE, SUITE 200 CITY: SEATTLE STATE: WA ZIP: 98101 FORMER COMPANY: FORMER CONFORMED NAME: theMaven, Inc. DATE OF NAME CHANGE: 20161228 FORMER COMPANY: FORMER CONFORMED NAME: THEMAVEN, INC. DATE OF NAME CHANGE: 20161209 FORMER COMPANY: FORMER CONFORMED NAME: INTEGRATED SURGICAL SYSTEMS INC DATE OF NAME CHANGE: 19960725 8-K 1 form8-k.htm
0000894871 false --12-31 0000894871 2022-07-15 2022-07-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares













Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.


Date of Report: (Date of Earliest Event Reported): July 15, 2022



(Exact name of registrant as specified in its charter)


delaware   1-12471   68-0232575

(State or other jurisdiction

of incorporation)



File Number)


(I.R.S. Employer

Identification No.)


NEW YORK, new york   10281
(Address of principal executive offices)   (Zip code)



(Registrant’s telephone number including area code)


(Former name or former address if changed since last report)


Securities registered pursuant in Section 12(b) of the Act:


Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.01 per share   AREN   NYSE American


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐






Item 1.01 Entry into a Material Definitive Agreement.


As disclosed in a Current Report on Form 8-K filed on May 3, 2022, The Arena Group Holdings, Inc. (the “Company”) entered into an extended rights agreement (the “Extended Rights Agreement”), which extended the term of the rights agreement originally adopted on May 4, 2021 (the “Original Rights Agreement,” and, together with the Extended Rights Agreement, the “Rights Agreement”). All terms not otherwise defined below shall have the meanings ascribed to them in the Rights Agreement.


After entering into the Extended Rights Agreement, the Company learned that certain affiliates B. Riley Financial, Inc. (“B. Riley”) had acquired additional shares of Common Stock of the Company while the Rights Agreement was in place. Based in part on discussions with B. Riley and information it provided to the Company, including an acknowledgment of the divestiture of shares of Common Stock contemplated by the Rights Agreement, the Board of Directors of the Company (the “Board”) determined that the acquisitions were inadvertent within the meaning of Section 1(a)(iv) of the Rights Agreement and, accordingly, neither B. Riley nor any of its affiliates had become an “Acquiring Person” within the meaning of the Rights Agreement.


The Company and B. Riley also entered into a one-year standstill agreement pursuant to which, among other things, and subject to certain exceptions, B. Riley agreed not to acquire additional shares of the Company’s capital stock and will be subject to prior Board approval to exceed beneficial ownership of 45% of the Company’s fully diluted voting power and certain monthly share acquisition limits. Even though the stockholders recently ratified the Extended Rights Agreement, the Board determined that the Rights Agreement was no longer necessary or in the best interest of the Company and its stockholders. The Board thus determined to terminate the Rights Agreement by accelerating its expiration date from May 3, 2024 to July 15, 2022 pursuant to an Amendment No. 1 to the Extended Rights Agreement, which is attached hereto as Exhibit 4.1 (the “Amendment”). The Amendment effectively will terminate all preferred share purchase rights under the Rights Agreement (the “Rights”) such that they are no longer issued or outstanding.


The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment and the Standstill Agreement, which are incorporated by reference to Exhibits 4.1 and 10.1 hereof, respectively.


Item 1.02 Termination of a Material Definitive Agreement.


The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 1.02 by reference.


Item 3.03 Material Modification to Rights of Security Holders.


The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 3.03 by reference.


The Company expects to file a Certificate of Elimination as soon as practicable with the Secretary of State of the State of Delaware (the “Certificate of Elimination”), which will remove from the Company’s certificate of incorporation, as amended, the designation of Series L Junior Participating Preferred Stock. Such preferred stock was authorized solely in connection with the adoption of the Rights Agreement. As a result, all shares of Series L Junior Participating Preferred Stock will be eliminated and returned to the status of authorized but unissued shares of preferred stock, without designation.


The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Elimination, a copy of which is provided herewith as Exhibit 3.1 and incorporated into this Item 3.03 by reference.




Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.


