Allied Gaming & Entertainment (NASDAQ: AGAE) received a Nasdaq Staff Determination on May 6, 2026, after not regaining compliance with the $1.00 minimum bid price and not yet filing its 2025 Form 10-K.
The company will request a hearing and plans measures, including a potential reverse stock split, to maintain its Nasdaq listing.
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AI-generated analysis. Not financial advice.
Positive
- Company will request a Nasdaq hearing by May 13, 2026 to seek continued listing
- Trading in AGAE shares continues on Nasdaq during at least a 15-day stay period
- Management plans measures, including a potential reverse stock split, to restore bid-price compliance
Negative
- Nasdaq Staff Determination issued for failure to regain $1.00 minimum bid compliance
- Company has not yet filed its Form 10-K for year ended December 31, 2025
- Risk of suspension and possible delisting if compliance is not restored after the hearing process
Nasdaq minimum bid
$1.00
Required stock price to maintain listing under Nasdaq rules
Nasdaq notice date
May 6, 2026
Date Nasdaq Staff Determination letter was received
Hearing request deadline
May 13, 2026
Date by which the company will request a hearing
Stay period
15 days
Automatic stay of suspension after hearing request
10-K year-end
December 31, 2025
Fiscal year for the delayed Annual Report on Form 10-K
$0.4500
Last Close
Volume
Volume 736,224 is about 0.02x the 20-day average of 38,174,888, indicating muted trading ahead of this listing notice.
low
Technical
Shares at $0.45 are trading below the $0.64 200-day moving average, reflecting a sustained downtrend into the Nasdaq price-deficiency update.
Sector peers show mixed moves, with examples including TOON -0.47%, KUKE +39%, ANGH -3.61%, and BREA -12.32%. Only TOON appeared on the momentum scanner, and overall activity does not indicate a unified sector move, supporting this as stock-specific listing and compliance risk.
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 04 |
AI pivot & financing |
Positive |
-9.9% |
Announced AI-focused rebranding and up to US$300M convertible note financing plan. |
| Apr 27 |
Shareholder no-sale pledge |
Negative |
-9.1% |
Major holder’s non-binding no-sale commitment highlighted lack of enforceable lock-up. |
| Apr 21 |
Nasdaq filing deficiency |
Negative |
-4.7% |
Nasdaq letter over delayed Form 10-K and timetable for compliance plan submission. |
| Apr 21 |
Short-selling review |
Negative |
-15.0% |
Board formed special committee to address volatility and elevated short‑selling signals. |
| Apr 20 |
M&A pricing policy |
Positive |
-0.3% |
Updated internal floor for future M&A share issuances and disclosed asset metrics. |
Recent news has often been followed by declines, including -9.92% after the AI rebranding plan and -14.97% after the short‑selling review. Even balance-sheet and policy updates saw slight weakness, suggesting investors have been selling into both strategic and regulatory headlines.
Over the past month, AGAE has issued several material updates. On Apr 20, it detailed an internal reference floor of US$2.00 per share backed by US$98.01M in assets, yet shares slipped slightly. A Nasdaq deficiency letter on the delayed 2025 Form 10-K and a statement on unusual short‑selling activity each drew further declines. The May 4 AI rebranding and supercomputing center plan, with up to US$300M in proposed financing, also met with selling, framing today’s Nasdaq stock‑price notice within a pattern of skepticism toward recent corporate actions.
This announcement details a Nasdaq Staff Determination over AGAE’s share price remaining below $1.00 and the delayed 2025 Form 10-K, along with plans to request a hearing and consider a reverse stock split. In recent months, investors have reacted cautiously to governance, litigation, and strategy updates. Going forward, the hearing outcome, timing of the 2025 Form 10-K filing, and any concrete corporate actions to restore listing compliance will be important to monitor.
reverse stock split
financial
“including a reverse stock split and other relevant measures to naturally raise the stock price”
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
form 8-k
regulatory
“the contents of which were disclosed in the Company’s Form 8-K filed on May 11, 2026”
A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company’s value or stock price.
annual report on form 10-k
regulatory
“has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2025”
An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.
AI-generated analysis. Not financial advice.
NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) — Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company” or “AGAE”), a global experiential entertainment company, today announced that on May 6, 2026, it received a notice (the “Notice”) from the staff (“Staff”) of The Nasdaq Stock Market (“Nasdaq”) , the contents of which were disclosed in the Company’s Form 8-K filed on May 11, 2026. The Company will request a hearing before an independent Hearings Panel (the “Panel”) by May 13, 2026, regarding the Staff’s determination, and the Company will take relevant measures, including a reverse stock split and other relevant measures to naturally raise the stock price back above
A request for a hearing regarding a delinquent filing will stay the suspension of the Common Stock for a period of 15 days from the date of the request. During this period, the Common Stock will continue to be listed and traded on Nasdaq under the ticker symbol “AGAE.” The Company intends to also request an extended stay of the suspension, pending the hearing. A Panel will review the request for an extended stay and notify the Company of its conclusion as soon as is practicable. The hearing process provides the Company with an opportunity to present a comprehensive plan to restore compliance with all applicable listing standards.
The Staff Determination was issued pursuant to Nasdaq Listing Rule 5810(c)(3)(A) on the grounds that the Company has not regained compliance with Nasdaq Listing Rule 5550(a)(2) and the Notice also indicated that the Company has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2025.
James Li stated “that the foregoing reflects the requirements of The Nasdaq Stock Market, and that the Company’s management is confident and will take proactive measures to ensure that the Company regains compliance with Nasdaq’s stock price requirements in the near future.” Mr. Li further stated “that the Company is also taking relevant measures to eliminate relevant or potential risks that may affect the Company’s future development and strategic transformation.”
The Company will provide further disclosure regarding its hearing date, compliance plan, and any related corporate actions as appropriate. Stockholders are encouraged to monitor the Company’s filings for updates.
About Allied Gaming & Entertainment
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. For more information, visit alliedgaming.gg.
Forward Looking Statements
This press release contains certain forward-looking statements under federal securities laws. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “intend” or “continue,” the negative of such terms, or other comparable terminology. These statements include, but are not limited to, statements regarding the Company’s intention to request a hearing before the Panel; the expected stay of any suspension or delisting action pending such hearing; the Company’s ability to present a compliance plan and restore compliance with the Minimum Bid Price Requirement; and the Company’s ability to file the Delinquent 10-K. These forward-looking statements are based on current expectations, estimates, assumptions, and projections and involve known and unknown risks, uncertainties, and other factors—many of which are beyond the Company’s control—that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, the Company’s ability to execute its growth strategy; the outcome of the Nasdaq hearings panel process; market conditions, regulatory changes, operational challenges; and other risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on June 9, 2025, and in subsequent filings with the SEC. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
Contact:
Investor Relations: [email protected]
FAQ
What Nasdaq notice did Allied Gaming & Entertainment (AGAE) receive on May 6, 2026?
Allied Gaming & Entertainment received a Nasdaq Staff Determination regarding non-compliance with listing standards. According to the company, this relates to its failure to regain the $1.00 minimum bid price and its not-yet-filed Form 10-K for the year ended December 31, 2025.
How is Allied Gaming & Entertainment (AGAE) responding to the Nasdaq Staff Determination?
AGAE plans to request a hearing before an independent Nasdaq Hearings Panel by May 13, 2026. According to the company, it will present a comprehensive compliance plan and take measures, including a potential reverse stock split, to restore compliance with Nasdaq listing requirements.
Will Allied Gaming & Entertainment (AGAE) stock continue trading on Nasdaq after the notice?
AGAE shares will continue trading on Nasdaq during at least a 15-day stay after the hearing request. According to the company, it also intends to seek an extended stay of any suspension while the independent Panel reviews its compliance plan and reaches a decision.
What measures might Allied Gaming & Entertainment (AGAE) take to regain the $1.00 bid price?
AGAE is considering a reverse stock split and other relevant actions to raise its share price. According to the company, these measures are intended to restore compliance with Nasdaq’s $1.00 minimum bid requirement and support its broader strategic development and transformation plans.
Why is Allied Gaming & Entertainment (AGAE) also addressing its Form 10-K filing status?
The Nasdaq notice also referenced AGAE’s unfiled Form 10-K for 2025. According to the company, it is taking relevant steps to address filing requirements and other risks that could affect its future development, while preparing a comprehensive plan to meet all applicable listing standards.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.stocktitan.net ’
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