{"id":2391115,"date":"2026-04-27T10:07:09","date_gmt":"2026-04-27T10:07:09","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2391115"},"modified":"2026-04-27T10:07:09","modified_gmt":"2026-04-27T10:07:09","slug":"allied-gaming-primo-no-sale-pledge-is-non-binding","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/allied-gaming-primo-no-sale-pledge-is-non-binding\/","title":{"rendered":"Allied Gaming: Primo no-sale pledge is non-binding"},"content":{"rendered":"<p><\/p>\n<div id=\"\">&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<\/p>\n<div class=\"article-rhea-tools\">\n<div class=\"news-card-body\">\n<div class=\"news-card-summary mb-2\" id=\"rhea-summary-container\" data-news-id=\"1045544\" data-available-langs=\"[&quot;en&quot;,&quot;it&quot;,&quot;es&quot;,&quot;de&quot;,&quot;ko&quot;,&quot;fr&quot;,&quot;ar&quot;]\" data-current-lang=\"en\" data-user-preferred-lang=\"en\" data-ui-labels=\"{&quot;en&quot;:{&quot;summary&quot;:&quot;Rhea-AI Summary&quot;,&quot;positive&quot;:&quot;Positive&quot;,&quot;negative&quot;:&quot;Negative&quot;,&quot;insights&quot;:&quot;Insights&quot;,&quot;tags&quot;:&quot;Tags&quot;,&quot;none&quot;:&quot;None.&quot;},&quot;ko&quot;:{&quot;summary&quot;:&quot;Rhea-AI \uc694\uc57d&quot;,&quot;positive&quot;:&quot;\uae0d\uc815\uc801&quot;,&quot;negative&quot;:&quot;\ubd80\uc815\uc801&quot;,&quot;insights&quot;:&quot;\uc778\uc0ac\uc774\ud2b8&quot;,&quot;tags&quot;:&quot;\ud0dc\uadf8&quot;,&quot;none&quot;:&quot;\uc5c6\uc74c.&quot;},&quot;it&quot;:{&quot;summary&quot;:&quot;Riepilogo Rhea-AI&quot;,&quot;positive&quot;:&quot;Positivo&quot;,&quot;negative&quot;:&quot;Negativo&quot;,&quot;insights&quot;:&quot;Approfondimenti&quot;,&quot;tags&quot;:&quot;Tag&quot;,&quot;none&quot;:&quot;Nessuno.&quot;},&quot;es&quot;:{&quot;summary&quot;:&quot;Resumen Rhea-AI&quot;,&quot;positive&quot;:&quot;Positivo&quot;,&quot;negative&quot;:&quot;Negativo&quot;,&quot;insights&quot;:&quot;Perspectivas&quot;,&quot;tags&quot;:&quot;Etiquetas&quot;,&quot;none&quot;:&quot;Ninguno.&quot;},&quot;de&quot;:{&quot;summary&quot;:&quot;Rhea-AI Zusammenfassung&quot;,&quot;positive&quot;:&quot;Positiv&quot;,&quot;negative&quot;:&quot;Negativ&quot;,&quot;insights&quot;:&quot;Einblicke&quot;,&quot;tags&quot;:&quot;Tags&quot;,&quot;none&quot;:&quot;Keine.&quot;},&quot;fr&quot;:{&quot;summary&quot;:&quot;R\u00e9sum\u00e9 Rhea-AI&quot;,&quot;positive&quot;:&quot;Positif&quot;,&quot;negative&quot;:&quot;N\u00e9gatif&quot;,&quot;insights&quot;:&quot;Perspectives&quot;,&quot;tags&quot;:&quot;Tags&quot;,&quot;none&quot;:&quot;Aucun.&quot;},&quot;ar&quot;:{&quot;summary&quot;:&quot;\u0645\u0644\u062e\u0635 Rhea-AI&quot;,&quot;positive&quot;:&quot;\u0625\u064a\u062c\u0627\u0628\u064a&quot;,&quot;negative&quot;:&quot;\u0633\u0644\u0628\u064a&quot;,&quot;insights&quot;:&quot;\u0631\u0624\u0649&quot;,&quot;tags&quot;:&quot;\u0627\u0644\u0639\u0644\u0627\u0645\u0627\u062a&quot;,&quot;none&quot;:&quot;\u0644\u0627 \u0634\u064a\u0621.&quot;}}\" data-initial-positive=\"[&quot;Major shareholder Primo commits to no-sale intent through &lt;b&gt;Dec 31, 2026&lt;\/b&gt;&quot;,&quot;Company frames commitment as alignment among shareholder, board, and management&quot;]\" data-initial-negative=\"[&quot;Commitment is explicitly &lt;b&gt;non-binding&lt;\/b&gt; with no written lock-up agreement&quot;,&quot;Company gives &lt;b&gt;no assurance&lt;\/b&gt; that covered persons will not sell earlier&quot;]\" data-rhea-loading=\"false\">\n<p>        <!-- SEO OPTIMIZATION: Only render the user's preferred language summary --><\/p>\n<div id=\"summary\" lang=\"en\">\n<p><b>Allied Gaming &amp; Entertainment (NASDAQ: AGAE)<\/b> said major shareholder Primo has made a <b>non-binding commitment<\/b> not to transfer or sell their shares from April 27, 2026 through December 31, 2026. The company noted there is no written lock-up and offered no assurance the shares will not be sold earlier.