The information set forth under Item 3.03 of this Current Report on Form 8-K is incorporated into this Item 5.03 by reference.


Item 9.01 Financial Statements and Exhibits


  (d) Exhibits


Exhibit No.




Certificate of Elimination, dated as of July 18, 2022

4.1*   Amendment No. 1 to the Amended and Restated Rights Agreement, dated as of July 15, 2022, by and between The Arena Group Holdings, Inc. and American Stock Transfer & Trust Company, LLC

Amended and Restated Rights Agreement, dated as of May 2, 2022, between The Arena Group Holdings, Inc., and American Stock Transfer & Trust Company, LLC, as Rights Agent, which includes the Summary of Rights to Purchase Preferred Shares attached thereto as Exhibit B, which was filed as Exhibit 4.1 to the registrant’s Current Report on Form 8-K, dated as of May 3, 2022

10.1*   Standstill Agreement, dated July 15, 2022, by and among The Arena Group Holdings, Inc., B. Riley Financial, Inc., B. Riley Securities, Inc., B. Riley Principal Investments, LLC, BRF Investments, LLC, Bryant R. Riley and their affiliates and subsidiaries
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)


* Filed herewith






Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


  By: /s/ Douglas B. Smith
  Name: Douglas B. Smith
  Title: Chief Financial Officer





EX-3.1 2 ex3-1.htm


Exhibit 3.1




Series J CONVERTIBLE Preferred stock


the arena group holdings, inc.


(Pursuant to Section 151(g) of the General Corporation Law of the State of Delaware)


The Arena Group Holdings, Inc., a Delaware corporation (the “Corporation”), certifies as follows:


1. The Corporation created a series of preferred stock of the Corporation by previously filing a Certificate of Designation of Preferences, Rights and Limitations of Series L Junior Participating Preferred Stock (the “Certificate of Designation”) with the Secretary of State of the State of Delaware (the “Secretary of State”) on May 4, 2021.


2. The Certificate of Designation authorized the issuance of 600,000 shares of preferred stock of the Corporation, par value of $0.01 per share, designated as Series L Junior Participating Preferred Stock (the “Series L Preferred Stock”).


3. This Certificate of Elimination is being filed in connection with the Corporation’s termination of that certain Amended and Restated Rights Agreement entered into by and between the Corporation and American Stock Transfer & Trust Company, LLC, dated as of May 3, 2022 (the “Rights Agreement”).


4. Pursuant to the provisions of Section 151(g) of the General Corporation Law of the State of Delaware, the Board of Directors of the Corporation adopted the following resolutions:


NOW, THEREFORE, BE IT RESOLVED, that the Corporation be, and hereby is, authorized and directed to file with the Secretary of State a Certificate of Elimination containing these resolutions, with the effect under the General Corporation Law of the State of Delaware of eliminating from the Corporation’s Amended and Restated Certificate of Incorporation, as amended, all matters set forth in the Certificate of Designation related to the Series L Preferred Stock.


FURTHER RESOLVED, that the Series L Preferred Stock of the Corporation was authorized solely in connection with the Rights Agreement, none of the authorized shares of Series L Preferred Stock are outstanding, and none of the authorized shares of Series L Preferred Stock will be issued prior to the filing of the Certificate of Elimination with the Secretary of State.


FURTHER RESOLVED, that the authorized officers be, and each of them with full power to act without the other is, hereby authorized, directed, and empowered, in the name and on behalf of the Corporation, (i) to execute the Certificate of Elimination, (ii) to cause the Certificate of Elimination, when duly executed, to be filed with the Secretary of State, and (iii) to do all such other acts and things and to execute and deliver all such other documents as the authorized officers or either of them may deem necessary or desirable to carry out the intent of the foregoing resolutions in accordance with the applicable provisions of the General Corporation Law of the State of Delaware.


5. Pursuant to the provisions of Section 151(g) of the General Corporation Law of the State of Delaware, all references to the Series L Preferred Stock in the Corporation’s Amended and Restated Certificate of Incorporation, as amended, are hereby eliminated, and the shares that were designated to such series are hereby returned to the status of authorized but unissued shares of common stock of the Corporation.


