Allied Gaming Court Update: Modifies Injunction and Complaint

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.