Arena Group Holdings Files 2023 10-K

TL;DR

AREN filed its 2023 10-K. Financials and biz ops detailed.

AI Summary

Arena Group Holdings, Inc. filed its 2023 10-K on April 1, 2024, reporting on its fiscal year ending December 31, 2023. The company, formerly known as theMaven, Inc., operates in the cable and other pay television services sector. The filing details financial performance and business operations for the period, including information on various series of preferred stock and common stock.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Arena Group Holdings' financial health and strategic direction for the 2023 fiscal year.

Risk Assessment

Risk Level: medium — The company has undergone name changes and operates in a dynamic industry, suggesting potential for strategic shifts and market challenges.

Key Numbers

• 20231231 — Fiscal Year End (Reporting period for the 10-K)
• 20240401 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• Arena Group Holdings, Inc. (company) — Filer of the 10-K
• theMaven, Inc. (company) — Former name of Arena Group Holdings
• 20231231 (date) — Fiscal year end date
• 20240401 (date) — Filing date
• 212 321 5002 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value AREN NYSE American Secu
• $4.58 — he closing price of the common stock of $4.58 per share on that date, as reported by
• $3,750,000 — trated media business, of approximately $3,750,000, on January 18, 2024, ABG notified the
• $45.0 million — ment"). Upon such termination, a fee of $45.0 million became immediately due and payable by u

Filing Documents

• form10-k.htm (10-K) — 2654KB
• ex4-20.htm (EX-4.20) — 36KB
• ex10-91.htm (EX-10.91) — 3KB
• ex21-1.htm (EX-21.1) — 8KB
• ex23-1.htm (EX-23.1) — 4KB
• ex31-1.htm (EX-31.1) — 15KB
• ex31-2.htm (EX-31.2) — 16KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 7KB
• ex97-1.htm (EX-97.1) — 81KB
• ex10-91_001.jpg (GRAPHIC) — 292KB
• ex10-91_002.jpg (GRAPHIC) — 40KB
• ex10-91_003.jpg (GRAPHIC) — 281KB
• 0001493152-24-012368.txt ( ) — 15662KB
• aren-20231231.xsd (EX-101.SCH) — 126KB
• aren-20231231_cal.xml (EX-101.CAL) — 137KB
• aren-20231231_def.xml (EX-101.DEF) — 618KB
• aren-20231231_lab.xml (EX-101.LAB) — 911KB
• aren-20231231_pre.xml (EX-101.PRE) — 770KB
• form10-k_htm.xml (XML) — 2379KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 11 Item 1B. Unresolved Staff Comments 24 Item 1C. Cybersecurity 24 Item 2.

Properties

Properties 25 Item 3.

Legal Proceedings

Legal Proceedings 25 Item 4. Mine Safety Disclosure 25 Part II. 26 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 26 Item 6. [Reserved] 26 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 41 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 42 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 42 Item 9A.

Controls and Procedures

Controls and Procedures 42 Item 9B. Other Information 43 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 43 Part III. 43 Item 10. Directors, Executive Officers and Corporate Governance 43 Item 11.

Executive Compensation

Executive Compensation 43 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 43 Item 13. Certain Relationships and Related Transactions, and Director Independence 44 Item 14. Principal Accountant Fees and Services 44 Part IV. 44 Item 15. Exhibits and Financial Statement Schedules 44 Item 16. Form 10-K Summary 51

Signatures

Signatures 52 2 Cautionary Certain of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"). Forward-looking statements relate to future events or future performance and include, without limitation, statements concerning our business strategy, future revenues, market growth, capital requirements, product introductions, the timing, outcome or financial impacts of the planned Business Combination (as defined below) and related transactions, and expansion plans and the adequacy of our funding. Other statements contained in this Annual Report on Form 10-K that are not historical facts are also forward-looking statements. We have tried, wherever possible, to identify forward-looking statements by terminology such as "may," "will," "could," "should," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and other comparable terminology. Forward-looking our ability to achieve and maintain profitability in the future; our ability to maintain an effective system of internal control over financial reporting; our ability to attract new subscribers and to persuade existing subscribers to renew their subscriptions; the success of strategic relationships with third parties; our ability to recruit and retain qualified personnel; our ability to manage our growth effectively, including through strategic acquisitions; our ability to attract, develop, and retain capable Publisher Partners (as described below) and expert contributors; our ability to attract new advertisers and to persuade existing advertisers to continue to advertise on the Platform (as described below); our abilit

financial statements for additional information

financial statements for additional information. Men's Journal We acquired the digital assets of Men's Journal from Weider Publications, a subsidiary of A360 Media, LLC in December 2022 to supplement our growing lifestyle vertical. This suite of digital assets provides our audience with access to premium active lifestyle brands including Men's Journal, Men's Fitness, Surfer, Powder, Bike, SKATEboarding, Snowboarder and NewSchoolers. HubPages HubPages enhances the user's experience by including content from individual creators to the HubPages network of premium content channels that are owned and operated by Arena. These channels, such as PetHelpful, dengarden and Fashionista, act as an open community for writers, explorers, knowledge seekers, and conversation starters to connect in an interactive and informative online space. 6 Corporate History We were originally incorporated in Delaware as Integrated Surgical Systems, Inc. ("Integrated") in 1990. On October 11, 2016, Integrated and TheMaven Network, Inc. ("Maven Network") entered into a share exchange agreement (the "Share Exchange Agreement"), whereby the stockholders of Maven Network agreed to exchange all of the then-issued and outstanding shares of common stock of Maven Network for shares of common stock of Integrated. On November 4, 2016, the parties consummated a re-capitalization pursuant to the Share Exchange Agreement and, as a result, Maven Network became a wholly owned subsidiary of Integrated. Integrated changed its name to theMaven, Inc. on December 2, 2016. On September 20, 2021, we re-branded to "The Arena Group." Effective on February 8, 2022, we changed our legal name to The Arena Group Holdings, Inc. in conjunction with filing a Certificate of Amendment and Certificate of Corrections with the State of Delaware. On February 9, 2022, our common stock began trading on the NYSE American under the trading symbol "AREN". Intellectual Property We use proprietary technology to operate

View Full Filing

View this 10-K filing on SEC EDGAR