The Arena Group Closes Previously Announced Public Offering
The Arena Group Holdings, Inc., formerly known as theMaven, Inc. (NYSE American: AREN) (the Company), today announced the closing of its previously announced underwritten public offering of 3,636,364 shares of its common stock at a public offering price of $8.25 per share.
- The Arena Group Holdings, Inc., formerly known as theMaven, Inc. (NYSE American: AREN) (the Company), today announced the closing of its previously announced underwritten public offering of 3,636,364 shares of its common stock at a public offering price of $8.25 per share.
- The gross proceeds to the Company from this offering are expected to be approximately $30,000,000, before deducting underwriting discounts and commissions and other estimated offering expenses.
- B. Riley Securities, Inc. acted as the sole book-running manager and Lake Street Capital Markets, LLC acted as lead manager and qualified independent underwriter for the offering.
- The offering was made by the Company pursuant to a registration statement on Form S-1 (File No.