<\/p>\n<\/div>\n<div id=\"summary-loading\" class=\"d-none text-center py-3\">\n<p>&#13;<br \/>\n            <span class=\"visually-hidden\">Loading&#8230;<\/span>&#13;\n          <\/p>\n<p>          <span class=\"ms-2 text-muted\">Loading translation&#8230;<\/span>\n        <\/div><\/div>\n<div class=\"news-card-takes mt-2\">\n<div id=\"news-card-positive\" class=\"news-card-positive \">\n<h3 class=\"title\">Positive<\/h3>\n<ul>&#13;<br \/>\n            &#13;<\/p>\n<li>Major shareholder Primo commits to no-sale intent through <b>Dec 31, 2026<\/b><\/li>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<li>Company frames commitment as alignment among shareholder, board, and management<\/li>\n<p>&#13;<br \/>\n            &#13;\n          <\/ul>\n<\/p><\/div>\n<div id=\"news-card-negative\" class=\"news-card-negative \">\n<h3 class=\"title\">Negative<\/h3>\n<ul>&#13;<br \/>\n            &#13;<\/p>\n<li>Commitment is explicitly <b>non-binding<\/b> with no written lock-up agreement<\/li>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<li>Company gives <b>no assurance<\/b> that covered persons will not sell earlier<\/li>\n<p>&#13;<br \/>\n            &#13;\n          <\/ul>\n<\/p><\/div><\/div>\n<div class=\"ai-insights-cards\">\n<p>        <!--ST_DYNAMIC_ARGUS_START--><\/p>\n<p><!--ST_DYNAMIC_ARGUS_END--><\/p>\n<p><!-- Argus Momentum Alert (can render independently without insights) --><br \/>\n<!-- Skip if rendered separately via news-article-context-argus.ejs --><\/p>\n<p><!-- Key Figures at a Glance --><\/p>\n<div class=\"context-card\" data-card=\"key-figures\">\n<div class=\"context-card-body\">\n<div class=\"context-figures-grid\">\n<p>&#13;<br \/>\n        <span class=\"context-figure-label\">No-sale period end<\/span>&#13;<br \/>\n        <span class=\"context-figure-value\">December 31, 2026<\/span>&#13;<br \/>\n        &#13;<br \/>\n        <span class=\"context-figure-context\">End date of Primo\u2019s stated no-transfer, no-sale intent<\/span>&#13;<br \/>\n        &#13;\n      <\/p>\n<p>&#13;<br \/>\n        <span class=\"context-figure-label\">Q3 2025 revenue<\/span>&#13;<br \/>\n        <span class=\"context-figure-value\">$1.85 million<\/span>&#13;<br \/>\n        &#13;<br \/>\n        <span class=\"context-figure-context\">Quarter ended September 30, 2025<\/span>&#13;<br \/>\n        &#13;\n      <\/p>\n<p>&#13;<br \/>\n        <span class=\"context-figure-label\">Q3 2024 revenue<\/span>&#13;<br \/>\n        <span class=\"context-figure-value\">$2.16 million<\/span>&#13;<br \/>\n        &#13;<br \/>\n        <span class=\"context-figure-context\">Quarter ended September 30, 2024<\/span>&#13;<br \/>\n        &#13;\n      <\/p>\n<p>&#13;<br \/>\n        <span class=\"context-figure-label\">9M 2025 revenue<\/span>&#13;<br \/>\n        <span class=\"context-figure-value\">$6.04 million<\/span>&#13;<br \/>\n        &#13;<br \/>\n        <span class=\"context-figure-context\">First nine months of 2025<\/span>&#13;<br \/>\n        &#13;\n      <\/p>\n<p>&#13;<br \/>\n        <span class=\"context-figure-label\">9M 2024 revenue<\/span>&#13;<br \/>\n        <span class=\"context-figure-value\">$7.18 million<\/span>&#13;<br \/>\n        &#13;<br \/>\n        <span class=\"context-figure-context\">First nine months of 2024<\/span>&#13;<br \/>\n        &#13;\n      <\/p>\n<p>&#13;<br \/>\n        <span class=\"context-figure-label\">Q3 2025 net loss<\/span>&#13;<br \/>\n        <span class=\"context-figure-value\">$5.40 million<\/span>&#13;<br \/>\n        &#13;<br \/>\n        <span class=\"context-figure-context\">Quarter ended September 30, 2025<\/span>&#13;<br \/>\n        &#13;\n      <\/p>\n<p>&#13;<br \/>\n        <span class=\"context-figure-label\">Cash balance<\/span>&#13;<br \/>\n        <span class=\"context-figure-value\">$15.45 million<\/span>&#13;<br \/>\n        &#13;<br \/>\n        <span class=\"context-figure-context\">As of September 30, 2025<\/span>&#13;<br \/>\n        &#13;\n      <\/p>\n<p>&#13;<br \/>\n        <span class=\"context-figure-label\">Total assets<\/span>&#13;<br \/>\n        <span class=\"context-figure-value\">$106.77 million<\/span>&#13;<br \/>\n        &#13;<br \/>\n        <span class=\"context-figure-context\">As of September 30, 2025<\/span>&#13;<br \/>\n        &#13;\n      <\/p>\n<\/p><\/div><\/div>\n<\/div>\n<p><!