Announcement • May 24
All In FutureTech Alliance Inc. (NasdaqCM:AGAE) signed definitive agreement to acquire 57.7% stake in HyalRoute Communication Group Limited for $2.3 billion. All In FutureTech Alliance Inc. (NasdaqCM:AGAE) signed definitive agreement to acquire 57.7% stake in HyalRoute Communication Group Limited for $2.3 billion on May 22, 2026. The consideration consists of common equity of All In FutureTech Alliance Inc. having a value of $2.31 billion to be issued for common equity of HyalRoute Communication Group Limited.
For the period ending December 31, 2025, HyalRoute Communication Group Limited reported total revenue of $219 million and net income of $108.5 million. Announcement • May 23
All In FutureTech Alliance, Inc. Announces Receipt of Deficiency Letter from Nasdaq On May 19, 2026, All In FutureTech Alliance Inc. (formerly known as Allied Gaming & Entertainment Inc., the Company) received a deficiency letter (the Letter) from the Listing Qualifications Department (the Staff) of the Nasdaq Stock Market (Nasdaq) notifying the Company that it is not in compliance with the periodic requirements for continued listing set in Nasdaq Listing Rule 5250(c)(1) because the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (the Form 10-Q) was not filed with the Securities and Exchange Commission by the required due date of May 15, 2026, and because the Company remains delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The Letter provides that the failure to timely file the Form 10-Q serves as an additional basis for delisting the Company's securities from The Nasdaq Stock Market. This Letter received from Nasdaq has no immediate effect on the listing or trading of the Company's common stock. The Company is working diligently to regain compliance with Nasdaq's listing rules. Announcement • May 12
Allied Gaming & Entertainment Receives Nasdaq Staff Determination Regarding the Situation That the Stock Price Is Below $1.00 and Intends to Request Hearing Before Independent Panel and Take Relevant Measures to Ensure Compliance with Stock Trading Requirements Allied Gaming & Entertainment Inc. announced that on May 6, 2026, it received a notice from the staff of The Nasdaq Stock Market, the contents of which were disclosed in the Company’s Form 8-K filed on May 11, 2026. The Company will request a hearing before an independent Hearings Panel by May 13, 2026 regarding the Staff’s determination, and the Company will take relevant measures, including a reverse stock split and other relevant measures to naturally raise the stock price back above $1.00, in order to maintain the Company’s listing status. A request for a hearing regarding a delinquent filing will stay the suspension of the Common Stock for a period of 15 days from the date of the request. During this period, the Common Stock will continue to be listed and traded on Nasdaq under the ticker symbol “AGAE.” The Company intends to also request an extended stay of the suspension, pending the hearing. A Panel will review the request for an extended stay and notify the Company of its conclusion as soon as is practicable. The hearing process provides the Company with an opportunity to present a comprehensive plan to restore compliance with all applicable listing standards. The Staff Determination was issued pursuant to Nasdaq Listing Rule 5810(c)(3)(A) on the grounds that the Company has not regained compliance with Nasdaq Listing Rule 5550(a)(2) and the Notice also indicated that the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2025. James Li stated “that the foregoing reflects the requirements of The Nasdaq Stock Market, and that the Company’s management is confident and will take proactive measures to ensure that the Company regains compliance with Nasdaq’s stock price requirements in the near future”. Mr. Li further stated “that the Company is also taking relevant measures to eliminate relevant or potential risks that may affect the Company’s future development and strategic transformation”. The Company will provide further disclosure regarding its hearing date, compliance plan, and any related corporate actions as appropriate. Stockholders are encouraged to monitor the Company’s filings for updates. Announcement • Apr 22