[Signature on following page]




The Corporation has caused this Certificate of Elimination to be duly executed as of the 15th day of July, 2022.


  By: /s/ Douglas B. Smith
  Name: Douglas B. Smith
  Its: Chief Financial Officer & Secretary



EX-4.1 3 ex4-1.htm


Exhibit 4.1






This AMENDMENT NO. 1 TO THE AMENDED AND RESTATED RIGHTS AGREEMENT (this “Amendment”), by and between The Arena Group Holdings, Inc., a Delaware corporation (formerly theMaven, Inc., the “Company”), and American Stock Transfer & Trust Company, LLC, as rights agent (the “Rights Agent”) is made effective as of July 15, 2022 (the “Effective Date”).




WHEREAS, the Company and the Rights Agent were parties to that certain Rights Agreement, dated as of May 4, 2021 (the “Original Rights Agreement”);


WHEREAS, the Company and the Rights Agent are parties to that certain Amended and Restated Rights Agreement, dated as of May 3, 2022, that amended and restated the Original Rights Agreement (the “Extended Rights Agreement”);


WHEREAS, the Board of Directors of the Company has determined to amend the Extended Rights Agreement and, in furtherance thereof, the Company desires to enter into this Amendment pursuant to which the Extended Rights Agreement will be amended to accelerate the Expiration Date, effectively terminating the Extended Rights Agreement; and


WHEREAS, in accordance with Section 28 of the Extended Rights Agreement, at any time prior to the Distribution Date, the Company may, in its sole and absolute discretion, and the Rights Agent shall if the Company so directs, supplement or amend any provision of the Extended Rights Agreement, in any respect without the consent or approval of any holders of Rights or Common Stock.




NOW, THEREFORE, in consideration of the premises and of the mutual covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:


1. Amendment of the Extended Rights Agreement. Clause (i) of Section 7(a) of the Extended Rights Agreement is hereby amended and restated in its entirety to read as follows:


“(i) the Close of Business on July 15, 2022,”


2. Amendment of Exhibits. The exhibits to the Extended Rights Agreement shall be deemed to be amended to reflect this Amendment, including all conforming changes.


3. Effect of Amendment. This Amendment will be deemed an amendment to the Extended Rights Agreement and will become effective on the Effective Date. In the event of a conflict or inconsistency between this Amendment and the Extended Rights Agreement and the exhibits thereto, the provisions of this Amendment will govern.


4. Governing Law. This Amendment, shall be governed by and construed in accordance with the laws of the State of Delaware, in accordance with the laws of such state applicable to contracts made and to be performed entirely within such state.


5. Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original and all of which shall constitute one and the same instrument. A signature to this Amendment transmitted electronically shall have the same authority, effect and enforceability as an original signature.


6. Capitalized Terms. Capitalized terms used herein and not otherwise defined shall have the meaning set forth in the Extended Rights Agreement.


[Signature Page Follows]




IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the Effective Date.


  as the Company
  By: /s/ Douglas B. Smith
  Name: Douglas B. Smith
  Title: Chief Financial Officer


  as Rights Agent
  By: /s/ Barbara B. Robbins
  Name: Barbara B. Robbins
  Title: Sr. Vice President





EX-10.1 4 ex10-1.htm


Exhibit 10.1


Standstill Agreement


This Standstill Agreement (this “Agreement”) is made as of July 15, 2022 (the “Effective Date”), by and between The Arena Group Holdings, Inc., a Delaware corporation (the “Company”), and B. Riley Financial, Inc. (“BRF”) (the Company and BRF are referred to herein as a “Party” or together as the “Parties”).


WHEREAS, the Company entered into that certain Rights Agreement with American Stock Transfer & Trust Company, LLC as of May 4, 2021 (as previously amended, the “Rights Agreement”), and now proposes to terminate the Rights Agreement by accelerating its expiration date to July 15, 2022;


WHEREAS, in connection with the proposal to terminate the Rights Agreement, the Company believes it to be in the best interests of the Company to enter into this Agreement with BRF which, together with certain Affiliates, constitutes the Company’s largest stockholder; and


WHEREAS, BRF believes the termination of the Rights Agreement is in the best interests of the Company and, accordingly, is willing to enter into this Agreement with the Company.


