AGAE News & Events

All In FutureTech Alliance announced that the Company has entered into a package of transaction definitive agreements to acquire an aggregate 57.67% controlling interest in HyalRoute Fiber-Optic Communication Group. This acquisition marks a major milestone in AIFA's transformation into a global technology operating platform with "optics-centered" AI infrastructure. Based on an overall valuation of US$4.0 billion for HyalRoute, the total consideration for the acquisition of a 57.67% controlling interest is $2.3068B, payable entirely through the issuance of newly issued AGAE common shares. For purposes of calculating the number of consideration shares, the issuance price is uniformly set at a reference price of $10.00 per share.

All in Futuretech Alliance Inc trading halted, news pending

Allied Gaming & Entertainment announced that its board of directors has approved a proposal to change the company's corporate name to "AI & FutureTech Alliance Limited," with a proposed corresponding ticker symbol change to (AIFA) and has commenced development planning for an artificial intelligence infrastructure project in the Hainan Free Trade Port - the AIFA Silicon Photonics AI Supercomputing Center - part of the company's strategic direction along with future mergers, acquisitions, and development of global optical network infrastructure. Both the proposed name change and the infrastructure project are subject to significant conditions, including shareholder approval, regulatory filings, financing, and other requirements described below. The company's board of directors has approved a proposal to change the company's corporate name from Allied Gaming & Entertainment to AI & FutureTech Alliance, with a corresponding ticker symbol change on Nasdaq from (AGAE) to (AIFA) subject to shareholder approval and regulatory filings.