Allied Gaming & Entertainment Inc. Receives Expected Nasdaq Notice Regarding Delayed Annual Report On April 16, 2026, Allied Gaming & Entertainment Inc. (the Company) received a deficiency letter (the Letter) from the Listing Qualifications Department of the Nasdaq Stock Market (Nasdaq) notifying the Company that it is not in compliance with the periodic reporting requirements for continued listing set in Nasdaq Listing Rule 5250(c)(1) (the Rule) because the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the Form 10-K) was not filed with the Securities and Exchange Commission by the required due date of March 31, 2026 (or April 15, 2026 following the Form 12b-25 filed by the Company on March 31, 2026). The Letter has no immediate effect on the listing or trading of the Company's common stock on Nasdaq. Under Nasdaq rules, the Company now has 60 calendar days from the receipt of the Letter, or until June 15, 2026, to submit a plan to regain compliance with the Rule. The Company currently expects that it will be able to file the Form 10-K prior to such deadline. In the event the Company needs to submit a plan of compliance, and Nasdaq accepts the Company's plan, Nasdaq may grant an exception of 180 calendar days from the Form 10-K's due date, or until October 12, 2026, as instructed by the Letter, to regain compliance with the Rule. However, there is no assurance that the Company will be able to regain compliance with all applicable continued listing requirements of Nasdaq or that Nasdaq will accept the Company's plan to regain compliance, if any. The Company is working diligently to regain compliance with Rule. This Current Report on Form 8-K has no immediate effect on the listing or trading of the Company's common stock on Nasdaq. Announcement • Apr 01
Allied Gaming & Entertainment Inc. announced delayed annual 10-K filing On 03/31/2026, Allied Gaming & Entertainment Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Nov 15
Allied Gaming & Entertainment Inc. announced delayed 10-Q filing On 11/14/2025, Allied Gaming & Entertainment Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Nov 11
Allied Gaming & Entertainment Inc. Receives a Deficiency Letter from the Listing Qualifications Department of the Nasdaq Stock Market On November 4, 2025, Allied Gaming & Entertainment Inc. received a deficiency letter from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for the preceding 30 consecutive business days, the closing bid price for the Company’s common stock, par value $0.0001 per share (the “Common Stock”) was below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”). The notification received has no immediate effect on the Company’s Nasdaq listing. In accordance with Nasdaq rules, the Company has been provided an initial period of 180 calendar days, or until May 4, 2026 (the “Compliance Date”), to regain compliance with the Bid Price Requirement. If, at any time before the Compliance Date, the closing bid price for the Common Stock is at least $1.00 for a minimum of 10 consecutive business days, the Staff will provide the Company written confirmation of compliance with the Bid Price Requirement. The Company intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider available options to regain compliance with the Bid Price Requirement. Announcement • Sep 12
Allied Gaming & Entertainment Inc. Announces Resolution of Class Action As previously disclosed, on February 8, 2024, the Board of Directors (the “Board”) of Allied Gaming & Entertainment Inc., a Delaware corporation (the “Company”), approved and adopted, and the Company entered into, a rights agreement, dated as of February 9, 2024 (the “Rights Agreement”), by and between the Company and Continental Stock Transfer & Trust, as rights agent. On September 25, 2024, plaintiff Timothy G. Schuebel (“Plaintiff”), on behalf of a putative class of stockholders of the Company, filed a Verified Class Action Complaint (the “Action”) in the Delaware Court of Chancery (the “Court”). On May 30, 2025, the Board approved the Amendment No. 1 (the “Amendment”) to the Rights Agreement, which amends the Rights Agreement by replacing Section 34 of the Rights Agreement in its entirety with the terms as set forth in the Amendment and making certain technical amendments to the rights and obligations of the Board to administer and make determinations with respect to the Rights Agreement and the rights issued thereunder. The Amendment confirms that nothing in the Rights Agreement, express or implied, including any provision requiring or permitting the Board to take (or refrain from taking) any action or making any determination will be deemed to limit or eliminate the fiduciary duties of the Board under applicable law. The Rights Agreement otherwise remains unmodified and in full force and effect in accordance with its terms. On June 5, 2025, the Company caused the Amendment to be filed with the U.S. Securities and Exchange Commission (the “SEC”) in a Current Report on Form 8-K (“Form 8-K”), which Plaintiff acknowledged mooted the