NOW, THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged, the Company and BRF agree as follows:


Section 1. Recitals. The recitals stated above are hereby incorporated as material provisions of this Agreement as if fully set forth herein.


Section 2. Standstill.


a) BRF agrees that during the Standstill Period (as defined below), none of it, Bryant Riley or any controlled Affiliate of BRF that would be required, in the reasonable determination of BRF, to be included in BRF’s Schedule 13D in respect of the Company (collectively, the “Standstill Parties”) shall, directly or indirectly, without prior approval of the Board of Directors (the “Board”) of the Company:


i. Purchase, cause to be purchased or otherwise acquire or agree to acquire beneficial ownership (including, but not limited to, any voting right or beneficial ownership as defined in Rule 13d-3 under the Securities Exchange Act of 1934 (the “Exchange Act”)) of any shares of Common Stock or other voting equity securities issued by the Company, or any option, forward contract, swap or any other securities convertible into or exchangeable for Common Stock or any rights or options to acquire any such ownership that directly or indirectly (i) causes the Standstill Parties collectively to beneficially hold securities representing more than 45% of the Company’s voting power in the aggregate on a fully diluted basis, or (ii) results in the Standstill Parties collectively acquiring more than one million (1,000,000) shares of any class of capital stock of the Company or the equivalent thereof during any 30-day period, subject to adjustment for stock splits, additional issuances of capital stock and other changes to the Company’s capitalization impacting the proportion of the Company’s overall voting power represented by 1,000,000 shares of common stock as of the Effective Date;





ii. make any public statement or public disclosure regarding any intent, purpose, plan or proposal with respect to (a) the composition of the Board, the Company’s management (including, without limitation, any change in management of the Company), or the policies or affairs of the Company, (b) any merger, consolidation, acquisition of control, business combination, tender or exchange offer, purchase, sale or transfer of the Company or its subsidiaries, businesses, assets or securities (other than any sales of securities owned by any Standstill Party), dissolution, liquidation, reorganization, change in capital structure, recapitalization, dividend, share repurchase or other transaction, or (c) make any private statement or private disclosure regarding any such intent, purpose, plan or proposal that would reasonably be expected to require the Company to make any public disclosure relating to any such intent, purpose, plan or proposal;


iii. engage in any “solicitation” of “proxies” to vote (as such terms are used in Regulation 14 of the Exchange Act) or consents to vote (whether or not any such solicitation relates to the election or removal of directors), or initiate, propose, encourage or otherwise solicit stockholders of the Company for the approval of any stockholder proposals with respect to the Company;


iv. enter into any agreements (whether written or oral) with, or advise, finance, assist or knowingly encourage, any other person in connection with any of the foregoing; or


v. take any action challenging the validity or enforceability of this Agreement, or request the Company or the Board, as applicable, to amend or waive any provision of this Agreement.


b) For purposes of this Agreement, the term “Standstill Period” shall mean the period commencing on the Effective Date and terminating on the first anniversary of the Effective Date; provided, however, that the Standstill Period shall terminate automatically upon (i) any person (A) becoming the beneficial owner (within the meaning of Section 13(d)(1) of the Exchange Act) of 25% or more of the outstanding equity securities of the Company entitled to vote in the normal course in the election of the board of directors (“Equity Securities”) or (B) commencing a tender or exchange offer that, if consummated, would make such person (or any of its affiliates) the beneficial owner (within the meaning of Section 13(d)(1) of the Exchange Act) of 25% or more of the Equity Securities or (ii) the Company entering into a definitive agreement with a third party to effectuate (A) a sale of 25% or more of the consolidated assets of the Company and its wholly owned subsidiaries or (B) a transaction (I) that, in whole or in part, requires the approval of the Company’s stockholders and, (II) in which, based on information publicly available at the time of announcement of the entering into of such agreement, the holders of the Equity Securities of the Company prior to such transaction will not own, immediately following such transaction, at least 75% of the Equity Securities of either (x) the corporation resulting from such transaction (the “Surviving Corporation”), or (y), if applicable, the ultimate parent corporation that directly or indirectly has beneficial ownership of all of the outstanding Equity Securities of the Surviving Corporation.





