On April 3, 2023, Spiros Christoforatos notified The Arena Group Holdings, Inc. (the “Company”) of his resignation from the role of Chief Accounting Officer at the Company, effective April 21, 2023, to pursue another opportunity. Mr. Christoforatos' decision to resign is not the result of any dispute or disagreement with the Company, the Company's management or the Board of Directors of the Company on any matter relating to the Company's operations, policies or practices. The Company thanks him for his service and wishes him well.