Action. The Board denies and continues to deny all allegations of wrongdoing in the Action. Nevertheless, the Board took the action to file the Amendment and, in its business judgment, agreed with Plaintiff to pay $85,000 in attorneys’ fees and reimbursement of expenses to fully, finally, and forever resolve the matter and avoid the cost of further proceedings in connection with the Action. On September 8, 2025, the Court entered an order closing the Action, subject to the Company filing a declaration with the Court confirming that the disclosures in this Form 8-K, which shall constitute notice to the putative class of stockholders of the Company for purposes of Delaware Court of Chancery Rule 23, have been filed with the SEC. Announcement • Jul 29
Allied Gaming & Entertainment Provides Information to the Shareholders On July 26, 2025, Allied Gaming & Entertainment, Inc. announced that Institutional Shareholder Services Inc, has recommended withhold votes on five of the six director candidates that Knighted Pastures, LLC has proposed at the Company’s upcoming combined 2024/2025 Annual Meeting on August 4, 2025. The Company also urges stockholders to take caution against relying on statements made by Knighted in its press release on the ISS recommendation. Knighted’s claim that ISS recommended stockholders to vote for the election of Knighted’s Class B director candidates to the Company’s Board of Directors is factually incorrect. In fact, ISS recommended that stockholders vote for just one of Knighted’s candidates, Roy Choi. Allied has previously offered Roy Choi a Board seat to settle the proxy contest and related litigation but Choi has refused this offer. The Company’s Board of Directors has been and remains committed to acting in the best interests of all stockholders and unanimously recommends that stockholders vote for all six of the Company's director nominees standing for election of Jingsheng (Jason) Lu, Guanzhou (Jerry) Qin, Mao Sun, Roy Anderson, Yushi Guo and Chi Zhao on the white proxy card. Announcement • Jul 28
Knighted Pastures Provides Information to Shareholders of Allied Gaming & Entertainment On July 28, 2025, Knighted Pastures LLC stated that it advocates for improved governance, transparency, and strategic clarity, believes Allied Gaming & Entertainment Inc has untapped potential that can be unlocked with better leadership. In addition, Knighted Pastures stated that independent proxy advisory firm Institutional Shareholder Services Inc recommended the shareholders of the Company to vote for Knighted’s class B nominee Roy Choi at the annual meeting of shareholders. Further, Knighted Pastures stated that Institutional Shareholder Services Inc supports Knighted’s call for change, citing 1) unfocused strategy and lack of synergy across business segments, 2) poor transparency in capital allocation and financial disclosures, 3) operational underperformance and persistent financial losses since 2019, 4) dilutive transactions (Elite Fun and Yellow River) that raised shareholder concerns, 5) board independence issues, especially ties to major shareholder Ourgame, 6) leadership concerns, including CEO and Chair Li’s dual role and affiliations. Announcement • Jun 27
Allied Gaming & Entertainment Inc. Announces CEO Transition, Effective June 26, 2025 Allied Gaming & Entertainment Inc. announced a CEO transition to further strengthen the Company’s execution of its unique content and technology-driven growth strategy. Ms. Yinghua Chen, the current Chief Executive Officer of AGAE, will transition to serve the Company in a senior strategic capacity and will remain as the Chief Executive Officer of the Company’s wholly owned subsidiary, Allied Esports International. This will enable her to fully focus on advancing Allied’s unique content strategy, including the development and integration of global animation IPs and gaming assets. The Company’s Board of Directors has unanimously appointed its current President and Chairman of the Board, Mr. Yangyang (James) Li, as Chief Executive Officer of AGAE. Mr. James Li will continue to serve as President, as well as Chairman of the Board. The transition is effective June 26, 2025. As the new CEO, Mr. James Li will lead the Company in further solidifying its core strengths in gaming and immersive entertainment, while actively pursuing the tokenization of real-world assets (RWA), and exploring a deeper integration of cryptocurrency and blockchain technologies within entertainment and gaming. He will also continue to pursue strategic acquisitions to build out a comprehensive industry ecosystem. Announcement • Jun 26
