Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market
Information
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.”
Holders
As
of April 7, 2025, there were approximately 151 holders of record of our common stock. 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.
Dividends
We
have never paid cash dividends on our common stock, and our present policy is to retain any future earnings to support our operations
and finance the growth and development of our business. 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.
27
Purchases
of Equity Securities by the Issuer and Affiliated Purchasers
None.
Recent
Sales of Unregistered Securities
None.
Use
of Proceeds
None.
Item
6. [Reserved]
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