-- Market Reality Check + Peers on Argus --><\/p>\n<div class=\"context-card\" data-card=\"market-reality\">\n<div class=\"context-card-body\">\n<div class=\"reality-stats\">\n<p>&#13;<br \/>\n        <span class=\"reality-stat-value\">$0.5210<\/span>&#13;<br \/>\n        <span class=\"reality-stat-label\">Last Close<\/span>&#13;\n      <\/p>\n<p>&#13;<br \/>\n        <span class=\"reality-stat-label\">Volume<\/span>&#13;<br \/>\n        <span class=\"reality-stat-text\">Volume <b>1,149,978<\/b> is far below 20-day average of <b>37,189,146<\/b>, indicating limited pre-news trading activity.<\/span>&#13;<br \/>\n        &#13;<br \/>\n        <span class=\"context-badge context-low\">low<\/span>&#13;<br \/>\n        &#13;\n      <\/p>\n<p>&#13;<br \/>\n        <span class=\"reality-stat-label\">Technical<\/span>&#13;<br \/>\n        <span class=\"reality-stat-text\">Shares at <b>0.521<\/b> are trading below the 200-day MA of <b>0.7<\/b> and about <b>86%<\/b> under the 52-week high of <b>3.79<\/b>.<\/span>&#13;\n      <\/p>\n<\/p><\/div><\/div>\n<\/div>\n<div class=\"context-card\" data-card=\"peers\">\n<div class=\"context-card-body\">\n<div class=\"peers-content\">\n<p class=\"peers-text\">Peers showed mixed moves: <b>KUKE<\/b> up <b>39%<\/b>, <b>ANGH<\/b> up <b>7.1%<\/b>, <b>RDI<\/b> up <b>3.57%<\/b>, while <b>TOON<\/b> fell <b>2.15%<\/b> and <b>BREA<\/b> dropped <b>12.32%<\/b>. This divergence suggests AGAE\u2019s setup was more stock-specific than a broad sector rotation.<\/p>\n<\/p><\/div><\/div>\n<\/div>\n<p><!-- Historical Context Table --><\/p>\n<div class=\"context-card\" data-card=\"historical\">\n<div class=\"context-card-body\">\n<div class=\"context-table-wrapper\">\n<table class=\"context-table\">&#13;<\/p>\n<thead>&#13;<\/p>\n<tr>&#13;<\/p>\n<th>Date<\/th>\n<p>&#13;<\/p>\n<th>Event<\/th>\n<p>&#13;<\/p>\n<th>Sentiment<\/th>\n<p>&#13;<\/p>\n<th>Move<\/th>\n<p>&#13;<\/p>\n<th>Catalyst<\/th>\n<p>&#13;<br \/>\n          <\/tr>\n<p>&#13;\n        <\/thead>\n<p>&#13;<\/p>\n<tbody>&#13;<br \/>\n          &#13;<\/p>\n<tr class=\"\">&#13;<\/p>\n<td class=\"context-cell-date\">Apr 21<\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-event\">&#13;<br \/>\n              &#13;<br \/>\n                <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.stocktitan.net\/news\/AGAE\/allied-gaming-entertainment-receives-expected-nasdaq-notice-3wwkocx2thds.html\">Nasdaq deficiency notice<\/a>&#13;<br \/>\n              &#13;\n            <\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-sentiment\">&#13;<br \/>\n              <span class=\"context-negative\">Negative<\/span>&#13;\n            <\/td>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<td class=\"context-cell-move context-negative\">&#13;<br \/>\n              -4.7%&#13;\n            <\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-catalyst\">&#13;<br \/>\n              &#13;<br \/>\n              Nasdaq letter on delayed Form 10-K and compliance timeline.