Arena Group Holdings, Inc. Files Q2 2024 10-Q

TL;DR

AREN 10-Q filed for Q2 2024. Financials and ops details out.

AI Summary

Arena Group Holdings, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. The company, formerly known as theMaven, Inc., is based in New York and operates in the cable and other pay television services sector.

Why It Matters

This filing provides investors with a detailed look at Arena Group's financial health and operational status for the second quarter of 2024, crucial for understanding its current performance and future prospects.

Risk Assessment

Risk Level: medium — The company has a history of name changes and operates in a dynamic industry, which can indicate potential volatility.

Key Players & Entities

• Arena Group Holdings, Inc. (company) — Filer of the 10-Q
• theMaven, Inc. (company) — Former name of Arena Group Holdings, Inc.
• 20240630 (date) — End of the reporting period
• 20240819 (date) — Date of filing

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 AREN NYSE American Indicate by c

Filing Documents

• form10-q.htm (10-Q) — 2291KB
• ex31-1.htm (EX-31.1) — 10KB
• ex31-2.htm (EX-31.2) — 10KB
• ex32-1.htm (EX-32.1) — 4KB
• ex32-2.htm (EX-32.2) — 4KB
• 0001493152-24-032945.txt ( ) — 11351KB
• aren-20240630.xsd (EX-101.SCH) — 75KB
• aren-20240630_cal.xml (EX-101.CAL) — 104KB
• aren-20240630_def.xml (EX-101.DEF) — 371KB
• aren-20240630_lab.xml (EX-101.LAB) — 562KB
• aren-20240630_pre.xml (EX-101.PRE) — 475KB
• form10-q_htm.xml (XML) — 2319KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 4

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements 4

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 33

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 46

Controls and Procedures

Item 4. Controls and Procedures 47

- OTHER INFORMATION

PART II - OTHER INFORMATION 48

Legal Proceedings

Item 1. Legal Proceedings 48

Risk Factors

Item 1A. Risk Factors 48

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 50

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 50

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 51

Other Information

Item 5. Other Information 51

Exhibits

Item 6. Exhibits 51

SIGNATURES

SIGNATURES 53 2 Forward-Looking This Quarterly Report on Form 10-Q (this "Quarterly Report") of The Arena Group Holdings, Inc. (the "Company," "we," "our," and "us") contains certain forward-looking statements within the meaning 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 (the "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 pending Business Combination (as described in Note 18 and Note 20 of the Notes to Condensed Consolidated Financial Statements included in Part 1, Item 1 herein) and related transactions, expansion plans and the adequacy of our funding. Other statements contained in this Quarterly Report 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,"

forward-looking statements by terminology such as "may," "will," "could," "should," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and other stylistic variants denoting forward-looking statements. We caution investors that any forward-looking statements presented in this Quarterly Report, or that we may make orally or in writing from time to time, are based on information currently available, as well as our beliefs and assumptions. The actual outcome related to forward-looking predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance, and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on forward-looking statements, which are based only on known results and trends at the time they are made, to anticipate future results or trends. We detail other risks in our public filings with the Securities and Exchange Commission (the "SEC"), including in Part I, Item 1A, Risk Factors , in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 1, 2024. The discussion in this Quarterly Report should be read in conjunction with the condensed consolidated financial statements and notes thereto included in Part I, Item 1 of this Quarterly Report and our consolidated financial statements and notes thereto included in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2023. This Quarterly Report and all subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. W

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View this 10-Q filing on SEC EDGAR