1<\/sup><\/p>\n\nBased on the findings reflected in the Court\u2019s order, the Company\u2019s Board of Directors has made a preliminary determination that the Knighted Group, including Knighted and Mr. Roy Choi, triggered the Company\u2019s shareholder rights plan (the \u201cRights Plan\u201d), which was adopted and announced on February 9, 2024. In response to inquiries and requests from multiple shareholders of the Company regarding the implications of the Court\u2019s order and the Rights Plan, the Board of Directors currently intends to include a proposal at the next annual meeting seeking stockholder approval to confirm and ratify the Board\u2019s preliminary determination that Knighted and Mr. Roy Choi triggered the Rights Plan and authorize the Board of Directors to determine and implement any appropriate actions or mechanics related to the enforcement of the Rights Plan. The Board\u2019s determination is preliminary and will fully consider and take into account the views of shareholders and relevant professional advisors. The Board ultimately may not include a proposal at the annual meeting regarding the Rights Plan. Anyone who has thoughts or comments regarding the above matters is welcome to contact the Company at any time.<\/p>\n
\nThe Company will provide additional updates as appropriate.<\/p>\n
\nAbout Allied Gaming & Entertainment<\/b><\/p>\n
\nAllied Gaming & Entertainment Inc. (Nasdaq: AGAE) is a global experiential entertainment company committed to delivering unique experiences to the growing communities of gamers, creators, and live-event audiences through its well-known assets, products, and services. For more information, please visit alliedgaming.gg<\/b>.<\/p>\n
\n\u00a0<\/p>\n<\/div>\n<\/div>\n
\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source www.businesswire.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK–(BUSINESS WIRE)–Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) (\u201cAllied\u201d or the \u201cCompany\u201d), a global experiential entertainment and gaming company, today provided an update regarding its litigation against Knighted Pastures LLC (\u201cKnighted\u201d), Mr. Roy Choi, his mother Ms. Naomi Choi, and Ms. Yiu-Ting So, a long-time business associate of Mr. Choi (Knighted and Mr. Choi, […]<\/p>\n","protected":false},"author":2,"featured_media":2171297,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[],"class_list":["post-2171296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/11\/Allied-Gaming-Entertainment-Provides-Update-on-Litigation-and-Related.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2171296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2171296"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2171296\/revisions"}],"predecessor-version":[{"id":2171298,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2171296\/revisions\/2171298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2171297"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2171296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2171296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2171296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}