Supplemental Update Regarding the Board’s Current Pricing Approach for Future M&A-Related Share Issuances

Allied Gaming & Entertainment (NASDAQ: AGAE) updated its Board policy on pricing for potential future M&A-related share issuances, stating a current internal reference floor of US$2.00 per share.

Rhea-AI Summary

Allied Gaming & Entertainment (NASDAQ: AGAE) updated its Board policy on pricing for potential future M&A-related share issuances, stating a current internal reference floor of US$2.00 per share.

As of December 31, 2025, total assets were US$98.01M and cash/marketable securities US$50.84M, equal to about US$2.58 total assets and US$2.10 current assets per share (38.0M shares outstanding). The Board cautioned this is an internal reference, not a commitment to transact.

Positive

• Board set a $2.00 per-share M&A issuance reference floor
• Total assets of $98.01M as of December 31, 2025
• Cash and marketable securities of $50.84M available

Negative

• Price floor may restrict deal flexibility for strategic transactions
• Board reference is nonbinding and may change with conditions

Argus Apr 20 session

-0.29% close to close Open Argus

Details

News Market Reaction – AGAE

In the Apr 20 session, AGAE declined 0.29%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement refines the Board’s framework for pricing any future M&A-related equity issuance, ...

Analysis

This announcement refines the Board’s framework for pricing any future M&A-related equity issuance, anchoring it to asset metrics such as US$98,009,412 in total assets and US$2.10 in current assets per share as of December 31, 2025. The Board’s indication that it does not presently expect to approve M&A-related issuances below US$2.00 per share echoes earlier April 2026 updates and underscores a focus on shareholder value in transaction negotiations and capital allocation.

Key Figures

Total assets: US$98,009,412 Cash & liquid investments: US$50,843,080 Total current assets: US$79,852,541 +5 more

Total assets

US$98,009,412

As of December 31, 2025

Cash & liquid investments

US$50,843,080

Cash, cash equivalents, short-term investments, marketable securities at Dec 31, 2025

Total current assets

US$79,852,541

As of December 31, 2025

Shares outstanding

38.0 million

Approximate shares used for per-share metrics

Assets per share

US$2.58

Total assets per share at Dec 31, 2025

Current assets per share

US$2.10

Total current assets per share at Dec 31, 2025

M&A issuance reference floor

US$2.00 per share

Board does not presently expect to approve issuances below this level

Pre-news share price

$0.69

Latest close before article; <b>32.21%</b> up on the day

Historical Context

5 past events · Latest: Apr 16

5 events

1. Apr 16

   Strategic/M&A framework

   24h Move

   +10.6%

   Board outlined M&A issuance floor and strategic progress update.

2. Apr 15

   Strategic transformation

   24h Move

   +43.9%

   Announced AI and token-focused transformation and dispute resolution.

3. Feb 02

   Governance vote

   24h Move

   -1.6%

   Shareholders approved advisory proposal on stockholder rights plan.

4. Jan 24

   Litigation update

   24h Move

   -1.3%

   Court allowed amended complaint in Knighted Pastures litigation.

5. Jan 24

   Counterparty statement

   24h Move

   -1.3%

   Company responded to disclosure by Ourgame International Holdings.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

equity securities, marketable securities, nasdaq listing requirements

3 terms

equity securities financial

"future issuance of equity securities in connection with mergers, acquisitions"

Equity securities are financial instruments that represent ownership shares in a company, like owning a slice of a pie that gives you a claim on its assets and future profits. They matter to investors because ownership can provide returns through price appreciation and occasional profit distributions, and may include voting power to influence company decisions, so their value reflects the firm’s performance and investor expectations.

marketable securities financial

"cash and cash equivalents, short-term investments, and marketable securities"

Marketable securities are financial assets — such as publicly traded stocks, bonds, and short-term government bills — that a company can quickly sell for cash at a known price. Investors watch them because they show how much ready cash a company can access without selling core operations, like keeping money in a highly liquid savings account versus being tied up in a house, and they affect short-term risk, financial flexibility, and balance-sheet strength.

nasdaq listing requirements regulatory

"continue to comply with applicable laws, regulations, and Nasdaq listing requirements"

NASDAQ listing requirements are the financial, governance and disclosure rules a company must meet to have its shares traded on the NASDAQ stock exchange. Think of them as the standards a business must pass to join an exclusive marketplace — they affect whether a stock can be bought easily, how much public information the company must provide, and how investors judge its credibility and risk. Meeting these rules can boost liquidity and investor confidence.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, April 20, 2026 (GLOBE NEWSWIRE) -- Allied Gaming & Entertainment Inc. (NASDAQ: AGAE, “Allied” or the “Company”) today issued the following supplemental update regarding the Board of Directors’ current pricing approach for any potential future issuance of equity securities in connection with mergers, acquisitions, asset integrations, or similar strategic transactions.