c) For the avoidance of doubt, and notwithstanding anything herein to the contrary, nothing in this Agreement shall be deemed to in any way restrict, limit or prevent: (i) any Standstill Party from communicating, on a confidential basis, with its attorneys, accountants or financial advisors; (ii) any Standstill Party from (A) bringing litigation to enforce the provisions of this Agreement or (B) making counterclaims with respect to any proceeding initiated by, or on behalf of, the Company against any Standstill Party with respect to this Agreement; (iii) any Standstill Party from selling or tendering any securities of the Company, or (iv) any representative or designee of BRF on the Board from taking any action consistent and in connection with such role.


d) As used in this Agreement, the term “Affiliate” shall have the meaning set forth in Rule 12b-2 promulgated by the Securities and Exchange Commission under the Exchange Act and shall include all persons or entities that at any time during the term of this Agreement become Affiliates of any person or entity referred to in this Agreement.


Section 3. Termination. The obligations of the Parties hereto shall terminate automatically and immediately upon the occurrence of the first anniversary of the Effective Date.


Section 4. Modification or Amendment. Subject to the provisions of applicable law, the Parties may modify, amend or supplement this Agreement only by written agreement, executed and delivered by duly authorized officers of the respective parties following Board approval of the same.


Section 5. Waiver. Subject to any limitations set forth in Section 1 above, either Party may (a) extend the time for the performance of any of the obligations or other acts of the other parties and (b) subject to the requirements of applicable law, waive compliance with any of the agreements or conditions contained herein. Any such extension or waiver shall be valid only if set forth in an instrument in writing signed by the Party or Parties to be bound thereby, specifically referencing this Agreement and noting Board approval thereof. The failure of any Party to assert any rights or remedies shall not constitute a waiver of such rights or remedies.


Section 6. Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given by delivery in person, by e-mail, by registered or certified mail (with postage prepaid, return receipt requested) or by a nationally recognized courier service to the respective parties at the following addresses (or at such other address for a party as shall be specified by like notice):


If to the Company:


The Arena Group Holdings, Inc.

200 Vesey Street, 24th Floor

New York, New York 10281

Attention: Douglas B. Smith (dsmith@thearenagroup.net)

With a copy to: legal@thearenagroup.net





If to Investor:


c/o B. Riley Financial, Inc.

11100 Santa Monica Blvd., Suite 800

Los Angeles, California 90025

Attention: Alan Forman

Email: aforman@briley.com


Any such notification shall be deemed delivered (i) upon receipt, if delivered personally, (ii) on the next business day, if sent by nationally recognized courier service for next business day delivery, or (iii) the business day received, if sent by e-mail or registered or certified mail (provided that any notice received by e-mail or registered or certified mail at the addressee’s location on any non-business day or any business day after 5:00 p.m. (addressee’s local time) shall be deemed to have been received at 9:00 a.m. (addressee’s local time) on the next business day).


Section 7. Severability. If any term or other provision of this Agreement is found by a court of competent jurisdiction to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner to the end that the transactions contemplated hereby are consummated as originally contemplated to the fullest extent possible.


Section 8. Entire Agreement; Assignment. This Agreement constitutes the entire agreement among the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and undertakings, whether written or oral, among the Parties, or either of them, with respect to the subject matter hereof and thereof. This Agreement shall not be assigned by operation of law or otherwise without the prior written consent of each Party, and any assignment without such consent shall be null and void ab initio.


Section 9. Parties in Interest. This Agreement shall be binding upon and inure solely to the benefit of each Party, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement.


Section 10. Governing Law. This Agreement, and any Proceeding in any way arising out of or relating to this Agreement, the negotiation, execution or performance of this Agreement, the transactions contemplated hereby or the legal relationship of the Parties hereto (whether at law or in equity, and whether in contract or in tort or otherwise), shall be governed by, and construed in accordance with, the internal laws of the State of Delaware (without giving effect to choice of law principles thereof).





