Arena Group Announces NYSE American Update Date

NEW YORK–(BUSINESS WIRE)–theMaven, Inc. (OTCQX: MVEN), currently trading under the brand name The Arena Group (the “Company”), today announced that it plans to transfer its common stock to NYSE American under the symbol “AREN” and anticipates effecting a name change and a 1 for 22 reverse stock split (the “Stock Split”) of its common stock, with a par value of $0.01 per share. The Company’s new name will be The Arena Group Holdings, Inc. and the Company will operate as The Arena Group. The first trading date on the NYSE American is expected to be February 9, 2022. The Company’s new CUSIP following the name change, Reverse Stock Split and IPO on the NYSE American will be 040044 109.

About Arena Group

theMaven, Inc., operating under the brand name The Arena Group, creates robust digital destinations that delight consumers with powerful journalism, news about the things they love – their favorite sports teams, advice on investing , the scoop on personal finance and the latest on lifestyle essentials. Using powerful technology, editorial expertise, data management and marketing savvy, the transformative company enables brands like Sports Illustrated and TheStreet to deliver highly relevant content and experiences that consumers love. To learn more, visit www.thearenagroup.net.

Caution Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and include, without limitation, statements concerning the activities of the company. strategy, future revenues, market growth, capital requirements, product introductions, plans for expansion and the adequacy of its financing, the completion of the proposed offer, the plan to go public in NYSE American and the completion of the planned acquisition of Athlon Holdings, Inc. Other statements in this press release that are not historical facts are forward-looking statements. The Company has attempted, where possible, to identify forward-looking statements by words such as “may”, “will”, “could”, “should”, “expect”, “anticipate”, ” intends”, “plans”, “believes”, “seeks”, “estimates” and other comparable terms.

The Company cautions you that all forward-looking statements made in this press release are based on beliefs, assumptions made by and information currently available to us. These statements are based on assumptions, and actual results will be affected by known and unknown risks, trends, uncertainties and factors beyond the Company’s control or ability to predict. Although the Company believes that its assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. Accordingly, the Company’s actual future results may be expected to differ from its expectations, and such differences may be material. Accordingly, you should exercise caution when relying on forward-looking statements, which are based solely on results and trends known at the time they are made, to anticipate future results or trends. Certain risks are discussed from time to time in the Company’s filings with the SEC, including, but not limited to, its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and any quarterly report subsequently filed on Form 10-Q.

You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, the Company is under no obligation to release revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events.

About Jason Norton

Check Also

Low stock price triggers Nasdaq delisting warning for AlerisLife

AlerisLife (Nasdaq: ALR) needs to raise its stock price or face possible delisting from the …