Bhargava & Simplify Inventions Update Arena Group Holdings Stake

TL;DR

**Manoj Bhargava and Simplify Inventions just updated their ownership in Arena Group Holdings via an SC 13D/A.**

AI Summary

Manoj Bhargava and Simplify Inventions, LLC filed an SC 13D/A Amendment No. 2 regarding their ownership in The Arena Group Holdings, Inc. (CUSIP 040044109). The filing, dated February 16, 2024, updates previous disclosures about their stake in the company. Simplify Inventions, LLC, with Manoj Bhargava as a key contact, is located at 38955 Hills Tech Drive, Farmington Hills, MI 48331.

Why It Matters

This amendment signals a change in the reported beneficial ownership of a significant shareholder, which can influence investor perception and potentially the company's strategic direction.

Risk Assessment

Risk Level: low — This is an amendment to a previous filing, indicating an update to existing ownership information rather than a new, potentially disruptive event.

Key Numbers

• 040044109 — CUSIP Number (Identifies the class of securities for The Arena Group Holdings, Inc.)
• 20240216 — Filing Date (Date the SC 13D/A Amendment No. 2 was filed.)
• Amendment No. 2 — Amendment Number (Indicates this is the second amendment to the original Schedule 13D filing.)
• $0.01 — Par Value (Par value of the Common Stock of The Arena Group Holdings, Inc.)

Key Players & Entities

• Manoj Bhargava (person) — Group Member, Contact for Simplify Inventions, LLC
• Simplify Inventions, LLC (company) — Filing entity, Group Member
• The Arena Group Holdings, Inc. (company) — Subject Company, Issuer
• 06 Technology (company) — Organization Name for Subject Company
• 20240216 (date) — Filing Date
• 005-48055 (string) — SEC File Number

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 (Title of Class of Securities) 0400
• $2.16 — of Common Stock, at a purchase price of $2.16 per share, a price equal to the 60-day
• $12 million — gregate purchase price of approximately $12 million. The purchase of such shares was funded

Filing Documents

• formsc13da.htm (SC 13D/A) — 78KB
• 0001493152-24-007032.txt ( ) — 80KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* The Arena Group Holdings, Inc. (Name of Issuer) Common Stock, par value $0.01 (Title of Class of Securities) 040044109 (CUSIP Number) Manoj Bhargava 38955 Hills Tech Drive, Farmington Hills, MI 48331 248-960-1700 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 14, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D/A CUSIP No. 040044109 Page 2 of 3 Pages 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Manoj Bhargava 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 16,067,791 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 16,067,791 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,067,791 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 54.5% 1 14 TYPE OF REPORTING PERSON (See Instructions) IN 1 Based on 29,478,304 shares of Common Stock outstanding. SCHEDULE 13D/A CUSIP No. 040044109 Page 3 of 3 Pages 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Simplify Inventions, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 16,067,791 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 16,067,791 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,067,791 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 54.5% 2 14 TYPE OF REPORTING PERSON (See Instructions) OO 2 Based on 29,478,304 shares of Common Stock outstanding. Explanatory Note This Amendment No. 2 (“Amendment No. 2”) amends and supplements the statements on Schedule 13D (as amended from time to time, the “Schedule 13D”) originally filed by the Reporting Persons on December 7, 2023, as amended by amendment No. 1 to Schedule 13D filed by the Reporting Persons on December 12, 2023. Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated, each capitalized term used but not defined in this Amendment No. 2 shall have the meaning assigned to such term in the Schedule 13D. Item 3. Source and Amount of Funds or Other Consideration. Item 3 of the Schedule 13D is hereby amended and supplemented as follows: The information provided in Item 4 of this Amendment No. 2 is incorporated by reference herein. Item 4. Purpose of Transaction. Item 4 of the Schedule 13D is hereby amended and supplemented as follows: On February 14, 2024, the Issuer entered into a Subscription Agreement (the “Subscription Agreement”) with Simplify Inventions, LLC (“Simplify”), pursuant to which the Issuer sold and issued to Simplify in a private placement (the “Private Placement”) an aggregate of 5,555,555 shares of Common Stock, at a purchase price of $2.16 pe

View Full Filing

View this SC 13D/A filing on SEC EDGAR