The arena group announces the pricing of $11.5 million registered direct equity offering to existing shareholders

New york--(business wire)--the arena group holdings, inc. (nyse american: aren) (the “company” or “the arena group”), a tech-powered media company home to more than 265 brands, including sports illustrated, thestreet, parade media (“parade”), and men's journal, operating on a single technology platform, today announced that it has entered into definitive agreements with existing shareholders for the issuance and sale of 2,963,918 shares of its common stock at an offering price of $3.
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