$The Arena Group(AREN.US)$The Arena Group Holdings, Inc. has secured a $25 million loan from Simplify Inventions, LLC to bolster its working capital and support general corporate activities. The loan, which carries a 10% annual interest rate and matures in March 2026, is backed by the assets of the company and its subsidiaries. Upon finalizing the deal, the company immediately used part of the funds to settle a previous debt with SLR Digital Finance LLC and the rest for corporate needs. This fi...
$The Arena Group(AREN.US)$ Sports Illustrated employees were notified the company is laying off 'possibly all' of its unionized staff Shares of Arena Group Holdings Inc. dropped more than 30% on Friday after the ailing media company lost its license to publish Sports Illustrated and the union for the famed publication said "possibly all" union-member staff could be laid off as a result. Arena's stock...
Arena's future is uncertain as it grapples with debt, plummeting stock value, and the loss of the Sports Illustrated license. The company is trying to negotiate with Authentic and streamline its business model.
$The Arena Group(AREN.US)$Dont break your contract/word!!! Arena Group Holdings lost the license to publish Sports Illustrated after the company missed a payment to its licensor. Arena, which also publishes TheStreet and Men's Journal, said in a regulatory filing Friday that Sports Illustrated owner Authentic Brands Group had notified the company Thursday it was terminating its licensing agreement for the legacy sports magazine, effective immediate...
$The Arena Group(AREN.US)$On Jan 18, Arena Group Holdings Inc Says ABG-SI LLC Notified Co Of Intention To Terminate Licensing Agreement, Dated June 14, 2019, Effective Immediately; Upon Termination, A Fee Of $45M Became Immediately Due And Payable By Company To ABG Benzinga· just
$The Arena Group(AREN.US)$Arena Group Holdings Inc Estimates That It Will Incur ~$5M-$7M In Total Restructuring Charges; Expects To Execute Plan And Recognize Substantially All Of These Charges In First Two Quarters Of 2024
The Arena Group股票讨论区
Update
Dow Jones· 6 mins ago
Arena Group's Stock Plummets Over 30% After Losing Rights to Sports Illustrated, Laying off Staff
Sports Illustrated employees were notified the company is laying off 'possibly all' of its unionized staff
Shares of Arena Group Holdings Inc. dropped more than 30% on Friday after the ailing media company lost its license to publish Sports Illustrated and the union for the famed publication said "possibly all" union-member staff could be laid off as a result.
Arena's stock...
Not only a bad day for AREN! But a lot of people who work for SPORTS ILLUSTRATED! Humpffff
Reason for termination! Seems it was deserved!
Arena Group Holdings lost the license to publish Sports Illustrated after the company missed a payment to its licensor.
Arena, which also publishes TheStreet and Men's Journal, said in a regulatory filing Friday that Sports Illustrated owner Authentic Brands Group had notified the company Thursday it was terminating its licensing agreement for the legacy sports magazine, effective immediate...
Benzinga· just
News
暂无评论