[SCHEDULE 13G] Allied Gaming & Entertainment Inc. SEC Filing
Schedule 13G filing for Allied Gaming & Entertainment Inc. (AGAE) shows that two Missouri nonprofit reporting persons, Greater Horizons and Greater Kansas City Community Foundation, received a gift of 3,800,000 shares of the issuer's common stock on August 29, 2025, representing 9.99% of the outstanding shares based on 38,018,882 shares reported as of August 12, 2025. The filing states Greater Horizons sold all 3,800,000 shares in open market transactions on September 12, 2025. The cover-page ownership amounts are zero, and the reporting persons assert the shares were not acquired to influence control of the issuer.
- Full disclosure of receipt and subsequent disposition of 3,800,000 shares (9.99%)
- Reporting persons confirm the shares were not acquired to influence control
- No ongoing beneficial ownership following the September 12, 2025 sales (0% ownership)
- Filing lacks transaction details such as sale prices and counterparties, limiting assessment of market impact
Insights
TL;DR: A near-10% block was gifted then fully sold in public market; reporting persons now hold 0% and confirm no control intent.
The filing documents a large, non-economic transfer followed by an open-market disposition within two weeks. Material facts: 3,800,000 shares (9.99%) were gifted on August 29, 2025, and sold by Greater Horizons on September 12, 2025, leaving the reporting entities with zero beneficial ownership. The reporting persons are nonprofit Missouri corporations and the filing references 38,018,882 shares outstanding as of August 12, 2025. The certification states the shares were not intended to affect control.
TL;DR: Transfer and rapid sale of a 9.99% block increased free float briefly; no ongoing ownership remains.
The disclosure is factual and limited: it confirms receipt of 3,800,000 shares and their complete sale, and reports zero shared or sole voting or dispositive power following the transactions. The filing does not provide transaction prices, counterparties, or impact on the issuer's market capitalization beyond the stated outstanding share count of 38,018,882. No additional financial metrics or intentions are disclosed.