Manoj bhargava invests $12 million more in the arena group

New york--(business wire)--today, the arena group (nyse american: aren) announced that its largest shareholder, simplify inventions, llc, is increasing its investment in the company by providing an additional $12 million in equity at an 85% premium over yesterday's closing stock price. this is intended to help sustain the company during its transformation. https://arenagroup.gcs-web.com/node/11216/html “this infusion of cash is needed to help the arena group transition to a profitable, multi-me.
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