Allied Gaming & Entertainment Reports Nasdaq Communication Related to Procedural Delays Allied Gaming & Entertainment Inc. announced that on June 18, 2025, it received a notice from the staff of The Nasdaq Stock Market (“Staff”) indicating that, based on the Company’s non-compliance with Listing Rule 5620(a), which requires holding an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year end, the Staff determined to initiate procedures to delist the Company’s securities unless the Company requests an appeal to a Nasdaq Hearings Panel (the “Panel”) by June 25, 2025. Additionally, the Staff notified the Company of its non-compliance with Listing Rule 5250(c)(1) for failing to timely file its Form 10-Q for the period ended March 31, 2025 serves as a separate and additional basis for delisting. On June 25, 2025, the Company submitted a hearing request and extended stay request, which will stay any delisting of the Company’s common stock pending the decision of the Panel or any extension the Panel may provide. Importantly, the Company wishes to inform shareholders that these administrative delays were not the result of business performance or internal deficiencies, but were the unfortunate collateral consequence of actions taken by activist shareholder Knighted Pastures LLC (“Knighted”), led by Mr. Roy Choi. Over the past 18 months, Knighted has launched two frivolous lawsuits against the Company, both of which demanded expedited judicial proceedings. These lawsuits have required significant allocation of management’s time and legal resources, disrupted corporate operations, and materially delayed the Company’s ability to finalize disclosures and organize its annual meeting on the originally scheduled timeline in 2024. The Company believes these lawsuits were designed to damage other shareholders’ confidence in the Company and its board of directors, and obstruct the execution of its long-term strategy, for the purpose of pursuing Mr. Choi’s own personal interest. Despite these disruptions, Allied remains committed to transparency, compliance, and protecting shareholder value. The Company has made meaningful operational progress in 2024 and 2025, including launching new entertainment initiatives and achieving revenue growth, and is confident in its strategic trajectory. AGAE’s combined 2024/2025 annual meeting of stockholders is now scheduled to take place on August 4, 2025. AGAE will take all appropriate steps to remain listed on Nasdaq and will continue to act in the best interests of its shareholders. Announcement • May 30
Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report Allied Gaming & Entertainment Inc. announced that on May 22, 2025, it received a deficiency letter (the “Letter”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is not in compliance with the periodic requirements for continued listing set in Nasdaq Listing Rule 5250(c)(1) because the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 (the “Form 10-Q”) was not filed with the Securities and Exchange Commission by the required due date of May 15, 2025 (or May 20, 2025 following the Form 12b-25 filed by the Company on May 15, 2025) and because the Company remains delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “Form 10-K” and together with the Form 10-Q, the “Delinquent Reports”). This Letter received from Nasdaq has no immediate effect on the listing or trading of the Company’s common stock. Under Nasdaq rules, the Company has until June 16, 2025, to submit a plan to regain compliance with the Nasdaq Listing Rules. The Company currently expects it will be able to file the Delinquent Reports prior to such deadline. In the event the Company needs to submit a plan of compliance, and Nasdaq accepts the Company’s plan, Nasdaq may grant an exception of 180 calendar days from the due date of the initial delinquent filing of the Form 10-K, or until October 13, 2025, as instructed by the Letter, to regain compliance with the Nasdaq Listing Rules. However, there is no assurance that Nasdaq will accept the Company’s plan to regain compliance. The Company is working diligently to regain compliance with Nasdaq’s Listing Rules. Announcement • May 26
Allied Gaming & Entertainment Inc., Annual General Meeting, Aug 04, 2025 Allied Gaming & Entertainment Inc., Annual General Meeting, Aug 04, 2025. Announcement • May 16
Allied Gaming & Entertainment Inc. announced delayed 10-Q filing On 05/15/2025, Allied Gaming & Entertainment Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 24
Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Annual Report Allied Gaming & Entertainment Inc. announced that on April 17, 2025, it received a deficiency letter (the “Letter”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is not in compliance with the periodic requirements for continued listing set in Nasdaq Listing Rule 5250(c)(1) because the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “Form 10-K”) was not filed with the Securities and Exchange Commission by the required due date of March 31, 2025 (or April 15, 2025 following the Form 12b-25 filed by the Company on March 31, 2025). This Letter received from Nasdaq has no immediate effect on the listing or trading of the Company’s common stock. Under Nasdaq rules, the Company now has until June 16, 2025, or 60 calendar days from the receipt of the Letter, to submit a plan to regain compliance with the Nasdaq Listing Rules. The Company currently expects it will be able to file the Form 10-K prior to such deadline. In the event the Company needs to submit a plan of compliance, and Nasdaq accepts the Company’s plan, Nasdaq may grant an exception of 180 calendar days from the Form 10-K’s due date, or until October 13, 2025, as instructed by the Letter, to regain compliance with the Nasdaq Listing Rules. However, there is no assurance that Nasdaq will accept the Company’s plan to regain compliance. The Company is working diligently to regain compliance with Nasdaq’s listing rules. This notification has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq. Announcement • Apr 01
Allied Gaming & Entertainment Inc. announced delayed annual 10-K filing On 03/31/2025, Allied Gaming & Entertainment Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Jan 29
Allied Gaming & Entertainment Receives Non-Compliance Letter from Nasdaq Regarding Bid Price Requirement On January 22, 2025, Allied Gaming & Entertainment Inc. (the Company") received a deficiency letter from the Listing Qualifications Department (the Staff") of the Nasdaq Stock Market (Nasdaq") notifying the Company that, for the preceding 30 consecutive business days, the closing bid price for the Company's common stock, par value $0.0001 per share (the Common Stock") was below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the Bid Price Requirement"). The notification received has no immediate effect on the Company's Nasdaq listing. In accordance with Nasdaq rules, the Company has been provided an initial period of 180 calendar days, or until July 21, 2025 (the Compliance Date"), to regain compliance with the Bid Price Requirement. If, at any time before the Compliance Date, the closing bid price for the Common Stock is at least $1.00 for a minimum of 10 consecutive business days, the Staff will provide the Company written confirmation of compliance with the Bid Price Requirement. The Company intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider available options to regain compliance with the Bid Price Requirement. Reported Earnings • Nov 17
Third quarter 2024 earnings released: US$0.11 loss per share (vs US$0.002 profit in 3Q 2023) Third quarter 2024 results: US$0.11 loss per share (down from US$0.002 profit in 3Q 2023). Net loss: US$4.03m (down US$4.10m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Nov 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Philip Ding was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 12
Allied Gaming & Entertainment Inc. to Report Q3, 2024 Results on Nov 14, 2024 Allied Gaming & Entertainment Inc. announced that they will report Q3, 2024 results After-Market on Nov 14, 2024 Announcement • May 22
Allied Gaming & Entertainment Receives Deficiency Letter from the Listing Qualifications Department of Nasdaq Regarding Bid Price Requirement On May 15, 2024, Allied Gaming & Entertainment Inc. (the Company") received a deficiency letter from the Listing Qualifications Department (the Staff") of the Nasdaq Stock Market (Nasdaq") notifying the Company that, for the preceding 32 consecutive business days, the closing bid price for the Company's common stock, par value $0.0001 per share (the Common Stock") was below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the Bid Price Requirement"). The notification received has no immediate effect on the Company's Nasdaq listing. In accordance with Nasdaq rules, the Company has been provided an initial period of 180 calendar days, or until November 11, 2024 (the Compliance Date"), to regain compliance with the Bid Price Requirement. If, at any time before the Compliance Date, the closing bid price for the Common Stock is at least $1.00 for a minimum of 10 consecutive business days, the Staff will provide the Company written confirmation of compliance with the Bid Price Requirement. The Company will monitor the closing bid price of the Common Stock and may, if appropriate, consider available options to regain compliance with the Bid Price Requirement. Announcement • May 17