Section 11. Counterparts. This Agreement may be executed and delivered (including by facsimile transmission, e-mail in “portable documentation format” (“.pdf”) form, or other electronic transmission) in one or more counterparts, and by the different Parties in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.


Section 12. Specific Performance. The parties agree that irreparable damage for which monetary damages, even if available, would not be an adequate remedy, may occur in the event that the Parties do not perform the provisions of this Agreement in accordance with its specified terms or otherwise breach such provisions. The Parties acknowledge and agree that the Parties shall be entitled to seek an injunction, specific performance and other equitable relief to prevent breaches or threatened breaches of this Agreement and to enforce specifically the terms and provisions hereof, this being in addition to any other remedy to which they are entitled at law or in equity. Any Party seeking an injunction or injunctions to prevent breaches or threatened breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement shall not be required to provide, furnish or post any bond or other security in connection with any such order or injunction, and each party hereby irrevocably waives any right it may have to require the provision, furnishing or posting of any such bond or other security.




Section 14. Interpretation. When reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement unless otherwise indicated. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “hereof,” “herein,” “hereby,” “hereunder” and “hereinafter” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement, unless the context otherwise requires. Unless the context otherwise requires, the word “or” shall not be exclusive. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any instrument to be drafted. Any agreement, instrument, statute, rule or regulation defined or referred to herein means such agreement, instrument, statute, rule or regulation as from time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver of consent and (in the case of statutes, rules or regulations) by succession or comparable successor statutes and references to all attachments thereto and instruments incorporated therein.





IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.


  The Arena Group Holdings, Inc.
  By: /s/ Douglas B. Smith
  Name: Douglas B. Still
  Title: Chief Executive Officer & Secretary



