AGAE News & Events

Allied Gaming & Entertainment issued this supplemental update in light of the elevated trading volume in the Company's common stock following its previously announced strategic transformation update. The Board of Directors is providing additional information regarding the Company's shareholder value protection principles, the current status of certain strategic initiatives, and related market and execution risks. Based on the Board's current assessment, the Board does not currently expect to approve future M&A-related share issuances below $2.00 per share, a level it believes better reflects the Company's net asset value, creditor-related value, and overall public company platform value, and implies a pre-transaction equity value of at least $80 million. With respect to the Company's AI-driven consumer applications and token-enabled ecosystem strategic track, the Company is in active discussions with multiple AI-related projects that the Company believes have mature product profiles, existing user bases, and meaningful commercialization potential.

Allied Gaming & Entertainment announced a new phase of strategic development centered on artificial intelligence and tokenized digital asset platforms. The company plans to implement these initiatives throughout 2026 through a combination of mergers and acquisitions, strategic partnerships, and internal development. Additionally, Allied intends to complete the issuance of its cryptocurrency, "Allied Coin," in 2026, subject to regulatory and operational considerations.

Allied Gaming & Entertainment announced that it has reached a comprehensive settlement of all outstanding matters with Knighted Pastures and has concluded the related legal proceedings. The company said resolving these matters removes a significant source of external uncertainty, allowing it to focus on strategic execution, operational efficiency, and long-term growth.

Allied Gaming & Entertainment provided an update to shareholders regarding a January 5, 2026 order issued by the United States District Court for the Central District of California in the Company's litigation against Knighted Pastures, and related parties. In its order, the Court granted Allied's unopposed motion for leave to amend its complaint, permitting the Company to proceed with its amended pleadings, and denied as moot all pending motions to dismiss previously filed by the defendants. The Court also granted Allied's unopposed motion to modify the previously issued preliminary injunction. Specifically, the Court vacated those provisions of the injunction that had temporarily restricted the holding of a board election and required compliance with certain external orders, noting that the defendants had ended their proxy contest and that the underlying purpose of those provisions had therefore been served. All remaining provisions of the preliminary injunction remain in effect until further order of the Court.