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The Arena Group Joins Russell 2000® Index

1. AREN will join the Russell 2000® Index from June 30, 2025. 2. Inclusion in the index reflects increased visibility and credibility.

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Why Bullish?

Inclusion in the Russell 2000 typically elevates a company's profile and attracts institutional investors, leading to positive price movement. Previous additions, such as DocuSign, have seen significant stock price surges post-inclusion.

How important is it?

Being part of the Russell 2000 enhances AREN's visibility, possibly leading to increased demand and higher future valuations, benefiting investors looking for growth companies.

Why Long Term?

The impact of index inclusion is often realized over several months as institutional investors reposition their portfolios. For example, stocks like Five Below experienced sustained growth after joining.

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NEW YORK--(BUSINESS WIRE)--The Arena Group Holdings, Inc. (NYSE American: AREN) (“Arena”), a technology platform and media company home to hundreds of media brands, including TheStreet, Parade, Men's Journal, Athlon Sports, Surfer, Powder and more, today announced it has been added as a member of the Russell 2000® Index, effective as of June 30, 2025 as part of the 2025 Russell U.S. Indexes reconstitution. Membership in the Russell 2000® Index reflects inclusion in the broader Russell 3000® Ind.

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