Certain Common Stock of The Arena Group Holdings, Inc. are subject to a Lock-Up Agreement Ending on 16-MAY-2022. These Common Stock will be under lockup for 91 days starting from 14-FEB-2022 to 16-MAY-2022.

Details:
The company's executive officers, directors, and certain holders of outstanding shares of common stock have agreed with the Underwriter, subject to certain exceptions, not to dispose of or hedge any of their shares of common stock or securities convertible into or exchangeable for shares of common stock during the period from the date of this prospectus continuing through the date 90 days, in the case of certain stockholders, or 120 days, in the case of company and their executive officers and directors, after the date of this prospectus