Home / Going-concern warnings / Arena Group Holdings, Inc.
Filed 2025-08-14 路 Form 10-Q 路 Accession 0001628280-25-040284 small
Price before filing: $6.69 (2025-08-13 close, split/dividend-adjusted)
Market cap at flag: $317.5M (2025-08-14) 路 Latest: $48.9M (2026-09-11)
| Window | AREN | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -11.4% | +2.5% | -13.8% | 2025-09-15 |
| 90 days | -37.4% | +6.3% | -43.6% | 2025-11-12 |
| 180 days | -49.5% | +7.9% | -57.4% | 2026-02-10 |
| 1 year | -82.8% | +21.7% | -104.5% | 2026-08-14 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-16 to 2025-09-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Accordingly, management has determined that there is no longer substantial doubt about the Company's ability to continue as a going concern for at least one year from the date the financial statements are issued."
Quoted from the filing. Source
Going-concern doubt disclosed, then alleviated: the company said conditions raised substantial doubt about its ability to continue as a going concern, but that its plans or new funding resolve that doubt for the next 12 months. A weaker warning than an unresolved going-concern doubt, but the company recently needed a rescue plan or fresh money to stay afloat.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Status: doubt alleviated (the company says its plans or new funding resolve the substantial doubt it disclosed)
Why this score: substantial doubt disclosed, then alleviated by management's plans or new funding; quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
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