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[8-K] Allied Gaming & Entertainment Inc. Reports Material Event

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Rhea-AI Filing Summary

SCYNEXIS, Inc. (SCYX) – Form 4 insider transaction

Non-employee director Armando Anido reported two equity awards granted on 26 June 2025:

  • 23,000 restricted stock units (RSUs) of common stock at a deemed price of $0 (code “A”). All RSUs vest 100 % on the first anniversary of the grant, contingent on continued board service. Post-grant, Anido holds 71,000 directly owned shares.
  • Stock option for 23,000 shares with an exercise price of $0.74, expiring 25 June 2035. The option also vests 100 % after one year of service.

The filing signals additional equity-based alignment between the director and shareholders but represents a routine non-cash compensation grant rather than an open-market purchase. No sale or disposition occurred, and no immediate cash outflow by the company is disclosed. The total potential dilution from the awards is immaterial relative to SCYNEXIS’s outstanding share count.

SCYNEXIS, Inc. (SCYX) – Transazione interna Form 4

Il direttore non dipendente Armando Anido ha segnalato due assegnazioni di azioni concesse il 26 giugno 2025:

  • 23.000 unità azionarie vincolate (RSU) di azioni ordinarie a un prezzo convenzionale di $0 (codice “A”). Tutte le RSU maturano al 100% nel primo anniversario della concessione, subordinatamente al proseguimento del servizio nel consiglio. Dopo la concessione, Anido detiene 71.000 azioni direttamente possedute.
  • Opzione su azioni per 23.000 azioni con un prezzo di esercizio di $0,74, con scadenza il 25 giugno 2035. L’opzione matura anch’essa al 100% dopo un anno di servizio.

La comunicazione indica un ulteriore allineamento basato su azioni tra il direttore e gli azionisti, ma rappresenta una normale concessione di compenso non monetario piuttosto che un acquisto sul mercato aperto. Non si sono verificate vendite o cessioni, e non è stato rilevato alcun esborso immediato di liquidità da parte della società. La diluizione potenziale totale derivante dalle assegnazioni è irrilevante rispetto al numero di azioni in circolazione di SCYNEXIS.

SCYNEXIS, Inc. (SCYX) – Transacción interna Formulario 4

El director no empleado Armando Anido reportó dos premios de acciones otorgados el 26 de junio de 2025:

  • 23,000 unidades restringidas de acciones (RSU) de acciones comunes a un precio considerado de $0 (código “A”). Todas las RSU se consolidan 100 % en el primer aniversario de la concesión, condicionado a la continuidad en el servicio del consejo. Tras la concesión, Anido posee 71,000 acciones de propiedad directa.
  • Opción sobre acciones para 23,000 acciones con un precio de ejercicio de $0.74, que expira el 25 de junio de 2035. La opción también se consolida al 100 % después de un año de servicio.

El informe señala una mayor alineación basada en acciones entre el director y los accionistas, pero representa una concesión rutinaria de compensación no monetaria en lugar de una compra en el mercado abierto. No se realizó ninguna venta o disposición, y no se revela ningún desembolso de efectivo inmediato por parte de la empresa. La dilución potencial total de los premios es insignificante en relación con el número de acciones en circulación de SCYNEXIS.

SCYNEXIS, Inc. (SCYX) – Form 4 내부자 거래 보고

비임원 이사 Armando Anido가 2025년 6월 26일에 부여된 두 가지 주식 보상을 보고했습니다:

  • 23,000개의 제한된 주식 단위(RSU)를 액면가 $0(코드 “A”)로 보통주로 부여받았습니다. 모든 RSU는 부여일로부터 1주년 시 100% 베스팅되며, 이사회 서비스 지속이 조건입니다. 부여 후 Anido는 직접 보유한 71,000주를 가지고 있습니다.
  • 23,000주에 대한 스톡 옵션으로 행사가격은 $0.74이며, 만료일은 2035년 6월 25일입니다. 이 옵션도 1년 서비스 후 100% 베스팅됩니다.

이번 신고는 이사와 주주 간의 주식 기반 추가 정렬을 나타내지만, 공개 시장에서의 매입이 아닌 일상적인 무현금 보상 부여입니다. 매도나 처분은 없었으며, 회사의 즉각적인 현금 유출도 보고되지 않았습니다. 수여 주식으로 인한 잠재적 희석 효과는 SCYNEXIS의 발행 주식 수에 비해 미미합니다.