The Board has considered the relationship between the Company’s current market trading price and its view of the Company’s underlying value, including the Company’s asset base, liquidity profile, creditor-related value, public company platform value, and the potential value associated with the Company’s strategic transformation initiatives. Consistent with its responsibility to protect the interests of existing shareholders, the Board has determined that, in evaluating any future issuance of equity securities in connection with potential strategic transactions, it intends to apply a disciplined and shareholder-focused approach to pricing.

As of December 31, 2025, the Company had total assets of US$98,009,412, including US$50,843,080 in cash and cash equivalents, short-term investments, and marketable securities, and US$79,852,541 in total current assets. Based on approximately 38.0 million shares outstanding, these amounts equate to approximately US$2.58 per share in total assets and US$2.10 per share in current assets. These reference metrics do not include the value of the Company’s operating assets associated with its ongoing business operations or the potential contribution of future earnings.

Based on its current assessment, the Board does not presently expect to approve future M&A-related share issuances below US$2.00 per share. The Board believes that this reference level more appropriately reflects the Company’s current asset base and public company platform value and would better support the protection of existing shareholders in the context of future transaction negotiations and capital allocation decisions.

The Company cautions that the foregoing reflects the Board’s current internal reference position only, based on information presently available, and may serve as a consideration in future negotiations and Board deliberations. It does not constitute a commitment to complete any transaction, a representation as to the intrinsic value of the Company, or a prediction, guarantee, or commitment regarding the market price of the Company’s securities. Any future issuance price will depend on a range of factors, including, without limitation, transaction structure, the nature and quality of the target assets or businesses, due diligence findings, valuation analysis, market conditions, Board approval, and applicable legal and regulatory requirements.

The Company will continue to comply with applicable laws, regulations, and Nasdaq listing requirements and will make such further disclosures as may be required or appropriate. Investors are urged to exercise caution and independent judgment and to carefully consider the risks associated with any investment decision.

About Allied Gaming & Entertainment Inc.

Allied Gaming & Entertainment Inc. (NASDAQ: AGAE) is a global experiential entertainment company undergoing a strategic transformation into an integrated digital ecosystem platform, with a focus on digital infrastructure, artificial intelligence, and technology-enabled growth opportunities.

Contact:

Investor relations: ir@alliedgaming.gg

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What pricing policy did Allied Gaming (AGAE) announce on April 20, 2026?

The Board said it currently intends not to approve M&A share issuances below US$2.00 per share. According to the company, this is an internal reference to protect existing shareholders and is nonbinding, subject to deal specifics and Board approval.

How much cash and marketable securities did Allied Gaming (AGAE) report as of December 31, 2025?

Allied reported US$50.84 million in cash, short-term investments, and marketable securities. According to the company, this liquidity contributes to per-share reference metrics and factors into the Board’s pricing considerations for future transactions.

What per-share asset metrics did Allied Gaming (AGAE) disclose for year-end 2025?

The company reported about US$2.58 per share in total assets and US$2.10 per share in current assets. According to the company, these reference metrics exclude operating asset value and potential future earnings.

Does Allied Gaming’s (AGAE) $2.00 floor guarantee future transaction prices?

No — the Board’s $2.00 reference is not a guarantee or commitment to transact at that price. According to the company, any issuance price will depend on transaction structure, due diligence, valuations, market conditions, and Board approval.

How might Allied Gaming’s (AGAE) pricing stance affect shareholders?

A $2.00 reference floor aims to protect existing shareholders from dilutive issuances priced below asset-backed levels. According to the company, it serves as a negotiation consideration but could also limit flexibility in completing certain transactions.

Will Allied Gaming (AGAE) disclose further details about future M&A share issuances?

The company said it will comply with laws, Nasdaq rules, and provide further disclosures when appropriate. According to the company, future issuance terms and disclosures will depend on specific transactions and regulatory requirements.