# EDGAR Filing Document

**Accession Number:** 0001699673
**File Stem:** 0001699673-23-000002
**Filing Date:** 2023-2
**Character Count:** 14773
**Document Hash:** a5bbb7e4d2868714149a77a8e34daafe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001699673-23-000002.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001699673-23-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Arena Investors LP
- **CENTRAL INDEX KEY:** 0001699673
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21607
- **FILM NUMBER:** 23627067

**BUSINESS ADDRESS:**
- **STREET 1:** 405 LEXINGTON AVENUE
- **STREET 2:** 59TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10174
- **BUSINESS PHONE:** 212-257-4178

**MAIL ADDRESS:**
- **STREET 1:** 405 LEXINGTON AVENUE
- **STREET 2:** 59TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10174

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Arena Investors LP<br>**Address:** 405 LEXINGTON AVENUE<br>59TH FLOOR<br>NEW YORK, NY 10174

**Form 13F File Number:** 028-21607

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Lawrence Cutler<br>**Title:** CCO<br>**Phone:** 212-612-3205

**Signature, Place, and Date of Signing:**

/s/ Lawrence Cutler  New York, NY  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 107

**Form 13F Information Table Value Total:** $107974057

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| A SPAC II Acquisition Corp | Warrant | G0543H117 |  | 12656 | 337500 | SH |  | SOLE |  | 337500 | 0 | 0 |
| Activision Blizzard Inc | Equity | 00507V109 |  | 4357609 | 56925 | SH |  | SOLE |  | 56925 | 0 | 0 |
| Aesther Healthcare Acquisition Corp | Equity | 00809L106 |  | 574080 | 55200 | SH |  | SOLE |  | 55200 | 0 | 0 |
| Alpine Acquisition Corp | Equity | 02083L109 |  | 66858 | 6404 | SH |  | SOLE |  | 6404 | 0 | 0 |
| American Acquisition Opportunity Inc | Warrant | 02369M110 |  | 1936 | 48832 | SH |  | SOLE |  | 48832 | 0 | 0 |
| Avis Budget Group Inc | Option | 053774955 |  | 131100 | 230 | SH | Put | SOLE |  | 230 | 0 | 0 |
| Bed Bath  Beyond Inc | Option | 075896950 |  | 1142546 | 10678 | SH | Put | SOLE |  | 10678 | 0 | 0 |
| Beyond Meat Inc | Note | 08862EAB5 |  | 4602500 | 17500000 | PRN |  | SOLE |  | 17500000 | 0 | 0 |
| Beyond Meat Inc | Option | 08862E959 |  | 4180680 | 8532 | SH | Put | SOLE |  | 8532 | 0 | 0 |
| Beyond Meat Inc | Option | 08862E959 |  | 1028125 | 1250 | SH | Put | SOLE |  | 1250 | 0 | 0 |
| Beyond Meat Inc | Option | 08862E959 |  | 942942 | 713 | SH | Put | SOLE |  | 713 | 0 | 0 |
| Beyond Meat Inc | Option | 08862E959 |  | 295000 | 500 | SH | Put | SOLE |  | 500 | 0 | 0 |
| Blockchain Moon Acquisition Corp | Warrant | 09370F125 |  | 790 | 43873 | SH |  | SOLE |  | 43873 | 0 | 0 |
| Canna-Global Acquisition Corp | Warrant | 13767K119 |  | 8264 | 472255 | SH |  | SOLE |  | 472255 | 0 | 0 |
| CENAQ Energy Corp | Equity | 15130M102 |  | 2311910 | 254056 | SH |  | SOLE |  | 254056 | 0 | 0 |
| Charge Enterprises Inc. | Equity | 159610104 |  | 8930763 | 7202228 | SH |  | SOLE |  | 7202228 | 0 | 0 |
| Churchill Capital Corp IV | Option | 549498953 |  | 1509600 | 11100 | SH | Put | SOLE |  | 11100 | 0 | 0 |
