Arena Group Holdings Inc Estimates That It Will Incur ~$5M-$7M In Total Restructuring Charges; Expects To Execute Plan And Recognize Substantially All Of These Charges In First Two Quarters Of 2024
Portfolio Pulse from Benzinga Newsdesk
Arena Group Holdings Inc anticipates incurring approximately $5M-$7M in total restructuring charges, with plans to execute the restructuring and recognize the majority of these charges within the first two quarters of 2024, according to an SEC filing.
January 19, 2024 | 6:16 pm
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Arena Group Holdings Inc expects to incur $5M-$7M in restructuring charges, which will be recognized mostly in the first half of 2024.
The anticipated restructuring charges are significant and will likely lead to short-term financial strain on Arena Group Holdings Inc. Investors may react negatively to the news of upcoming expenses, which could result in a decrease in the stock price in the short term.
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