Lake Street is pleased to announce that it served as lead manager and qualified independent underwriter for The Arena Group Holdings, Inc. (NYSEAM: AREN) in its public offering of 3,636,364 shares of its common stock at a public offering price of $8.25 per share for gross proceeds of approximately $30.0 million. The company intends to use the net proceeds from this offering for the initial cash portion of the acquisition of Athlon and for working capital and general corporate purposes.
The Arena Group creates robust digital destinations that delight consumers with powerful journalism and news about the things they love – their favorite sports teams, advice on investing, the inside scoop on personal finance, and the latest on lifestyle essentials. With 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.
None of the information contained in this website constitutes a recommendation, solicitation or offer by Lake Street Capital Markets or its affiliates to buy or sell any securities, options or other financial instruments or provide any investment advice or service. Certain transactions give rise to substantial risk and are not suitable for all investors. Past performance does not guarantee future results.
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