Welcome to our dedicated page for Allied Esports Entertainment news (Ticker: AGAE), a resource for investors and traders seeking the latest updates and insights on Allied Esports Entertainment stock.
Allied Gaming & Entertainment Inc. (NASDAQ: AGAE) is a global experiential entertainment company that reports on activities across gaming, live events, content and digital initiatives. Its news flow provides insight into how the company engages gamers, concertgoers and live-event audiences through in-person operations, mobile gaming and related entertainment assets.
News releases from Allied Gaming & Entertainment frequently cover quarterly financial results, where the company discusses revenues from in-person events, multiplatform content and casual mobile gaming, along with operating performance and the use of non-GAAP measures such as EBITDA and Adjusted EBITDA. These updates often include operational details, such as the number and types of events hosted and examples of third-party activations at its venues and through its mobile gaming truck.
The company’s news also highlights strategic developments. Recent communications describe participation in the investment of The Angry Birds Movie 3 through Flywheel Media, reflecting an interest in globally recognized intellectual property. Allied Gaming & Entertainment has announced an initial investment in Bitcoin and Ethereum as part of a broader blockchain and Real World Asset tokenization roadmap, and has outlined plans to integrate digital assets into its entertainment ecosystem.
Governance and regulatory topics are another recurring theme. The company issues updates on its proxy contest and litigation with Knighted Pastures LLC and related parties, court rulings affecting director elections, and matters related to its shareholder rights plan. It also reports on outcomes of its annual meetings, including advisory votes on executive compensation and auditor ratifications, as well as Nasdaq listing compliance developments.
Investors and followers of AGAE news can use this stream of press releases to track financial performance, event activity, digital asset strategy, intellectual property investments and corporate governance developments over time.
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Allied Gaming & Entertainment (NASDAQ: AGAE) has announced its initial strategic investment in Bitcoin (BTC) and Ethereum (ETH) as part of its corporate treasury management strategy. This marks the company's first step toward incorporating cryptocurrency into its balance sheet and implementing its Real World Asset (RWA) tokenization roadmap.
The investment aligns with AGAE's vision to integrate blockchain technology across its entertainment ecosystem. Future initiatives include expanding blockchain-based payment options, developing proprietary RWA tokenization models for entertainment rights and revenue streams, and implementing stablecoin and utility token integration to enhance user engagement and ecosystem liquidity.
Allied Gaming & Entertainment (NASDAQ: AGAE) announced that Knighted Pastures has terminated its proxy contest against the company. The Federal Court recently issued a preliminary injunction, indicating that Allied was likely to succeed in its claims against Mr. Choi, Knighted, and his associates.
The company noted that while Mr. Choi claims to have divested his interests and donated shares to charitable organizations, Allied has not received verification of these claims. The company emphasized that the proxy contest caused significant disruption and resource expenditure, affecting all shareholders.
With the proxy contest concluded, Allied's management can now refocus on executing its growth strategy and delivering shareholder value.
Allied Gaming & Entertainment (NASDAQ: AGAE) has received favorable updates in its lawsuit against the Knighted Group, including Knighted Pastures LLC and Roy Choi. The US District Court for the Central District of California granted preliminary relief on August 1, 2025, preventing the vote of directors at the company's August 4 annual meeting.
The court's full order issued on August 12, 2025, indicated that Allied is likely to succeed in establishing that the Knighted Parties formed an undisclosed group under Section 13(d). The lawsuit alleges that Knighted and Choi engaged in a scheme to accumulate AGAE stock without proper disclosure, filing deficient Schedule 13D materials with the SEC in an attempt to gain control of the Board.
Allied Gaming & Entertainment (NASDAQ: AGAE) reported its Q2 2025 financial results, showing a decline in performance. Total revenues decreased 27% to $1.9 million compared to $2.6 million in Q2 2024, primarily due to a $1.0 million decrease in mobile gaming revenues. The company's net loss widened to $4.8 million from $3.9 million year-over-year.
The company's cash position stood at $60.0 million as of June 30, 2025, down from $71.5 million at year-end 2024. During Q2, AGAE hosted 75 events, including 36 proprietary and 39 third-party events. Notable events included SNEAKS Showdown, Power Esports Conference, and multiple World Poker Tour events. The company also made strategic investments in properties like Angry Birds 3.
Allied Gaming & Entertainment (NASDAQ: AGAE) announced that stockholders approved all company recommendations at its Combined 2024/2025 Annual Meeting. The approved proposals include executive compensation, frequency of future advisory votes on compensation, and the ratification of ZH CPA, LLC as the independent registered public accounting firm for fiscal years 2024 and 2025.
Chairman, CEO and President Yangyang Li expressed gratitude for stockholders' support and reaffirmed the company's commitment to pursuing strategic growth initiatives through 2025.
Allied Gaming & Entertainment (NASDAQ: AGAE) announced that the U.S. District Court for the Central District of California has issued an order regarding the company's Combined 2024/2025 Annual Meeting of Stockholders scheduled for August 4, 2025.
The court has ordered that the meeting proceed as planned but has enjoined both Allied and Knighted Pastures LLC from conducting any votes related to Board of Directors composition. This includes votes on director nominees and Knighted's proposal to remove Mr. Yangyang Li from the board. All other proposals will be voted on as scheduled.
Stockholders can vote electronically or by telephone until 11:59 PM ET on August 3, 2025, with the company urging votes "FOR" its proposals.
Allied Gaming & Entertainment (NASDAQ: AGAE) has responded to misleading statements made by Knighted Pastures regarding an ISS proxy advisory report ahead of the company's August 4, 2025 combined 2024/2025 Annual Meeting. ISS has recommended withhold votes on five of six director candidates proposed by Knighted Pastures, only supporting Roy Choi.
The company clarified that ISS also recommended against Knighted's proposal to remove Yangyang Li, AGAE's Chairman, CEO and President, from the Board. ISS noted that AGAE's TSR has outperformed peers, with positive one-year returns and healthy cash balances. The Board recommends stockholders vote "FOR" all six of AGAE's director nominees on the WHITE proxy card.
Allied Gaming & Entertainment (NASDAQ: AGAE) has announced its investment participation in The Angry Birds Movie 3 production through Flywheel Media. The film, set for global theatrical release on January 29, 2027 through Paramount Pictures, will be produced by Rovio Entertainment Corporation and SEGA, alongside Prime Focus Studios, Flywheel Media, One Cool Group, and dentsu.
The movie features Jason Sudeikis returning as Red, joined by Josh Gad, Emma Myers, Keke Palmer, and Lily James. The project will be directed by John Rice with animation by DNEG Animation. This investment marks Allied's strategic move into supporting globally recognized franchises that combine storytelling, gaming, and cultural influence.
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