UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| 200
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||
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Item 8.01 Other Events
On March 11, 2022, The Arena Group Holdings, Inc. (the “Company,” or “we”) issued a press release announcing the sale of an additional 545,239 shares of common stock, par value $0.01 per share (the “Common Stock”), at $8.25 per share pursuant to the underwriters option to purchase additional shares of Common Stock granted under the terms of the underwriting agreement, dated February 10, 2022 (the “Underwriting Agreement”). The option gave the underwriters a right for 30 days following the Underwriting Agreement to purchase up to 545,454 additional shares of Common Stock.
The gross proceeds are estimated to be approximately $4.5 million from the sale described above, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company, or approximately $4.2 million, after deducting underwriting discounts and commissions and estimated offering expenses.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibits | Description of Exhibit | |
| 99.1 | Press Release dated March 11, 2022 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
| THEMAVEN, INC. | ||
| Dated: March 11, 2022 | By: | /s/ Douglas B. Smith |
| Name: | Douglas B. Smith | |
| Title: | Chief Financial Officer | |