B. Riley Financial, Inc.

  By: /s/ Alan Forman
  Name: Alan Forman

Executive Vice President and General Counsel






Signature Page to

Standstill Agreement by and between

The Arena Group Holdings, Inc. and

B. Riley Financial, Inc.




EX-101.SCH 5 aren-20220715.xsd INLINE XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 00000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 6 aren-20220715_lab.xml INLINE XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Cover [Abstract] Document Type Amendment Flag Amendment Description Document Registration Statement Document Annual Report Document Quarterly Report Document Transition Report Document Shell Company Report Document Shell Company Event Date Document Period Start Date Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Current Fiscal Year End Date Entity File Number Entity Registrant Name Entity Central Index Key Entity Primary SIC Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code Country Region City Area Code Local Phone Number Extension Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name Title of 12(g) Security Security Reporting Obligation Annual Information Form Audited Annual Financial Statements Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Elected Not To Use the Extended Transition Period Document Accounting Standard Other Reporting Standard Item Number Entity Shell Company Entity Public Float Entity Bankruptcy Proceedings, Reporting Current Entity Common Stock, Shares Outstanding Documents Incorporated by Reference [Text Block] EX-101.PRE 7 aren-20220715_pre.xml INLINE XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 8 R1.htm IDEA: XBRL DOCUMENT v3.22.2
Jul. 15, 2022
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Jul. 15, 2022
Current Fiscal Year End Date --12-31
Entity File Number 1-12471
Entity Central Index Key 0000894871
Entity Tax Identification Number 68-0232575
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 24
Entity Address, Address Line Two TH
Entity Address, Address Line Three FLOOR
Entity Address, City or Town NEW YORK
Entity Address, State or Province NY
Entity Address, Postal Zip Code 10281
City Area Code 212
Local Phone Number 321-5002
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol AREN
Security Exchange Name NYSEAMER
Entity Emerging Growth Company false
XML 9 form8-k_htm.xml IDEA: XBRL DOCUMENT 0000894871 2022-07-15 2022-07-15 iso4217:USD shares iso4217:USD shares 0000894871 false --12-31 8-K 2022-07-15 THE ARENA GROUP HOLDINGS, INC. DE 1-12471 68-0232575 24 TH FLOOR NEW YORK NY 10281 212 321-5002 Common Stock, par value $0.01 per share AREN NYSEAMER false false false false false EXCEL 10 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 11 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 12 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 FilingSummary.xml IDEA: XBRL DOCUMENT 3.22.2 html 1 25 1 false 0 0 false 3 false false R1.htm 00000001 - Document - Cover Sheet http://thearenagroup.net/role/Cover Cover Cover 1 false false All Reports Book All Reports form8-k.htm aren-20220715.xsd aren-20220715_lab.xml aren-20220715_pre.xml ex10-1.htm ex3-1.htm ex4-1.htm http://xbrl.sec.gov/dei/2022 true false JSON 15 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "form8-k.htm": { "axisCustom": 0, "axisStandard": 0, "contextCount": 1, "dts": { "inline": { "local": [ "form8-k.htm" ] }, "labelLink": { "local": [ "aren-20220715_lab.xml" ] }, "presentationLink": { "local": [ "aren-20220715_pre.xml" ] }, "schema": { "local": [ "aren-20220715.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-roles-2022.xsd", "https://xbrl.fasb.org/srt/2022/elts/srt-types-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-roles-2022.xsd", "https://xbrl.fasb.org/us-gaap/2022/elts/us-types-2022.xsd", "https://xbrl.sec.gov/country/2022/country-2022.xsd", "https://xbrl.sec.gov/dei/2022/dei-2022.xsd" ] } }, "elementCount": 59, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2022": 3, "total": 3 }, "keyCustom": 0, "keyStandard": 25, "memberCustom": 0, "memberStandard": 0, "nsprefix": "AREN", "nsuri": "http://thearenagroup.net/20220715", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "b", "span", "p", "body", "html" ], "baseRef": "form8-k.htm", "contextRef": "From2022-07-15to2022-07-15", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "00000001 - Document - Cover", "role": "http://thearenagroup.net/role/Cover", "shortName": "Cover", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "b", "span", "p", "body", "html" ], "baseRef": "form8-k.htm", "contextRef": "From2022-07-15to2022-07-15", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentDescription": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Description of changes contained within amended document.", "label": "Amendment Description" } } }, "localname": "AmendmentDescription", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "stringItemType" }, "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AnnualInformationForm": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.", "label": "Annual Information Form" } } }, "localname": "AnnualInformationForm", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_AuditedAnnualFinancialStatements": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.", "label": "Audited Annual Financial Statements" } } }, "localname": "AuditedAnnualFinancialStatements", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CountryRegion": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Region code of country", "label": "Country Region" } } }, "localname": "CountryRegion", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2022", "xbrltype": "stringItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentAccountingStandard": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.", "label": "Document Accounting Standard" } } }, "localname": "DocumentAccountingStandard", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "accountingStandardItemType" }, "dei_DocumentAnnualReport": { "auth_ref": [ "r11", "r13", "r14" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an annual report.", "label": "Document Annual Report" } } }, "localname": "DocumentAnnualReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentPeriodStartDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.", "label": "Document Period Start Date" } } }, "localname": "DocumentPeriodStartDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentQuarterlyReport": { "auth_ref": [ "r12" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as an quarterly report.", "label": "Document Quarterly Report" } } }, "localname": "DocumentQuarterlyReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentRegistrationStatement": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a registration statement.", "label": "Document Registration Statement" } } }, "localname": "DocumentRegistrationStatement", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentShellCompanyEventDate": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "Date of event requiring a shell company report.", "label": "Document Shell Company Event Date" } } }, "localname": "DocumentShellCompanyEventDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "dateItemType" }, "dei_DocumentShellCompanyReport": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.", "label": "Document