Allied Gaming & Entertainment Inc. announced delayed 10-Q filing On 05/15/2024, Allied Gaming & Entertainment Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 06
Allied Gaming & Entertainment Inc. Announces Management Changes Allied Gaming & Entertainment Inc. announced the below changes to its Board of Directors (the “Board”) and management team effective April 30, 2024: Ms. Chi Zhao was appointed as an independent director on the Board, as Chair of the Nominating and Corporate Governance Committee, and a member of the Compensation Committee; Mr. Adam Pliska resigned as a director on the Board; Ms. Yinghua Chen resigned as a director on the Board, and will continue as Chief Executive Officer of Allied Gaming & Entertainment; and Mr. Yangyang Li has been appointed as President of the Company, will continue as Chairman of the Board, and has resigned from his position as a member of the Compensation Committee and as Chair of the Nominating and Corporate Governance Committee. Ms. Chi Zhao is an experienced multinational and academic with a background in strategic management, board governance, non-profit organizations, and corporate oversight. Ms. Zhao is currently a Research Fellow at the Ash Center at Harvard Kennedy School and facilitates highest-level inter-governmental closed-door roundtables, seminars, and forums. Previously she was the Director, Investor Relations at Unity Ventures, a top venture capitalist firm based in Beijing. Ms. Zhao received a Bachelor of Arts from Eastern Kentucky University and a Master of Arts from Morehead State University. More recently, Ms. Zhao became a Mason Scholar at the Harvard Kennedy School. Reported Earnings • Mar 31
Full year 2023 earnings released: US$0.097 loss per share (vs US$0.28 loss in FY 2022) Full year 2023 results: US$0.097 loss per share (improved from US$0.28 loss in FY 2022). Net loss: US$3.60m (loss narrowed 67% from FY 2022). Announcement • Mar 26
Allied Gaming & Entertainment Inc. to Report Q4, 2023 Results on Mar 27, 2024 Allied Gaming & Entertainment Inc. announced that they will report Q4, 2023 results After-Market on Mar 27, 2024 Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: US$0.002 (vs US$0.042 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.002 (up from US$0.042 loss in 3Q 2022). Net income: US$75.2k (up US$1.72m from 3Q 2022). Announcement • Nov 07
Allied Gaming & Entertainment Inc. to Report Q3, 2023 Results on Nov 09, 2023 Allied Gaming & Entertainment Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Announcement • Oct 18
Allied Gaming & Entertainment Receives a Deficiency Letter from the Listing Qualifications Department of the Nasdaq Stock Market On October 16, 2023, Allied Gaming & Entertainment Inc. received a deficiency letter from the Listing Qualifications Department of the Nasdaq Stock Market notifying the Company that, for the preceding 30 consecutive business days, the closing bid price for the Company’s common stock, par value $0.0001 per share was below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the Company’s Nasdaq listing. In accordance with Nasdaq rules, the Company has been provided an initial period of 180 calendar days, or until April 15, 2024, to regain compliance with the Bid Price Requirement. If, at any time before the Compliance Date, the closing bid price for the Common Stock is at least $1.00 for a minimum of 10 consecutive business days, the Staff will provide the Company written confirmation of compliance with the Bid Price Requirement. The Company intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider available options to regain compliance with the Bid Price Requirement. Reported Earnings • Aug 13
Second quarter 2023 earnings released: US$0.019 loss per share (vs US$0.094 loss in 2Q 2022) Second quarter 2023 results: US$0.019 loss per share (improved from US$0.094 loss in 2Q 2022). Revenue: US$3.27m (up 182% from 2Q 2022). Net loss: US$691.2k (loss narrowed 81% from 2Q 2022). Announcement • Aug 04
Allied Gaming & Entertainment Inc. to Report Q2, 2023 Results on Aug 10, 2023 Allied Gaming & Entertainment Inc. announced that they will report Q2, 2023 results After-Market on Aug 10, 2023 Announcement • Jul 23
Allied Gaming & Entertainment Inc. Announces Resignation of Bradley Berman as Director On July 19, 2023, Bradley Berman resigned as a director of Allied Gaming & Entertainment Inc., effective immediately. Announcement • May 20
