The Arena Group Receives Notice Accepting Plan to Regain Compliance with Continued Listing Standards
The Arena Group (NYSE American: AREN), a technology platform and media company owning brands like TheStreet, Parade Media, Men's Journal, and others, has received acceptance from NYSE American for its compliance plan. The plan addresses how AREN intends to regain compliance with listing standards under Sections 1003(a)(i), 1003(a)(ii), and 1003(a)(iii) of the Company Guide by April 2, 2026. During this period, AREN will undergo quarterly monitoring. The acceptance has no immediate impact on AREN's stock listing, trading, operations, or SEC reporting requirements. However, failure to regain compliance or make consistent progress could result in delisting proceedings.
L'Arena Group (NYSE American: AREN), una piattaforma tecnologica e azienda media che possiede marchi come TheStreet, Parade Media, Men's Journal e altri, ha ricevuto l'accettazione da parte di NYSE American per il suo piano di conformità. Il piano affronta come AREN intende riacquistare la conformità con gli standard di quotazione ai sensi delle Sezioni 1003(a)(i), 1003(a)(ii) e 1003(a)(iii) del Company Guide entro il 2 aprile 2026. Durante questo periodo, AREN sarà sottoposta a monitoraggio trimestrale. L'accettazione non ha impatto immediato sulla quotazione delle azioni di AREN, sul commercio, sulle operazioni o sui requisiti di segnalazione alla SEC. Tuttavia, la mancata riconquista della conformità o l'assenza di progressi costanti potrebbe comportare procedimenti di delisting.
El Arena Group (NYSE American: AREN), una plataforma tecnológica y empresa de medios que posee marcas como TheStreet, Parade Media, Men's Journal y otras, ha recibido la aceptación de NYSE American para su plan de cumplimiento. El plan aborda cómo AREN tiene la intención de recuperar el cumplimiento de los estándares de cotización bajo las Secciones 1003(a)(i), 1003(a)(ii) y 1003(a)(iii) de la Guía de la Empresa para el 2 de abril de 2026. Durante este período, AREN será monitoreada trimestralmente. La aceptación no tiene un impacto inmediato en la cotización de las acciones de AREN, en el comercio, en las operaciones ni en los requisitos de informe ante la SEC. Sin embargo, la falta de recuperación de la conformidad o un progreso constante podría resultar en procedimientos de delisting.
아레나 그룹 (NYSE American: AREN)은 TheStreet, Parade Media, Men's Journal 등 다양한 브랜드를 소유한 기술 플랫폼 및 미디어 회사로, NYSE American으로부터 준수 계획의 수용을 받았습니다. 이 계획은 AREN이 2026년 4월 2일까지 회사 가이드의 1003(a)(i), 1003(a)(ii) 및 1003(a)(iii) 섹션에 따른 상장 기준 준수를 어떻게 회복할 것인지에 대해 다룹니다. 이 기간 동안 AREN은 분기별 모니터링을 받을 것입니다. 이번 수용은 AREN의 주식 상장, 거래, 운영 또는 SEC 보고 요건에 즉각적인 영향을 미치지 않습니다. 하지만 준수를 회복하지 못하거나 일관된 진행을 보이지 않을 경우 상장 폐지 절차가 진행될 수 있습니다.
Le Groupe Arena (NYSE American : AREN), une plateforme technologique et société média possédant des marques telles que TheStreet, Parade Media, Men's Journal et d'autres, a reçu l'acceptation de NYSE American pour son plan de conformité. Le plan décrit comment AREN entend retrouver la conformité avec les normes de cotation selon les Sections 1003(a)(i), 1003(a)(ii) et 1003(a)(iii) du Guide de l'entreprise d'ici le 2 avril 2026. Pendant cette période, AREN fera l'objet d'un suivi trimestriel. Cette acceptation n'a aucun impact immédiat sur la cotation des actions d'AREN, sur le commerce, sur les opérations ou sur les exigences de reporting auprès de la SEC. Cependant, un échec à retrouver la conformité ou à réaliser des progrès constants pourrait entraîner des procédures de radiation.
Die Arena Group (NYSE American: AREN), eine Technologieplattform und Mediengesellschaft, die Marken wie TheStreet, Parade Media, Men's Journal und andere besitzt, hat die Genehmigung von NYSE American für ihren Compliance-Plan erhalten. Der Plan beschreibt, wie AREN beabsichtigt, die Einhaltung der Zulassungsstandards gemäß den Abschnitten 1003(a)(i), 1003(a)(ii) und 1003(a)(iii) des Unternehmensleitfadens bis zum 2. April 2026 wiederherzustellen. Während dieses Zeitraums wird AREN vierteljährlich überwacht. Die Genehmigung hat keine unmittelbaren Auswirkungen auf die Börsennotierung, den Handel, den Betrieb oder die SEC-Berichtspflichten von AREN. Das Versäumnis, die Einhaltung wiederherzustellen oder kontinuierliche Fortschritte zu erzielen, könnte jedoch zu Delisting-Verfahren führen.