&#13;\n            <\/td>\n<p>&#13;<br \/>\n          <\/tr>\n<p>&#13;<br \/>\n          &#13;<\/p>\n<tr class=\"\">&#13;<\/p>\n<td class=\"context-cell-date\">Apr 21<\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-event\">&#13;<br \/>\n              &#13;<br \/>\n                <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.stocktitan.net\/news\/AGAE\/statement-regarding-the-company-s-attention-to-unusual-short-selling-4hiscey0wih5.html\">Short-selling review<\/a>&#13;<br \/>\n              &#13;\n            <\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-sentiment\">&#13;<br \/>\n              <span class=\"context-negative\">Negative<\/span>&#13;\n            <\/td>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<td class=\"context-cell-move context-negative\">&#13;<br \/>\n              -15.0%&#13;\n            <\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-catalyst\">&#13;<br \/>\n              &#13;<br \/>\n              Board response to unusual volatility and elevated short-selling signals.&#13;\n            <\/td>\n<p>&#13;<br \/>\n          <\/tr>\n<p>&#13;<br \/>\n          &#13;<\/p>\n<tr class=\"\">&#13;<\/p>\n<td class=\"context-cell-date\">Apr 20<\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-event\">&#13;<br \/>\n              &#13;<br \/>\n                <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.stocktitan.net\/news\/AGAE\/supplemental-update-regarding-the-board-s-current-pricing-approach-t3sjjnl8x5sm.html\">M&amp;A pricing update<\/a>&#13;<br \/>\n              &#13;\n            <\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-sentiment\">&#13;<br \/>\n              <span class=\"context-neutral\">Neutral<\/span>&#13;\n            <\/td>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<td class=\"context-cell-move context-negative\">&#13;<br \/>\n              -0.3%&#13;\n            <\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-catalyst\">&#13;<br \/>\n              &#13;<br \/>\n              Board sets internal US$2.00 share reference for future M&amp;A issuances.&#13;\n            <\/td>\n<p>&#13;<br \/>\n          <\/tr>\n<p>&#13;<br \/>\n          &#13;<\/p>\n<tr class=\"\">&#13;<\/p>\n<td class=\"context-cell-date\">Apr 16<\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-event\">&#13;<br \/>\n              &#13;<br \/>\n                <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.stocktitan.net\/news\/AGAE\/allied-gaming-entertainment-issues-supplemental-update-regarding-30r9kpkxrv4a.html\">Strategic progress update<\/a>&#13;<br \/>\n              &#13;\n            <\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-sentiment\">&#13;<br \/>\n              <span class=\"context-positive\">Positive<\/span>&#13;\n            <\/td>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<td class=\"context-cell-move context-positive\">&#13;<br \/>\n              +10.6%&#13;\n            <\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-catalyst\">&#13;<br \/>\n              &#13;<br \/>\n              Details on digital infrastructure, AI plans, and value protection stance.&#13;\n            <\/td>\n<p>&#13;<br \/>\n          <\/tr>\n<p>&#13;<br \/>\n          &#13;<\/p>\n<tr class=\"\">&#13;<\/p>\n<td class=\"context-cell-date\">Apr 15<\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-event\">&#13;<br \/>\n              &#13;<br \/>\n                <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.stocktitan.net\/news\/AGAE\/allied-gaming-entertainment-announces-strategic-transformation-with-np7htwlo27zg.html\">Strategic transformation<\/a>&#13;<br \/>\n              &#13;\n            <\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-sentiment\">&#13;<br \/>\n              <span class=\"context-positive\">Positive<\/span>&#13;\n            <\/td>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<td class=\"context-cell-move context-positive\">&#13;<br \/>\n              +43.9%&#13;\n            <\/td>\n<p>&#13;<\/p>\n<td class=\"context-cell-catalyst\">&#13;<br \/>\n              &#13;<br \/>\n              Resolution with Knighted and pivot toward AI and token initiatives.