{"id":858742,"date":"2025-06-09T18:38:08","date_gmt":"2025-06-09T22:38:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder\/"},"modified":"2025-06-09T18:38:08","modified_gmt":"2025-06-09T22:38:08","slug":"allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder\/","title":{"rendered":"Allied Gaming & Entertainment Urges All Stockholders to Be Cautious About Misrepresented Assertions by Dissident Shareholder"},"content":{"rendered":"

<\/p>\n

Allied Gaming & Entertainment Urges All Stockholders to Be Cautious About Misrepresented Assertions by Dissident Shareholder<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nAllied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the \u201cCompany\u201d or \u201cAGAE\u201d), a global experiential entertainment company, strongly urges its stockholders to support the Company nominated directors up for reelection by Allied Gaming & Entertainment to remain on the Company\u2019s Board of Directors (\u201cBoard\u201d) at AGAE\u2019s combined 2024\/2025 annual meeting of stockholders (the \u201cAnnual Meeting\u201d). AGAE also strongly urges stockholders to be cautious about misrepresented assertions by a dissident shareholder, Knighted Pastures, LLC (\u201cKnighted\u201d), and recommends stockholders vote against those individuals nominated by Knighted.<\/p>\n

\nThe Company issued the following statement:<\/p>\n

\nAGAE strongly disagrees with the assertions made by Knighted in their recent filings. Their campaign is self-serving and aims to seize control of the Company without offering any premium to AGAE\u2019s valued shareholders. AGAE benefits from a highly qualified, engaged Board that has extensive experience relevant to the Company\u2019s business strategy, and a wholesale Board change is unjustified and an unwarranted risk to AGAE stockholders.<\/p>\n

\nThis past year, Knighted initiated two lawsuits against the Company, in quick succession, which Management and the Board believed were designed only to advance its self-serving interest to obtain control of the Company and the Company\u2019s valuable cash assets without compensating AGAE\u2019s shareholders by paying a control premium. These lawsuits consumed significant financial resources and diverted Management\u2019s attention away from crucial business-building activities, which Management believes has ultimately harmed shareholder value.<\/p>\n

\nMoreover, Knighted\u2019s hostile approach has severely damaged relationships with multiple strategic partners. These partners, essential for AGAE\u2019s long-term growth, expressed deep concern over the turmoil caused by Knighted\u2019s confrontational tactics.<\/p>\n

\nIn good faith, AGAE\u2019s Board previously offered a peaceful resolution, inviting Knighted representatives onto the Board to contribute constructively to the Company\u2019s future direction. Regrettably, Knighted rejected this amicable solution, demanding immediate and unconditional control.<\/p>\n

\nAGAE firmly believes that Knighted\u2019s tactics are detrimental to all shareholders. AGAE\u2019s goal is clear: protect and enhance shareholder value through strategic, transparent, and responsible governance.<\/p>\n

\nAGAE stockholders are not required to take any action at this time. The Board and its Nominating and Corporate Governance Committee will review the Knighted materials in accordance with the Company\u2019s process and guidelines. The Board will make its recommendation regarding director nominees in the Company\u2019s proxy statement and accompanying WHITE proxy card, which will be filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) and mailed to all AGAE stockholders eligible to vote at the Annual Meeting.<\/p>\n

Advisors<\/b><\/p>\n

\nPaul Hastings LLP is serving as legal counsel, MacKenzie Partners, Inc. is serving as proxy solicitor and ADDO IR is serving as strategic communications advisor to AGAE.<\/p>\n

About Allied Gaming & Entertainment<\/b><\/p>\n

\nAllied Gaming & Entertainment Inc. (Nasdaq: AGAE) is a global experiential entertainment company focused on providing a growing world of gamers and concertgoers with unique experiences through renowned assets, products and services. For more information, visit alliedgaming.gg<\/a>.<\/p>\n

Forward Looking Statements<\/b><\/p>\n

\nThis communication contains certain forward-looking statements under federal securities laws. In some cases, you can identify forward-looking statements by terminology such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cintend\u201d or \u201ccontinue,\u201d the negative of such terms, or other comparable terminology. These statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in these forward-looking statements. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved.<\/p>\n

IMPORTANT ADDITIONAL INFORMATION REGARDING the 2024\/2025 Annual Meeting of Stockholders and Where to Find It<\/b><\/p>\n

\nThe Company intends to file a proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) in connection with its solicitation of proxies for its 2024\/2025 Annual Meeting. THE COMPANY\u2019S STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by the Company with the SEC without charge from the SEC\u2019s website at www.sec.gov<\/a>.<\/p>\n