SCYNEXIS, Inc. (SCYX) – Transaction d’initié Formulaire 4

Le directeur non salarié Armando Anido a déclaré deux attributions d’actions accordées le 26 juin 2025 :

  • 23 000 unités d’actions restreintes (RSU) d’actions ordinaires à un prix réputé de 0 $ (code « A »). Toutes les RSU acquièrent 100 % au premier anniversaire de l’attribution, sous réserve de la poursuite du service au conseil. Après l’attribution, Anido détient 71 000 actions détenues directement.
  • Option d’achat de 23 000 actions avec un prix d’exercice de 0,74 $, expirant le 25 juin 2035. L’option acquiert également 100 % après un an de service.

Le dépôt signale un alignement supplémentaire basé sur des actions entre le directeur et les actionnaires, mais représente une attribution de rémunération non monétaire de routine plutôt qu’un achat sur le marché ouvert. Aucune vente ou cession n’a eu lieu, et aucun décaissement immédiat de la société n’est divulgué. La dilution potentielle totale des attributions est négligeable par rapport au nombre d’actions en circulation de SCYNEXIS.

SCYNEXIS, Inc. (SCYX) – Insider-Transaktion Form 4

Der nicht-geschäftsführende Direktor Armando Anido meldete zwei Aktienzuteilungen, die am 26. Juni 2025 gewährt wurden:

  • 23.000 Restricted Stock Units (RSUs) von Stammaktien zu einem angenommenen Preis von 0 $ (Code „A“). Alle RSUs werden zu 100 % am ersten Jahrestag der Gewährung fällig, vorausgesetzt, die Vorstandsmitgliedschaft wird fortgesetzt. Nach der Gewährung hält Anido 71.000 direkt gehaltene Aktien.
  • Aktienoption für 23.000 Aktien mit einem Ausübungspreis von 0,74 $, gültig bis zum 25. Juni 2035. Die Option wird ebenfalls zu 100 % nach einem Jahr Dienstzeit fällig.

Die Meldung signalisiert eine zusätzliche aktienbasierte Ausrichtung zwischen dem Direktor und den Aktionären, stellt jedoch eine routinemäßige nicht-barwertige Vergabe dar und keinen Kauf am offenen Markt. Es gab keinen Verkauf oder eine Veräußerung, und kein sofortiger Geldabfluss seitens des Unternehmens wird angegeben. Die potenzielle Verwässerung durch die Zuteilungen ist im Verhältnis zur ausstehenden Aktienzahl von SCYNEXIS unerheblich.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine director equity grant; modest insider alignment, minimal dilution, no immediate valuation impact.

The RSU and option grants increase Mr. Anido’s stake but are standard board compensation. Because the RSUs were priced at zero and the option strike is only $0.74—near penny-stock levels—the awards embed upside if SCYX recovers, modestly aligning incentives. However, the grants do not involve open-market cash purchases, so the signaling power is limited. The aggregate 46k-share award is immaterial compared with SCYX’s float, so dilution is negligible. Overall impact is neutral from an investment thesis perspective.

TL;DR: Grants follow typical one-year cliff vesting; governance practices appear standard.

The one-year cliff vesting for both RSUs and options is customary for small-cap biotech boards, encouraging retention without excessive long-dated overhang. The 10-year option term is mainstream. No red flags on disclosure, timing, or 10b5-1 plan usage. Because compensation is equity-based, it conserves cash, appropriate for development-stage firms. Investors should watch future grants to ensure cumulative dilution stays within plan limits.

SCYNEXIS, Inc. (SCYX) – Transazione interna Form 4

Il direttore non dipendente Armando Anido ha segnalato due assegnazioni di azioni concesse il 26 giugno 2025:

  • 23.000 unità azionarie vincolate (RSU) di azioni ordinarie a un prezzo convenzionale di $0 (codice “A”). Tutte le RSU maturano al 100% nel primo anniversario della concessione, subordinatamente al proseguimento del servizio nel consiglio. Dopo la concessione, Anido detiene 71.000 azioni direttamente possedute.
  • Opzione su azioni per 23.000 azioni con un prezzo di esercizio di $0,74, con scadenza il 25 giugno 2035. L’opzione matura anch’essa al 100% dopo un anno di servizio.

