Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: common stock began trading on the NYSE American on February 9, 2022 under the symbol “AREN.” Before then, from September
−Removed: 21, 2021 until February 8, 2022, our common stock was quoted on the OTCM’s OTCQX trading under the symbol “MVEN.”
−Removed: of April 7, 2025, there were approximately 151 holders of record of our common stock.
−Removed: Since many of our shares of common stock are held
−Removed: by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by
−Removed: these record holders.
−Removed: have never paid cash dividends on our common stock, and our present policy is to retain any future earnings to support our operations
−Removed: and finance the growth and development of our business.
−Removed: We do not intend to pay cash dividends on our common stock for the foreseeable
+Added: Market Information
+Added: Our common stock began trading on the NYSE American on February 9, 2022 under the symbol “AREN.” Before then, from September 21, 2021 until February 8, 2022, our common stock was quoted on the OTCM’s OTCQX trading under the symbol “MVEN.”
+Added: As of March 16, 2026 , there were approximately 130 holders of record of our common stock.
+Added: Since many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
+Added: We have never paid cash dividends on our common stock, and our present policy is to retain any future earnings to support our operations, finance the growth and development of our business, and for other general corporate purposes which may
+Added: include share repurchases, acquisitions, or other strategic opportunities.
+Added: We do not intend to pay cash dividends on our common stock for the foreseeable future.
Any future determination related to our dividend policy will be made at the discretion of our Board.
−Removed: of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Sales of Unregistered Securities
+Added: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: The following table sets forth certain information with respect to repurchases of shares of our common stock during the quarter ended December 31, 2025 :
+Added: Total number of shares (or units) purchased (1)
+Added: Average price paid per share (2)
+Added: Total number of shares purchased as part of publicly announced plans or programs (3)
+Added: Maximum number of shares that may yet be purchased under the plans or programs (3)
+Added: October 1-October 31, 2025 – $– – 3,000,000
+Added: November 1-November 30, 2025 – – – 3,000,000
+Added: December 1-December 31, 2025 – – – 3,000,000
+Added: Total – $– – 3,000,000
+Added: (1) This amount includes – shares of common stock acquired at a cost of $– to satisfy employee income tax withholding associated with the vesting of restricted common stock.
+Added: (2) Average price paid per share includes broker commissions, if any.
+Added: (3) On July 31, 2025, we announced a share repurchase program under which we may repurchase up to 3 million shares of our common stock through July 31, 2026, from time to time through open-market transactions, privately negotiated transactions, or otherwise, including under Rule 10b5-1 trading plans, subject to market conditions, share price, and other factors.
+Added: The program may be suspended, modified, or terminated at any time.
+Added: The share repurchase program will be funded through operating cash flow.
+Added: As of December 31, 2025, no shares have been repurchased under this program.
+Added: Recent Sales of Unregistered Securities
+Added: Use of Proceeds
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.