- NYSE American accepted the company's compliance plan
- Company maintains its NYSE American listing status for now
- Extended timeline until April 2026 to achieve compliance
- Company currently non-compliant with multiple NYSE American listing standards
- Risk of delisting if compliance not achieved by April 2026
- Subject to quarterly monitoring for plan compliance
Insights
The acceptance of Arena Group's compliance plan by NYSE American represents a critical regulatory milestone, but also highlights serious underlying financial challenges. The company must address multiple listing standard violations under Sections 1003(a)(i), (ii) and (iii), which typically relate to stockholders' equity thresholds and sustained losses. With a relatively small market cap of <money>$59.8M</money>, the extended compliance timeline until April 2026 provides essential breathing room, but also signals the depth of financial restructuring needed.
Think of this situation as a company being placed on financial probation - while they avoid immediate delisting, they must now execute a convincing turnaround strategy. The quarterly monitoring requirements will create additional pressure to demonstrate consistent progress. For a media company managing premium brands like TheStreet and Parade, maintaining NYSE American listing status is important for market credibility and access to capital markets.
The market's interpretation should be cautious - while the plan acceptance prevents immediate crisis, it confirms significant financial health issues that require long-term solutions. The company's ability to execute its compliance plan while maintaining operational growth will be pivotal for investor confidence.
The Company was required to submit a plan to NYSE American by November 1, 2024 addressing how it intends to regain compliance with Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the Company Guide by April 2, 2026. The Company submitted a plan prior to the deadline. On December 20, 2024, the Company received notice from NYSE American that it had accepted the Company’s plan and granted a plan period through April 2, 2026. During the plan period, the Company will be subject to quarterly monitoring for compliance with the plan. If the Company does not regain compliance with NYSE American’s listing standards by April 2, 2026, or if the Company does not make progress consistent with its plan, then NYSE American may initiate delisting proceedings.
The Company intends to regain compliance within the prescribed plan period. The Company’s receipt of the notification from NYSE American accepting the compliance plan has no immediate effect on the listing or trading of the Company’s common stock on the NYSE American, nor does it affect the Company’s business operations or its reporting requirements with the
About The Arena Group
The Arena Group (NYSE American: AREN) is an innovative technology platform and media company with a proven cutting-edge playbook that transforms media brands. Our unified technology platform empowers creators and publishers with tools to publish and monetize their content, while also leveraging quality journalism of anchor brands like TheStreet, Parade, Men’s Journal and Athlon Sports to build their businesses. The company aggregates content across a diverse portfolio of brands, reaching over 100 million users monthly. Visit us at thearenagroup.net and discover how we are revolutionizing the world of digital media.
Forward-Looking Statements
This Press Release of The Arena Group Holdings, Inc. (the “Company,” “we,” “our,” and “us”) contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements relate to future events or future performance and include, without limitation, statements concerning our business strategy, future revenues, cost reductions, market growth, capital requirements, product introductions, expansion plans and the adequacy of our funding and our ability to alleviate the conditions that raise substantial doubt about our ability to continue as a going concern (as disclosed in our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 filed with the SEC on November 14, 2024). Other statements contained in this Press Release that are not historical facts are also forward-looking statements. We have tried, wherever possible, to identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and other stylistic variants denoting forward-looking statements.
We caution investors that any forward-looking statements presented in this Press Release, or that we may make orally or in writing from time to time, are based on information currently available, as well as our beliefs and assumptions. The actual outcome related to forward-looking statements will be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance, and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on forward-looking statements, which are based only on known results and trends at the time they are made, to anticipate future results or trends. We detail other risks in our public filings with the Securities and Exchange Commission (the “SEC”), including in Part I, Item 1A, Risk Factors, in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 1, 2024 and in Part II, Item 1A, Risk Factors, in Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 filed with the SEC on November 14, 2024. The discussion in this Press Release should be read in conjunction with the condensed consolidated financial statements and notes thereto included in Part I, Item 1 of our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 and our consolidated financial statements and notes thereto included in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2023.
This press release and all subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. We do not undertake any obligation to release publicly any revisions to our forward-looking statements to reflect events or circumstances after the date of this Press Release except as may be required by law.
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Investor Relations Contact
Rob Fink, FNK IR
aren@fnkir.com
646.809.4048
The Arena Group Contact
Steve Janisse
c-sjanisse@thearenagroup.net
404.574.9206
Source: The Arena Group Holdings, Inc.
FAQ
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