La comunicazione indica un ulteriore allineamento basato su azioni tra il direttore e gli azionisti, ma rappresenta una normale concessione di compenso non monetario piuttosto che un acquisto sul mercato aperto. Non si sono verificate vendite o cessioni, e non è stato rilevato alcun esborso immediato di liquidità da parte della società. La diluizione potenziale totale derivante dalle assegnazioni è irrilevante rispetto al numero di azioni in circolazione di SCYNEXIS.

SCYNEXIS, Inc. (SCYX) – Transacción interna Formulario 4

El director no empleado Armando Anido reportó dos premios de acciones otorgados el 26 de junio de 2025:

  • 23,000 unidades restringidas de acciones (RSU) de acciones comunes a un precio considerado de $0 (código “A”). Todas las RSU se consolidan 100 % en el primer aniversario de la concesión, condicionado a la continuidad en el servicio del consejo. Tras la concesión, Anido posee 71,000 acciones de propiedad directa.
  • Opción sobre acciones para 23,000 acciones con un precio de ejercicio de $0.74, que expira el 25 de junio de 2035. La opción también se consolida al 100 % después de un año de servicio.

El informe señala una mayor alineación basada en acciones entre el director y los accionistas, pero representa una concesión rutinaria de compensación no monetaria en lugar de una compra en el mercado abierto. No se realizó ninguna venta o disposición, y no se revela ningún desembolso de efectivo inmediato por parte de la empresa. La dilución potencial total de los premios es insignificante en relación con el número de acciones en circulación de SCYNEXIS.

SCYNEXIS, Inc. (SCYX) – Form 4 내부자 거래 보고

비임원 이사 Armando Anido가 2025년 6월 26일에 부여된 두 가지 주식 보상을 보고했습니다:

  • 23,000개의 제한된 주식 단위(RSU)를 액면가 $0(코드 “A”)로 보통주로 부여받았습니다. 모든 RSU는 부여일로부터 1주년 시 100% 베스팅되며, 이사회 서비스 지속이 조건입니다. 부여 후 Anido는 직접 보유한 71,000주를 가지고 있습니다.
  • 23,000주에 대한 스톡 옵션으로 행사가격은 $0.74이며, 만료일은 2035년 6월 25일입니다. 이 옵션도 1년 서비스 후 100% 베스팅됩니다.

이번 신고는 이사와 주주 간의 주식 기반 추가 정렬을 나타내지만, 공개 시장에서의 매입이 아닌 일상적인 무현금 보상 부여입니다. 매도나 처분은 없었으며, 회사의 즉각적인 현금 유출도 보고되지 않았습니다. 수여 주식으로 인한 잠재적 희석 효과는 SCYNEXIS의 발행 주식 수에 비해 미미합니다.

SCYNEXIS, Inc. (SCYX) – Transaction d’initié Formulaire 4

Le directeur non salarié Armando Anido a déclaré deux attributions d’actions accordées le 26 juin 2025 :

  • 23 000 unités d’actions restreintes (RSU) d’actions ordinaires à un prix réputé de 0 $ (code « A »). Toutes les RSU acquièrent 100 % au premier anniversaire de l’attribution, sous réserve de la poursuite du service au conseil. Après l’attribution, Anido détient 71 000 actions détenues directement.
  • Option d’achat de 23 000 actions avec un prix d’exercice de 0,74 $, expirant le 25 juin 2035. L’option acquiert également 100 % après un an de service.

Le dépôt signale un alignement supplémentaire basé sur des actions entre le directeur et les actionnaires, mais représente une attribution de rémunération non monétaire de routine plutôt qu’un achat sur le marché ouvert. Aucune vente ou cession n’a eu lieu, et aucun décaissement immédiat de la société n’est divulgué. La dilution potentielle totale des attributions est négligeable par rapport au nombre d’actions en circulation de SCYNEXIS.