Allied Gaming & Entertainment Inc., Annual General Meeting, Jun 13, 2023 Allied Gaming & Entertainment Inc., Annual General Meeting, Jun 13, 2023, at 10:00 US Eastern Standard Time. Agenda: To elect one Class A director nominated by the Board of Directors to serve for a three-year term expiring in 2026; to ratify the appointment of ZH CPA, LLC to act as the Company’s independent registered public accounting firm; and to transact any other business as may properly come before the annual meeting or any adjournments thereof. Reported Earnings • May 14
First quarter 2023 earnings released: US$0.05 loss per share (vs US$0.096 loss in 1Q 2022) First quarter 2023 results: US$0.05 loss per share (improved from US$0.096 loss in 1Q 2022). Net loss: US$1.89m (loss narrowed 50% from 1Q 2022). Announcement • May 05
Allied Gaming & Entertainment Inc. to Report Q1, 2023 Results on May 11, 2023 Allied Gaming & Entertainment Inc. announced that they will report Q1, 2023 results After-Market on May 11, 2023 Reported Earnings • Mar 25
Full year 2022 earnings released: US$0.28 loss per share (vs US$0.39 loss in FY 2021) Full year 2022 results: US$0.28 loss per share (improved from US$0.39 loss in FY 2021). Net loss: US$10.8m (loss narrowed 28% from FY 2021). Board Change • Feb 15
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Director Adam Pliska was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 22
Allied Esports Entertainment Inc. (NasdaqCM:AESE) announces an Equity Buyback for $10 million worth of its shares. Allied Esports Entertainment Inc. (NasdaqCM:AESE) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its outstanding shares of common stock. The stock repurchase will be funded using the Company's working capital. Any shares purchased under this program will be returned to the status of authorized but unissued shares of common stock. The plan is valid for 24 months. Announcement • Nov 16
Allied Esports Entertainment Inc. announced delayed 10-Q filing On 11/15/2022, Allied Esports Entertainment Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Aug 18
Allied Esports Entertainment Inc. Provides Earnings Guidance for the Second Half of 2022 Allied Esports Entertainment Inc. provided earnings guidance for the second half of 2022. Momentum is building and The company anticipates a strong second half of the year. Reported Earnings • Aug 17
Second quarter 2022 earnings released: US$0.094 loss per share (vs US$0.11 loss in 2Q 2021) Second quarter 2022 results: US$0.094 loss per share (up from US$0.11 loss in 2Q 2021). Net loss: US$3.69m (loss narrowed 15% from 2Q 2021). Board Change • Aug 17
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Director Adam Pliska was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 16
Allied Esports Entertainment Inc. Announces Board Appointments Allied Esports Entertainment Inc. announced that at its annual meeting on July 13, 2022, the stockholders of the Company elected Adam Pliska and Yuanfei Qu to serve as Class C Directors on the Company’s Board of Directors. Announcement • May 28
Allied Esports Entertainment Inc., Annual General Meeting, Jul 13, 2022 Allied Esports Entertainment Inc., Annual General Meeting, Jul 13, 2022, at 10:00 Eastern Daylight. Agenda: To consider electing four Class C directors nominated by the Board of Directors to serve for a three-year term expiring in 2025; to consider ratifying the engagement of Marcum LLP to act as the Company’s independent registered public accounting firm and auditor; and to transact any other business as may properly come before the annual meeting or any adjournments thereof. Announcement • May 25
Allied Esports Entertainment Receives Non-Compliance Notice from Nasdaq On May 19, 2022, Allied Esports Entertainment Inc. (the Company") received a notice from The Nasdaq Market LLC (the Notice") notifying the Company that because the Company remains delinquent in filing its Form 10-K for the period ended December 31, 2021 (the Initial Delinquent Filing"), and has not yet filed its Form 10-Q for the period ended March 31, 2022, the Company no longer complies with Nasdaq's Listing Rule 5250(c)(1) (the Rule"), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the U.S. Securities and Exchange Commission. Under the Nasdaq rules, the Company has until June 20, 2022 (60 days after Nasdaq's notice previously sent with respect to the Initial Delinquent Filing on April 19, 2022) to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan, then Nasdaq may grant an exception of up to 180 calendar days from the due date of the Initial Delinquent Filing to regain compliance. However, there can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. The notice received from Nasdaq has no immediate effect on the listing or trading of the Company's shares of common stock. However, if the Company fails to timely regain compliance with the Rule, the Company's shares of common stock will be subject to delisting from Nasdaq. Announcement • May 24
