Digitas Global corrects Allied Gaming (AGAE) ownership to 0% stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
Digitas Global LLC filed an amended Schedule 13D stating it has no beneficial ownership of Allied Gaming & Entertainment Inc. common stock. The firm reports 0 shares beneficially owned and 0.0% of the class, with no voting or dispositive power over any shares.
Digitas explains that its original Schedule 13D was filed in error and, after further analysis of SEC Rule 13d-3, it determined it lacks both voting power and investment (dispositive) power over the securities previously reported. CEO David Lee certified the corrected information on 09/12/2025.
Positive
- None.
Negative
- None.
FAQ
What does Allied Gaming & Entertainment Inc. (AGAE) disclose in this Schedule 13D/A?
The filing shows Digitas Global LLC amended its ownership report for Allied Gaming & Entertainment Inc. It now reports beneficial ownership of 0 shares of common stock and 0.0% of the class, with no voting or dispositive power over any securities.
Why did Digitas Global LLC amend its ownership filing for AGAE?
Digitas Global LLC states the original Schedule 13D was filed in error. After further analysis of SEC regulations under Rule 13d-3, it concluded it does not have beneficial ownership because it lacks both voting power and investment (dispositive) power over the previously reported securities.
What is Digitas Global LLC’s current beneficial ownership in Allied Gaming & Entertainment?
Digitas Global LLC reports it now beneficially owns 0 shares of Allied Gaming & Entertainment common stock. The filing states this represents 0.0% of the class and confirms Digitas has neither voting power nor dispositive power over any of the issuer’s securities.
How does SEC Rule 13d-3 relate to this AGAE Schedule 13D/A filing?
The filing says Digitas re-evaluated its status under Rule 13d-3 of the Exchange Act. Based on that analysis, it determined it does not have beneficial ownership because it lacks both voting power and investment (dispositive) power, leading to a revised beneficial ownership of zero shares.
Who signed the amended ownership statement for Allied Gaming & Entertainment (AGAE)?
The amended statement was signed by David Lee as CEO. He certified, after reasonable inquiry and to the best of his knowledge and belief, that the information in the statement is true, complete, and correct, with a signature date of 09/12/2025.
What key percentages are reported in this Allied Gaming & Entertainment ownership update?
The update reports an aggregate beneficial ownership of 0.00 shares and a 0.0% stake in Allied Gaming & Entertainment’s common stock. These figures reflect Digitas Global LLC’s conclusion that it has no voting or dispositive power over the issuer’s securities.