Certain Information Regarding Participants<\/b><\/p>\n

\nThe Company, the President and Chairman, Yangyang Li and each of its non-employee Directors (namely, Mao Sun, Jingsheng (Jason) Lu, Guanzhou (Jerry) Qin, Yushi Guo, Yuanfei (Cliff) Qu and Chi Zhao) are deemed to be \u201cparticipants\u201d (as defined in Section 14(a) of the Exchange Act) in the solicitation of proxies from the Company\u2019s stockholders in connection with the matters to be considered at the Annual Meeting. Information about the compensation of our President and Chairman, Yangyang Li and each of its non-employee Directors is set forth in the section titled \u201cDirector Compensation\u201d in the Company\u2019s preliminary proxy statement on Schedule 14A filed on November 12, 2024 (the \u201c2024 Preliminary Proxy\u201d), at pages 29 to 30, and is available here<\/a>. Information regarding the participants\u2019 holdings of the Company\u2019s securities can be found in the section titled \u201cOwnership of Certain Beneficial Owners, Management and Directors\u201d in the Company\u2019s 2024 Preliminary Proxy on pages 33 to 34 and is available here<\/a>. When filed, supplemental information regarding the participants\u2019 holdings of the Company\u2019s securities can be found in SEC filings on Statements of Change in Ownership on Form 4 available on the Company\u2019s website at https:\/\/ir.alliedgaming.gg\/sec-filings<\/a> or through the SEC\u2019s website via the links referenced above. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Company\u2019s proxy statement on Schedule 14A and other materials to be filed with the SEC in connection with the 2024\/2025 Annual Meeting of Stockholders.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250609261830\/en\/<\/a><\/span><\/p>\n

Investor Contacts:
\n<\/b>
Addo Investor Relations
\n
ir@alliedgaming.gg<\/a><\/p>\n

\nBob Marese
\n
MacKenzie Partners, Inc.
\n
1-800-322-2885<\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Electronic Games Casino\/Gaming Entertainment Events\/Concerts<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Allied Gaming & Entertainment Urges All Stockholders to Be Cautious About Misrepresented Assertions by Dissident Shareholder NEW YORK–(BUSINESS WIRE)– Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the \u201cCompany\u201d or \u201cAGAE\u201d), a global experiential entertainment company, strongly urges its stockholders to support the Company nominated directors up for reelection by Allied Gaming & Entertainment to remain on the Company\u2019s Board of Directors (\u201cBoard\u201d) at AGAE\u2019s combined 2024\/2025 annual meeting of stockholders (the \u201cAnnual Meeting\u201d). AGAE also strongly urges stockholders to be cautious about misrepresented assertions by a dissident shareholder, Knighted Pastures, LLC (\u201cKnighted\u201d), and recommends stockholders vote against those individuals nominated by Knighted. The Company issued the following statement: AGAE strongly disagrees with the assertions made by Knighted in their recent … <\/p>\n

Continue reading “Allied Gaming & Entertainment Urges All Stockholders to Be Cautious About Misrepresented Assertions by Dissident Shareholder”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-858742","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAllied Gaming & Entertainment Urges All Stockholders to Be Cautious About Misrepresented Assertions by Dissident Shareholder - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allied Gaming & Entertainment Urges All Stockholders to Be Cautious About Misrepresented Assertions by Dissident Shareholder - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Allied Gaming & Entertainment Urges All Stockholders to Be Cautious About Misrepresented Assertions by Dissident Shareholder NEW YORK–(BUSINESS WIRE)– Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the \u201cCompany\u201d or \u201cAGAE\u201d), a global experiential entertainment company, strongly urges its stockholders to support the Company nominated directors up for reelection by Allied Gaming & Entertainment to remain on the Company\u2019s Board of Directors (\u201cBoard\u201d) at AGAE\u2019s combined 2024\/2025 annual meeting of stockholders (the \u201cAnnual Meeting\u201d). AGAE also strongly urges stockholders to be cautious about misrepresented assertions by a dissident shareholder, Knighted Pastures, LLC (\u201cKnighted\u201d), and recommends stockholders vote against those individuals nominated by Knighted. 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(NASDAQ: AGAE) (the \u201cCompany\u201d or \u201cAGAE\u201d), a global experiential entertainment company, strongly urges its stockholders to support the Company nominated directors up for reelection by Allied Gaming & Entertainment to remain on the Company\u2019s Board of Directors (\u201cBoard\u201d) at AGAE\u2019s combined 2024\/2025 annual meeting of stockholders (the \u201cAnnual Meeting\u201d). AGAE also strongly urges stockholders to be cautious about misrepresented assertions by a dissident shareholder, Knighted Pastures, LLC (\u201cKnighted\u201d), and recommends stockholders vote against those individuals nominated by Knighted. The Company issued the following statement: AGAE strongly disagrees with the assertions made by Knighted in their recent … Continue reading \"Allied Gaming & Entertainment Urges All Stockholders to Be Cautious About Misrepresented Assertions by Dissident Shareholder\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder\/","og_site_name":"Market Newsdesk","article_published_time":"2025-06-09T22:38:08+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250609261830r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Allied Gaming & Entertainment Urges All Stockholders to Be Cautious About Misrepresented Assertions by Dissident Shareholder","datePublished":"2025-06-09T22:38:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder\/"},"wordCount":1096,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250609261830r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/allied-gaming-entertainment-urges-all-stockholders-to-be-cautious-about-misrepresented-assertions-by-dissident-shareholder\/","name":"Allied Gaming & Entertainment Urges All Stockholders to Be Cautious About Misrepresented Assertions by Dissident Shareholder - 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