&#13;\n            <\/td>\n<p>&#13;<br \/>\n          <\/tr>\n<p>&#13;<br \/>\n          &#13;<br \/>\n        <\/tbody>\n<p>&#13;<br \/>\n      <\/table>\n<\/p><\/div>\n<div class=\"context-pattern-card\">\n<div class=\"context-pattern-content\">\n        <span class=\"context-pattern-label\">Pattern Detected<\/span><\/p>\n<p class=\"context-pattern-text\">Recent company-specific news, including strategic updates and regulatory items, has often led to price moves aligned with the apparent tone of the announcements.<\/p>\n<\/p><\/div><\/div>\n<div class=\"context-history-recap\">\n<div class=\"context-history-recap-content\">\n        <span class=\"context-history-recap-label\">Recent Company History<\/span><\/p>\n<p class=\"context-history-recap-text\">Over recent months, Allied Gaming &amp; Entertainment has combined strategic transformation messaging with notable regulatory and governance events. On <b>April 15<\/b>, it outlined an AI and token-focused transformation and resolved disputes with Knighted, coinciding with a strong positive move. Follow-on updates on strategic progress, M&amp;A pricing floors, and shareholder value principles around <b>April 16\u201320<\/b> also saw generally aligned price reactions. Conversely, later disclosures about delayed 10-K filing and elevated short-selling concerns on <b>April 21<\/b> corresponded with share price weakness. Today\u2019s major-holder no-sale intent sits against this backdrop of volatility and governance focus.<\/p>\n<\/p><\/div><\/div><\/div>\n<\/div>\n<p><!-- Historical Comparison (Tag-specific) --><\/p>\n<p><!-- Regulatory & Risk Context (only show if has actual data) --><\/p>\n<p><!-- Market Pulse Summary (Narrative) - Dynamic based on actual market reaction --><\/p>\n<div class=\"context-card\" data-card=\"market-pulse\">\n<div class=\"context-card-body\">\n<p class=\"context-narrative-text\">&#13;<br \/>\n      This announcement highlights a major shareholder\u2019s non-binding intent not to sell or transfer shares through <b>December 31, 2026<\/b>, signaling alignment with the company\u2019s long-term plans. The commitment follows a series of strategic updates, litigation resolutions, and a Nasdaq deficiency notice regarding a delayed Form 10-K. Investors may track whether this support coincides with progress on AI and token initiatives, M&amp;A execution, and timely financial reporting, given AGAE\u2019s history of losses and prior volatility.&#13;\n    <\/p>\n<\/p><\/div>\n<\/div>\n<p><!-- Key Terms in This Article --><\/p>\n<div class=\"context-card\" data-card=\"key-terms\">\n<div class=\"context-card-body\">\n<div class=\"context-terms-grid\">\n<details class=\"context-term-accordion\" id=\"term-lock-up-agreement\">&#13;<\/p>\n<summary class=\"context-term-summary\">&#13;<br \/>\n          <span class=\"context-term-name\">lock-up agreement<\/span>&#13;<br \/>\n          &#13;<br \/>\n          <span class=\"context-term-category context-term-cat-financial\">financial<\/span>&#13;<br \/>\n          &#13;<br \/>\n        <\/summary>\n<p>&#13;<\/p>\n<div class=\"context-term-content\">\n<p>&#8220;are non-binding statements of present intent only, are not subject to any written lock-up agreement&#8221;<\/p>\n<p>A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders\u2019 confidence or lack thereof.<\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n      <\/details>\n<\/p><\/div><\/div>\n<\/div>\n<p><!-- Jargon Translator (Glossary) - Accordion (fallback if no article_terms) --><\/p>\n<p><!-- AI-Generated Content Disclaimer --><\/p>\n<p class=\"context-ai-disclaimer\">AI-generated analysis. Not financial advice.