| Churchill Capital Corp V | Equity | 17144T107 |  | 1153 | 116 | SH |  | SOLE |  | 116 | 0 | 0 |
| ClimateRock | Warrant | G2311X118 |  | 3500 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| Denali Capital Acquisition Corp | Warrant | G6256B114 |  | 7875 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| Digital Health Acquisition Corp | Warrant | 253893119 |  | 66267 | 666666 | SH |  | SOLE |  | 666666 | 0 | 0 |
| Direct Selling Acquisition Corp | Equity | 25460L103 |  | 201169 | 19550 | SH |  | SOLE |  | 19550 | 0 | 0 |
| DISH Network Corp | Note | 25470MAB5 |  | 1887000 | 3000000 | PRN |  | SOLE |  | 3000000 | 0 | 0 |
| DISH Network Corp | Option | 25470M959 |  | 272000 | 3200 | SH | Put | SOLE |  | 3200 | 0 | 0 |
| DraftKings Inc | Option | 26142V955 |  | 597500 | 2500 | SH | Put | SOLE |  | 2500 | 0 | 0 |
| DraftKings Inc/Nevada | Note | 26142RAB0 |  | 1885500 | 3000000 | PRN |  | SOLE |  | 3000000 | 0 | 0 |
| Energem Corp | Warrant | G30449121 |  | 35909 | 454545 | SH |  | SOLE |  | 454545 | 0 | 0 |
| Eucrates Biomedical Acquisition Corp | Warrant | G3141W122 |  | 4820 | 94516 | SH |  | SOLE |  | 94516 | 0 | 0 |
| Fat Projects Acquisition Corp | Equity | G3400W102 |  | 1069456 | 105469 | SH |  | SOLE |  | 105469 | 0 | 0 |
| Fat Projects Acquisition Corp | Warrant | G3400W110 |  | 1749 | 80590 | SH |  | SOLE |  | 80590 | 0 | 0 |
| Fintech Ecosystem Development Corp | Warrant | 318136116 |  | 8183 | 144200 | SH |  | SOLE |  | 144200 | 0 | 0 |
| Fintech Ecosystem Development Corp | Equity | 318136108 |  | 488966 | 47704 | SH |  | SOLE |  | 47704 | 0 | 0 |
| First Horizon National Corp | Equity | 320517105 |  | 9774986 | 398979 | SH |  | SOLE |  | 398979 | 0 | 0 |
| First Light Acquisition Group Inc | Warrant | 320703119 |  | 86733 | 333333 | SH |  | SOLE |  | 333333 | 0 | 0 |
| Fisker Inc | Option | 33813J956 |  | 237000 | 1500 | SH | Put | SOLE |  | 1500 | 0 | 0 |
| FREYR Battery SA | Equity | L4135L100 |  | 64232 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| GigCapital5 Inc | Warrant | 37519U117 |  | 20000 | 571428 | SH |  | SOLE |  | 571428 | 0 | 0 |
| Gladstone Acquisition Corp | Equity | 37653T108 |  | 543575 | 52621 | SH |  | SOLE |  | 52621 | 0 | 0 |
| Good Works II Acquisition Corp | Warrant | 38216G112 |  | 3565 | 49175 | SH |  | SOLE |  | 49175 | 0 | 0 |
| Graf Industrial Corp | Equity | 92259F101 |  | 2216 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| Groupon Inc | Note | 399473AF4 |  | 1755000 | 3000000 | PRN |  | SOLE |  | 3000000 | 0 | 0 |
| Groupon Inc | Option | 399473956 |  | 500000 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| HH Acquisition Co | Warrant | G39714129 |  | 11736 | 234245 | SH |  | SOLE |  | 234245 | 0 | 0 |
| Horizon Therapeutics Plc | Equity | G46188101 |  | 2851600 | 25058 | SH |  | SOLE |  | 25058 | 0 | 0 |
| Industrial Select Sector SPDR Fund | Option | 81369Y954 |  | 564590 | 2795 | SH | Put | SOLE |  | 2795 | 0 | 0 |
| InFinT Acquisition Corp | Warrant | G47862126 |  | 16552 | 206905 | SH |  | SOLE |  | 206905 | 0 | 0 |