Allied Esports Entertainment Inc. to Report Q4, 2021 Results on May 25, 2022 Allied Esports Entertainment Inc. announced that they will report Q4, 2021 results After-Market on May 25, 2022 Announcement • May 18
Allied Esports Entertainment Inc. announced delayed 10-Q filing On 05/17/2022, Allied Esports Entertainment Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 22
Allied Esports Entertainment Receives Notification from Nasdaq Related to Delayed Annual Report on Form 10-K Allied Esports Entertainment Inc. (the “Company” or “AESE”) filed a Current Report on Form 8-K with the Securities and Exchange Commission (the "SEC") announcing the Company's receipt of a notice (the "Notice") from Nasdaq notifying the Company that the Company is not in compliance with the periodic filing requirements for continued listing set in Nasdaq Listing Rule 5250(c)(1) (the "Rule") as a result of its failure to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K") with the SEC by the required due date. Under the Nasdaq rules, the Company has 60 calendar days from receipt of the Notice to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan, then Nasdaq may grant an exception of up to 180 calendar days from the due date of the Form 10-K to regain compliance. However, there can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. The notice received from Nasdaq has no immediate effect on the listing or trading of the Company's shares of common stock. However, if the Company fails to timely regain compliance with the Rule, the Company's shares of common stock will be subject to delisting from Nasdaq. Announcement • Apr 01
Allied Esports Entertainment Inc. announced delayed annual 10-K filing On 03/31/2022, Allied Esports Entertainment Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Dec 21
Allied Esports Truck Featuring Enascar Arcade Set to Appear At College Football Playoff Semifinal At the 86th Goodyear Cotton Bowl Classic Allied Esports, a global esports entertainment company and a subsidiary of Allied Esports Entertainment Inc. announced that the Allied Esports Truck, North America’s first and only 18-wheel mobile gaming truck, is set to appear at the College Football Playoff Semifinal at the 86th Goodyear Cotton Bowl Classic featuring No. 1 Alabama and No. 4 Cincinnati on December 31 at AT&T Stadium in Arlington, TX. The special eNASCAR Arcade activation with Goodyear will provide attendees with a unique racing experience as fans get the chance to race each other at some of NASCAR’s most iconic tracks via iRacing simulators on the truck’s main stage. The 80-foot, 35-ton Allied Esports Truck, which includes a main stage, caster booth, roof deck and full production capabilities, returned to the road in 2021 following an eight-month hiatus due to the COVID-19 pandemic. Events this year included seven stops at NASCAR Cup Series races with the eNASCAR Arcade, including the DAYTONA 500 and the NASCAR Cup Series Championship at Phoenix Raceway; “SNS on the Road” at First Colony Mall in Sugar Land, TX; and the three-day hard rock music festival Rocklahoma. Prior to the pandemic-related postponement or cancellation of live events in 2020 and 2021, the Allied Esports Truck was a regular attraction at some of the biggest gaming, sports, entertainment and consumer shows in North America, including Super Bowl LIII, DreamHack, CES, WonderCon, KAABOO, E3, VidCon and Posty Fest. Board Change • Dec 02
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Co-Chairman of the Board & President Lyle Berman was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 24
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: US$0.076 loss per share (up from US$0.24 loss in 3Q 2020). Net loss: US$2.98m (loss narrowed 58% from 3Q 2020). Revenue exceeded analyst estimates by 104%. Over the next year, revenue is expected to shrink by 61% compared to a 26% growth forecast for the industry in Germany. Announcement • Nov 24
An unknown buyer entered into a non-binding letter of intent to acquire the Esports business of Allied Esports Entertainment Inc. (NasdaqCM:AESE). An unknown buyer entered into a non-binding letter of intent to acquire the Esports business of Allied Esports Entertainment Inc. (NasdaqCM:AESE) on November 22, 2021. Board Change • Oct 19
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Director Alexander Misch was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.