SCYNEXIS, Inc. (SCYX) – Insider-Transaktion Form 4

Der nicht-geschäftsführende Direktor Armando Anido meldete zwei Aktienzuteilungen, die am 26. Juni 2025 gewährt wurden:

  • 23.000 Restricted Stock Units (RSUs) von Stammaktien zu einem angenommenen Preis von 0 $ (Code „A“). Alle RSUs werden zu 100 % am ersten Jahrestag der Gewährung fällig, vorausgesetzt, die Vorstandsmitgliedschaft wird fortgesetzt. Nach der Gewährung hält Anido 71.000 direkt gehaltene Aktien.
  • Aktienoption für 23.000 Aktien mit einem Ausübungspreis von 0,74 $, gültig bis zum 25. Juni 2035. Die Option wird ebenfalls zu 100 % nach einem Jahr Dienstzeit fällig.

Die Meldung signalisiert eine zusätzliche aktienbasierte Ausrichtung zwischen dem Direktor und den Aktionären, stellt jedoch eine routinemäßige nicht-barwertige Vergabe dar und keinen Kauf am offenen Markt. Es gab keinen Verkauf oder eine Veräußerung, und kein sofortiger Geldabfluss seitens des Unternehmens wird angegeben. Die potenzielle Verwässerung durch die Zuteilungen ist im Verhältnis zur ausstehenden Aktienzahl von SCYNEXIS unerheblich.



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 24, 2025

Allied Gaming & Entertainment Inc.
(Exact name of registrant as specified in its charter)

Delaware
 
001-38226
 
82-1659427
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)

745 Fifth Avenue, Suite 500
New York, New York 10151
(Address of principal executive offices, including zip code)

(646) 768-4240
(Registrant's telephone number, including area code)

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.0001 per share
AGAE
NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 5.02.           Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of Chief Executive Officer

On June 24, 2025, Ms. Yinghua Chen notified the Board of Directors (the “Board”) of Allied Gaming & Entertainment, Inc. (the “Company”) of her resignation as Chief Executive Officer of the Company, and the Board accepted the resignation.  Ms. Chen will continue to serve the Company in a senior strategic capacity as the Chief Executive Officer of the Company’s wholly owned subsidiary, Allied Esports International, Inc. (“AEI”) where Ms. Chen will focus on advancing AEI’s unique content strategy, including the development and integration of global animation intellectual property and gaming assets.

Appointment of Chief Executive Officer

On June 24, 2025, the Board appointed Mr. Yangyang (James) Li, 46, as Chief Executive Officer of the Company, effective immediately.  Mr. Li will continue to serve as President, as well as Chairman of the Board, and no changes will be made to his current compensation package which includes a base salary of $400,000.  There is no family relationship between Mr. Li and any other director or executive officers.

Yangyang Li is a seasoned entrepreneur and executive leader with over two decades of experience founding, leading, and advising publicly listed companies across media, technology, advertisement, SaaS and international businesses. Known for his visionary leadership and cross-border operational expertise, Mr. Li brings strategic insight and deep capital markets experience to the Company’s Board and executive team. Mr. Li has served as the Chairman of the Board since December 2021 and President of the Company since April 2024.  From June 2020 to September 2022, Mr. Li served as Chairman and Executive Director, and later as Non-Executive Chairman, of Ourgame International Holdings Limited, a Hong Kong-listed entertainment company. Since 2014, Mr. Li has held the position of Chairman of the Board at World Business Services Union and Choi Shun Investment, overseeing investment strategy and multinational business development across Asia and Europe. Mr. Li. Served as Chairman of Elephant Media Group in 2008 and in 2003 founded Business Media China Group (Frankfurt Stock Exchange: BMC) and served as its CEO, leading it to a market capitalization exceeding RMB 5 billion by 2005.

Mr. Li holds a Bachelor of Business Administration from the University of International Business & Economics in Beijing, China.

Item 7.01.           Regulation FD.

On June 26, 2025, the Company released a press release announcing the resignation of Ms. Chen and appointment of Mr. Li, a copy of which is attached hereto as Exhibit 99.1.

The information furnished in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be considered “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended, or under the Exchange Act, unless the Company expressly sets forth in such future filings that such information is to be considered “filed” or incorporated by reference therein.

Item 9.01.           Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit No.
 
Description
99.1
 
Press release dated June 26, 2025
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 


SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
ALLIED GAMING & ENTERTAINMENT, INC.
 
 
 
Date: June 30, 2025
By:  
/s/ Roy Anderson
 
 
Roy Anderson
 
 
Chief Financial Officer
 

Allied Esports Entertainment, Inc.

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