| Integrated Rail and Resources Acquisition Corp. | Unit | 45827R205 |  | 51825 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| Integrated Rail and Resources Acquisition Corp. | Warrant | 45827R114 |  | 350 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| InterPrivate III Financial Partners Inc | Warrant | 46064R114 |  | 4606 | 68234 | SH |  | SOLE |  | 68234 | 0 | 0 |
| Invesco QQQ Trust Series 1 | Option | 46090E953 |  | 236400 | 591 | SH | Put | SOLE |  | 591 | 0 | 0 |
| Invesco QQQ Trust Series 1 | Option | 46090E953 |  | 334022 | 443 | SH | Put | SOLE |  | 443 | 0 | 0 |
| Invesco QQQ Trust Series 1 | Option | 46090E953 |  | 393030 | 397 | SH | Put | SOLE |  | 397 | 0 | 0 |
| iShares iBoxx High Yield Corporate Bond ETF | Option | 464288953 |  | 101376 | 384 | SH | Put | SOLE |  | 384 | 0 | 0 |
| ISHARES MSCI GERMANY ETF | Option | 464286956 |  | 504300 | 6150 | SH | Put | SOLE |  | 6150 | 0 | 0 |
| iShares Russell 2000 ETF | Option | 464287955 |  | 107310 | 490 | SH | Put | SOLE |  | 490 | 0 | 0 |
| iShares Russell 2000 ETF | Option | 464287955 |  | 167256 | 404 | SH | Put | SOLE |  | 404 | 0 | 0 |
| iShares Russell 2000 ETF | Option | 464287955 |  | 206271 | 369 | SH | Put | SOLE |  | 369 | 0 | 0 |
| Kensington Capital Acquisition Corp V | Equity | G5251K103 |  | 67450 | 6616 | SH |  | SOLE |  | 6616 | 0 | 0 |
| Kernel Group Holdings Inc | Warrant | G5259L129 |  | 893 | 162415 | SH |  | SOLE |  | 162415 | 0 | 0 |
| Liberty Resources Acquisition Corp | Warrant | 53118A113 |  | 32917 | 333333 | SH |  | SOLE |  | 333333 | 0 | 0 |
| Liberty Resources Acquisition Corp | Equity | 53118A105 |  | 1120701 | 109765 | SH |  | SOLE |  | 109765 | 0 | 0 |
| M3-Brigade Acquisition III Corp | Warrant | 55407R111 |  | 59248 | 141066 | SH |  | SOLE |  | 141066 | 0 | 0 |
| M3-Brigade Acquisition III Corp | Equity | 55407R103 |  | 164400 | 16213 | SH |  | SOLE |  | 16213 | 0 | 0 |
| Malacca Straits Acquisition Co Ltd | Warrant | G5859B109 |  | 759 | 37955 | SH |  | SOLE |  | 37955 | 0 | 0 |
| Marathon Digital Holdings Inc | Note | 565788AB2 |  | 1632106 | 7000000 | PRN |  | SOLE |  | 7000000 | 0 | 0 |
| Marathon Digital Holdings Inc | Option | 565788956 |  | 1366400 | 11200 | SH | Put | SOLE |  | 11200 | 0 | 0 |
| Marathon Digital Holdings Inc | Option | 565788956 |  | 683100 | 2300 | SH | Put | SOLE |  | 2300 | 0 | 0 |
| MassRoots | Equity | 57630J304 |  | 856858 | 972708 | SH |  | SOLE |  | 972708 | 0 | 0 |
| MICROSTRATEGY INC | Note | 594972AE1 |  | 2242800 | 6000000 | PRN |  | SOLE |  | 6000000 | 0 | 0 |
| MICROSTRATEGY INC | Option | 594972958 |  | 1600800 | 435 | SH | Put | SOLE |  | 435 | 0 | 0 |
| MICROSTRATEGY INC | Option | 594972958 |  | 384750 | 75 | SH | Put | SOLE |  | 75 | 0 | 0 |
| MoneyGram International Inc | Equity | 60935Y208 |  | 1089000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| Monterey Bio Acquisition Corp | Warrant | 61240F116 |  | 3504 | 133500 | SH |  | SOLE |  | 133500 | 0 | 0 |
| Murphy Canyon Acquisition Corp | Warrant | 626642110 |  | 15000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| OCA Acquisition Corp | Equity | 670865104 |  | 4476017 | 436259 | SH |  | SOLE |  | 436259 | 0 | 0 |
| OceanTech Acquisitions I Corp | Equity | 675507107 |  | 1288420 | 122241 | SH |  | SOLE |  | 122241 | 0 | 0 |
| Oxbridge Acquisition Corp | Warrant | G6855L117 |  | 7696 | 240510 | SH |  | SOLE |  | 240510 | 0 | 0 |