<\/p>\n<\/p><\/div><\/div>\n<\/div>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n  &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    <time datetime=\"2026-04-27T10:00:00.000Z\" data-tz-format=\"date-time-full\" class=\"fst-italic pb-1\">&#13;<br \/>\n      04\/27\/2026 &#8211; 06:00 AM&#13;<br \/>\n    <\/time>&#13;<br \/>\n&#13;<\/p>\n<p>NEW YORK, April  27, 2026  (GLOBE NEWSWIRE) &#8212; Allied Gaming &amp; Entertainment Inc. (NASDAQ: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.stocktitan.net\/overview\/AGAE\/\" title=\"View AGAE stock overview\" class=\"symbol-link\">AGAE<\/a>, \u201cAllied\u201d or the \u201cCompany\u201d) today announced that its major shareholder, Primo, has made non-binding commitments not to transfer or sell any of their Company shares held by them from the date of this announcement through December 31, 2026, to demonstrate their continued support for the Company. The Company believes that this commitment reflects the alignment of its major shareholder, Board of Directors, and management team in the Company\u2019s long-term value, strategic direction, and future growth potential, and demonstrates their commitment to grow alongside the Company and all shareholders.<\/p>\n<p>Cautionary Note Regarding Non-Binding Intent<\/p>\n<p>The commitments described in this press release are non-binding statements of present intent only, are not subject to any written lock-up agreement, and the Company can give no assurance that any of the covered persons will not sell or otherwise transfer Company shares prior to December 31, 2026.<\/p>\n<p><strong>About Allied Gaming &amp; Entertainment Inc.<\/strong><\/p>\n<p>Allied Gaming &amp; Entertainment Inc. (NASDAQ: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.stocktitan.net\/overview\/AGAE\/\" title=\"View AGAE stock overview\" class=\"symbol-link\">AGAE<\/a>) 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.<\/p>\n<p><strong>Forward-Looking Statements<\/strong><\/p>\n<p>This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involves risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including \u2018believes,\u2019 \u2018estimates,\u2019 \u2018anticipates,\u2019 \u2018expects,\u2019 \u2018plans,\u2019 \u2018projects,\u2019 \u2018intends,\u2019 \u2018potential,\u2019 \u2018may,\u2019 \u2018could,\u2019 \u2018might,\u2019 \u2018will,\u2019 \u2018should,\u2019 \u2018approximately\u2019 or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. \u201cRisk Factors\u201d in our most recently filed Form 10-K filed with the Securities and Exchange Commission (\u201cSEC\u201d) and updated from time to time in our Form 10-Q filings and in our other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. We undertake no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.<\/p>\n<p><strong>Contact:<\/strong><\/p>\n<p>Investor relations: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/Tracker?data=KaqWmHZcPTAss80XWFBvlaBcFA-nokOHRihMY3eydAYA-ledDtBNiklMTkF4LJEqZE8O1ztB2Aq3tCQqiCZ3A3eX81KA6ty2QV4Lg0ocr0s=\" rel=\"nofollow noopener\" target=\"_blank\">ir@alliedgaming.gg<\/a>\u00a0<\/p>\n<p>  <br \/><img decoding=\"async\" loading=\"lazy\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YWJjNjQ1ZjUtYWQwYy00ZWQ3LWEwNGItNDU5M2U3ZTg4YmY5LTEzMjA4NzYtMjAyNi0wNC0yNy1lbg==\/tiny\/Allied-Gaming-Entertainment.png\" referrerpolicy=\"no-referrer-when-downgrade\"\/>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n      &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n  &#13;<\/p>\n<section id=\"faq-container\">&#13;<\/p>\n<p>&#13;<\/p>\n<h2 class=\"title\">FAQ<\/h2>\n<p>  &#13;\n  <\/p>\n<p>&#13;<br \/>\n  &#13;<br \/>\n  &#13;<\/p>\n<div class=\"faq-item mt-2\" id=\"faq-allied-gaming-entertainment-agae-announce-about-primos-shareholding-april-27-202\">\n<h3>What did Allied Gaming &amp; Entertainment (AGAE) announce about Primo&#8217;s shareholding on April 27, 2026?<\/h3>\n<p>&#13;<br \/>\n          Primo made a <b>non-binding no-sale commitment<\/b> through December 31, 2026. According to the company, the statement is present intent only, not a written lock-up, and provides no assurance shares will not be sold earlier.