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Allied Esports Entertainment, Inc. Stock Price, News & Analysis

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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 Esports Entertainment Inc. (AGAE) operates at the intersection of competitive gaming and experiential entertainment. This dedicated news hub provides investors and esports enthusiasts with verified updates about the company's strategic initiatives, financial developments, and industry leadership.

Access comprehensive coverage of AGAE's live event productions, digital content strategies, and community engagement efforts. Our curated news collection features official press releases alongside analysis of key business moves, including tournament partnerships, licensing agreements, and technological innovations in interactive media.

Regular updates include quarterly financial results, event announcements, and corporate partnership disclosures. Stay informed about the company's position in the evolving esports landscape through coverage of its experiential entertainment venues, digital platform expansions, and community-driven gaming initiatives.

Bookmark this page for direct access to AGAE's latest developments. Check back frequently to monitor how the company continues shaping the future of competitive gaming through immersive experiences and strategic industry collaborations.

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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.

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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.

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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.

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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.

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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.

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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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Allied Gaming & Entertainment (NASDAQ: AGAE) has released an investor presentation ahead of its combined 2024/2025 Annual Meeting of Stockholders scheduled for August 4, 2025. The company highlighted its strategic growth initiatives and urged stockholders to vote "FOR" all six Allied director nominees on the WHITE proxy card.

The presentation emphasizes AGAE's successful track record, including consistent revenue growth over the last 4 years and outperformance against peers across 1-year, 3-year, and 5-year periods. The company's strategy focuses on organic growth, strategic partnerships, and accretive acquisitions in gaming, proprietary content IP, and entertainment.

The Board strongly opposes Knighted Pastures LLC's proxy contest, noting their lack of engagement in previous annual meetings and absence of a clear strategic plan for the company.

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Allied Gaming & Entertainment (NASDAQ: AGAE) has issued a critical letter to stockholders regarding its combined 2024/2025 Annual Meeting scheduled for August 4, 2025. The company strongly urges shareholders to vote "FOR" all six director nominees on the WHITE proxy card, while warning against dissident stockholder Knighted Pastures LLC's attempt to take control of the Board.

The company highlights its strong performance with total shareholder returns of 241%, 123%, and 34% for 1-year, 3-year, and 5-year periods as of June 24, 2025, significantly outperforming peers. Under current leadership, AGAE has achieved 19% revenue growth in fiscal 2024 and maintains a strong balance sheet with $71.5 million in cash and short-term investments as of December 31, 2024.

Recent strategic initiatives include launching the World Mahjong Tour, co-launching RythmX x Strawberry Music Festival in Macau, and investing in The Angry Birds Movie 3. The company alleges that Knighted Pastures and Roy Choi have engaged in potentially illegal share accumulation tactics and have filed costly lawsuits that have disrupted business operations and strategic partnerships.

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Allied Gaming & Entertainment (NASDAQ:AGAE) announced a significant leadership transition with current CEO Yinghua Chen stepping down to focus on the Company's content strategy as CEO of Allied Esports International subsidiary. Chairman James Li has been appointed as the new CEO of AGAE, while retaining his positions as President and Board Chairman.

The transition aims to accelerate AGAE's strategic growth in gaming and immersive entertainment, with plans to explore tokenization of real-world assets and integration of cryptocurrency and blockchain technologies. The company is currently facing challenges from Roy Choi and associated parties, who are attempting to gain control of the company without offering a control premium to shareholders.

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Allied Gaming & Entertainment (NASDAQ: AGAE) received a delisting notice from Nasdaq on June 18, 2025, due to non-compliance with two listing rules: failure to hold an annual shareholder meeting within 12 months of fiscal year-end and failure to file its Q1 2025 Form 10-Q.

The company has requested a hearing and stay from the Nasdaq Hearings Panel on June 25, 2025, which will temporarily prevent delisting. AGAE attributes these delays to disruptions caused by activist shareholder Knighted Pastures LLC, which filed two lawsuits requiring significant management attention and resources. The company has scheduled its combined 2024/2025 annual meeting for August 4, 2025.

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FAQ

What is the current stock price of Allied Esports Entertainment (AGAE)?

The current stock price of Allied Esports Entertainment (AGAE) is $1.15 as of August 27, 2025.

What is the market cap of Allied Esports Entertainment (AGAE)?

The market cap of Allied Esports Entertainment (AGAE) is approximately 48.8M.
Allied Esports Entertainment, Inc.

Nasdaq:AGAE

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AGAE Stock Data

48.82M
6.85M
81.98%
2.94%
0.5%
Entertainment
Services-amusement & Recreation Services
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United States
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