| Pathfinder Acquisition Corp | Warrant | G04119122 |  | 10166 | 65591 | SH |  | SOLE |  | 65591 | 0 | 0 |
| Peloton Interactive Inc | Note | 70614WAB6 |  | 1427638 | 2000000 | PRN |  | SOLE |  | 2000000 | 0 | 0 |
| Peloton Interactive Inc | Option | 70614W950 |  | 451400 | 3700 | SH | Put | SOLE |  | 3700 | 0 | 0 |
| Perception Capital Corp II | Warrant | G7007D110 |  | 2493 | 99700 | SH |  | SOLE |  | 99700 | 0 | 0 |
| Precigen Inc | Note | 46122TAA0 |  | 4887560 | 5000000 | PRN |  | SOLE |  | 5000000 | 0 | 0 |
| Prime Impact Acquisition I | Warrant | G61074129 |  | 1869 | 93911 | SH |  | SOLE |  | 93911 | 0 | 0 |
| Professional Holding Corp | Equity | 743139107 |  | 49932 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| Progress Acquisition Corp | Warrant | 74327P113 |  | 26747 | 426588 | SH |  | SOLE |  | 426588 | 0 | 0 |
| Prospector Capital Corp | Warrant | G7273A113 |  | 3654 | 214962 | SH |  | SOLE |  | 214962 | 0 | 0 |
| Prospector Capital Corp | Equity | G7273A105 |  | 201782 | 20300 | SH |  | SOLE |  | 20300 | 0 | 0 |
| Rapid Micro Biosystems Inc | Equity | 75340L104 |  | 2220 | 1965 | SH |  | SOLE |  | 1965 | 0 | 0 |
| Redfin Corp | Note | 75737FAE8 |  | 1386000 | 3000000 | PRN |  | SOLE |  | 3000000 | 0 | 0 |
| Redfin Corp | Option | 75737F958 |  | 525625 | 7250 | SH | Put | SOLE |  | 7250 | 0 | 0 |
| Resolute Forest Products Inc | Equity | 76117W109 |  | 8287343 | 383851 | SH |  | SOLE |  | 383851 | 0 | 0 |
| ROC Energy Acquisition Corp | Equity | 77118V108 |  | 28686 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| SeaSpine Holdings Corp | Equity | 81255T108 |  | 159986 | 19160 | SH |  | SOLE |  | 19160 | 0 | 0 |
| Shaw Communications Inc | Equity | 82028K200 |  | 10516215 | 364900 | SH |  | SOLE |  | 364900 | 0 | 0 |
| SPDR S ETF TRUST | Option | 78462F953 |  | 95904 | 324 | SH | Put | SOLE |  | 324 | 0 | 0 |
| SPDR S ETF TRUST | Option | 78462F953 |  | 157740 | 239 | SH | Put | SOLE |  | 239 | 0 | 0 |
| SPDR S ETF TRUST | Option | 78462F953 |  | 205514 | 211 | SH | Put | SOLE |  | 211 | 0 | 0 |
| Spree Acquisition Corp 1 Ltd | Warrant | G83745128 |  | 8060 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| TEGNA Inc | Equity | 87901J105 |  | 2825051 | 133320 | SH |  | SOLE |  | 133320 | 0 | 0 |
| Tenzing Acquisition Corp | Warrant | 76152G118 |  | 84150 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| Thimble Point Acquisition Corp | Warrant | 704723113 |  | 18780 | 126122 | SH |  | SOLE |  | 126122 | 0 | 0 |
| TZP Strategies Acquisition Corp | Warrant | G91595119 |  | 1340 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| VMware Inc | Equity | 928563402 |  | 3241478 | 26405 | SH |  | SOLE |  | 26405 | 0 | 0 |
| WAYFAIR INC | Note | 94419LAM3 |  | 656500 | 1000000 | PRN |  | SOLE |  | 1000000 | 0 | 0 |
| WAYFAIR INC | Option | 94419L951 |  | 238000 | 350 | SH | Put | SOLE |  | 350 | 0 | 0 |
| Yamana Gold Inc | Equity | 98462Y100 |  | 147908 | 26650 | SH |  | SOLE |  | 26650 | 0 | 0 |
| Yotta Acquisition Corp | Equity | 98741Y129 |  | 64560 | 538000 | SH |  | SOLE |  | 538000 | 0 | 0 |

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