&#13;\n        <\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n  &#13;<\/p>\n<div class=\"faq-item mt-2\" id=\"faq-primos-commitment-create-legal-lock-up-agae-shares-through-december-31-2026\">\n<h3>Does Primo&#8217;s commitment create a legal lock-up for AGAE shares through December 31, 2026?<\/h3>\n<p>&#13;<br \/>\n          No, the commitment is <b>non-binding<\/b> and not a legal lock-up. According to the company, there is no written lock-up agreement and therefore no enforceable restriction on share transfers.&#13;\n        <\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n  &#13;<\/p>\n<div class=\"faq-item mt-2\" id=\"faq-how-investors-interpret-primos-no-sale-statement-agae-stock-through-2026\">\n<h3>How should investors interpret Primo&#8217;s no-sale statement for AGAE stock through 2026?<\/h3>\n<p>&#13;<br \/>\n          Interpret it as a statement of intent rather than a guarantee. According to the company, the commitment signals alignment but is non-binding and may not prevent earlier sales by covered persons.&#13;\n        <\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n  &#13;<\/p>\n<div class=\"faq-item mt-2\" id=\"faq-primos-non-binding-commitment-likely-affect-agaes-share-supply-before-december-3\">\n<h3>Will Primo&#8217;s non-binding commitment likely affect AGAE&#8217;s share supply before December 31, 2026?<\/h3>\n<p>&#13;<br \/>\n          The announcement signals a potential reduction in near-term selling pressure but is not guaranteed. According to the company, the commitment is non-binding and the firm cannot assure shares won&#8217;t be transferred earlier.&#13;\n        <\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n  &#13;<\/p>\n<div class=\"faq-item mt-2\" id=\"faq-allied-gaming-entertainment-agae-specify-any-enforcement-penalties-breaching-pri\">\n<h3>Did Allied Gaming &amp; Entertainment (AGAE) specify any enforcement or penalties for breaching Primo&#8217;s commitment?<\/h3>\n<p>&#13;<br \/>\n          No, the company did not specify enforcement or penalties for breaching the commitment. According to the company, the commitments are statements of present intent only and are not subject to any written lock-up agreement.&#13;\n        <\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n  &#13;<br \/>\n<\/section>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;\n  <\/p><\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source www.stocktitan.net \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; &#13; &#13; &#13; &#13; Allied Gaming &amp; Entertainment (NASDAQ: AGAE) said major shareholder Primo has made a non-binding commitment not to transfer or sell their shares from April 27, 2026 through December 31, 2026. The company noted there is no written lock-up and offered no assurance the shares will not be sold earlier. &#13; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2391116,"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":[345219,461923,23713,466380,466377,466379,463663,466378],"class_list":["post-2391115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-agae","tag-allied-gaming-entertainment","tag-gaming","tag-lock-up","tag-major-shareholder","tag-non-binding-pledge","tag-primo","tag-share-sale-commitment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/04\/Allied-Gaming-Primo-no-sale-pledge-is-non-binding.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2391115","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=2391115"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2391115\/revisions"}],"predecessor-version":[{"id":2391117,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2391115\/revisions\/2391117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2391116"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2391115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2391115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2391115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}