Shell Company Report" } } }, "localname": "DocumentShellCompanyReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentTransitionReport": { "auth_ref": [ "r15" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a form used as a transition report.", "label": "Document Transition Report" } } }, "localname": "DocumentTransitionReport", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "submissionTypeItemType" }, "dei_DocumentsIncorporatedByReferenceTextBlock": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Documents incorporated by reference.", "label": "Documents Incorporated by Reference [Text Block]" } } }, "localname": "DocumentsIncorporatedByReferenceTextBlock", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "textBlockItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine2": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 2 such as Street or Suite number", "label": "Entity Address, Address Line Two" } } }, "localname": "EntityAddressAddressLine2", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressAddressLine3": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 3 such as an Office Park", "label": "Entity Address, Address Line Three" } } }, "localname": "EntityAddressAddressLine3", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCountry": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "ISO 3166-1 alpha-2 country code.", "label": "Entity Address, Country" } } }, "localname": "EntityAddressCountry", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "countryCodeItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityBankruptcyProceedingsReportingCurrent": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not. Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.", "label": "Entity Bankruptcy Proceedings, Reporting Current" } } }, "localname": "EntityBankruptcyProceedingsReportingCurrent", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityExTransitionPeriod": { "auth_ref": [ "r19" ], "lang": { "en-us": { "role": { "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.", "label": "Elected Not To Use the Extended Transition Period" } } }, "localname": "EntityExTransitionPeriod", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "fileNumberItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInteractiveDataCurrent": { "auth_ref": [ "r16" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).", "label": "Entity Interactive Data Current" } } }, "localname": "EntityInteractiveDataCurrent", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityPrimarySicNumber": { "auth_ref": [ "r14" ], "lang": { "en-us": { "role": { "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.", "label": "Entity Primary SIC Number" } } }, "localname": "EntityPrimarySicNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "sicNumberItemType" }, "dei_EntityPublicFloat": { "auth_ref": [], "crdr": "credit", "lang": { "en-us": { "role": { "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.", "label": "Entity Public Float" } } }, "localname": "EntityPublicFloat", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "monetaryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.", "label": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).", "label": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "employerIdItemType" }, "dei_EntityVoluntaryFilers": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.", "label": "Entity Voluntary Filers" } } }, "localname": "EntityVoluntaryFilers", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_EntityWellKnownSeasonedIssuer": { "auth_ref": [ "r17" ], "lang": { "en-us": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.", "label": "Entity Well-known Seasoned Issuer" } } }, "localname": "EntityWellKnownSeasonedIssuer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "yesNoItemType" }, "dei_Extension": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Extension number for local phone number.", "label": "Extension" } } }, "localname": "Extension", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "normalizedStringItemType" }, "dei_NoTradingSymbolFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true only for a security having no trading symbol.", "label": "No Trading Symbol Flag" } } }, "localname": "NoTradingSymbolFlag", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "trueItemType" }, "dei_OtherReportingStandardItemNumber": { "auth_ref": [ "r13" ], "lang": { "en-us": { "role": { "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.", "label": "Other Reporting Standard Item Number" } } }, "localname": "OtherReportingStandardItemNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "otherReportingStandardItemNumberItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r7" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre-commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r8" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre-commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_Security12gTitle": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(g) registered security.", "label": "Title of 12(g) Security" } } }, "localname": "Security12gTitle", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SecurityReportingObligation": { "auth_ref": [ "r9" ], "lang": { "en-us": { "role": { "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.", "label": "Security Reporting Obligation" } } }, "localname": "SecurityReportingObligation", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "securityReportingObligationItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r10" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r18" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://thearenagroup.net/role/Cover" ], "xbrltype": "booleanItemType" } }, "unitCount": 3 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r10": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12" }, "r11": { "Name": "Form 10-K", "Number": "249", "Publisher": "SEC", "Section": "310" }, "r12": { "Name": "Form 10-Q", "Number": "240", "Publisher": "SEC", "Section": "308", "Subsection": "a" }, "r13": { "Name": "Form 20-F", "Number": "249", "Publisher": "SEC", "Section": "220", "Subsection": "f" }, "r14": { "Name": "Form 40-F", "Number": "249", "Publisher": "SEC", "Section": "240", "Subsection": "f" }, "r15": { "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-1" }, "r16": { "Name": "Regulation S-T", "Number": "232", "Publisher": "SEC", "Section": "405" }, "r17": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "405" }, "r18": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425" }, "r19": { "Name": "Securities Act", "Number": "7A", "Publisher": "SEC", "Section": "B", "Subsection": "2" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-23" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r5": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "g" }, "r6": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12, 13, 15d" }, "r7": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c" }, "r8": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b" }, "r9": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "15", "Subsection": "d" } }, "version": "2.1" } ZIP 16 0001493152-22-019480-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-22-019480-xbrl.zip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