Recently, on July 4, 2024, a significant insider purchase was recorded at Allied Gaming & Entertainment Inc. as Large owner Choi Roy bought $456,750 worth of shares (360,000 units at $1.27), increasing direct ownership by 14% to 2,871,822 units (SEC Form 4). This purchase is notable for the size of the transaction and the percentage increase in direct ownership, indicating a strong belief in the company's future prospects. Insider purchases are generally viewed positively by investors as they signal confidence from those with intimate knowledge of the company's operations. Examining other recent insider transactions at Allied Gaming & Entertainment Inc., we notice a few patterns worth explo

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced financial results for the third quarter ended September 30, 2024. "It was a productive quarter at AGAE as we grew revenues by 93% year-over-year and continued to lay the foundation for our business to capitalize on the significant assets available to us," said Yinghua Chen, Chief Executive Officer of AGAE. "With our inaugural World Mahjong Tour events taking place starting next month, more new mobile games titles being developed and continued strong demand at HyperX Arena and our mobile arena, we are confident that we are right on the cusp of more visib

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company"), a global experiential entertainment company, today announced it will report its third quarter 2024 results after market close on Thursday, November 14th. The Company will also host a conference call that day to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET. Participants may join the conference call by dialing 1-877-407-0792 (United States) or 1-201-689-8263 (international). A live webcast of the conference call will also be available on Allied Gaming & Entertainment's Investor Relations site at https://ir.alliedgaming.gg/. Additionally, financial information presented on the call will be available on Allied Gaming & E

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced financial results for the second quarter ended June 30, 2024. "These are exciting times at Allied Gaming & Entertainment as our business is very well positioned with a number of growth catalysts in the near future," stated Yinghua Chen, Chief Executive Officer of AGAE. "We are particularly bullish on our most recent announcement, the formation of the World Mahjong Tour, which will utilize the highly successful and sustainable business model of World Poker Tour to bring Mahjong to enthusiasts around the world. We look forward to our opening season, with

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company"), a global experiential entertainment company, today announced it will report its second quarter 2024 results after market close on Monday, August 19th. The Company will also host a conference call that day to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET. Participants may join the conference call by dialing 1-800-225-9448 (United States) or 1-203-518-9708 (international) and providing the conference ID "Allied". A live webcast of the conference call will also be available on Allied Gaming & Entertainment's Investor Relations site at http://ir.alliedesportsent.com. Additionally, financial information presented on the ca

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, announced today the following updates: Knighted Pastures LLC ("Knighted"), led by Roy Choi, is attempting to acquire control of AGAE without paying a control premium or constructively engaging with AGAE's Board of Directors. Specifically, Knighted has nominated three individuals to AGAE's Board for election at the Company's 2024 Annual Meeting of Stockholders and is also purporting to attempt to remove for cause an additional three directors at the annual meeting, which the Company views as entirely without merit and detrimental to the interest of our stockholders. To

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced financial results for the first quarter ended March 31, 2024. "After building momentum throughout 2023, we've had a strong start to the year," stated Yinghua Chen, Chief Executive Officer of AGAE. "Along with the exciting events we have confirmed for the second quarter, we have a strong pipeline of opportunities in front of us, both locally and abroad throughout 2024. In addition, Z-Tech is trending well for the remainder of the year as we look to further capitalize on the massive and growing market of gaming & entertainment." First Quarter 2024 Finan

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company"), a global experiential entertainment company, today announced it will report its fourth quarter and full year 2023 results after market close on Wednesday, March 27th. The Company will also host a conference call that day to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET. Participants may join the conference call by dialing 1-877-407-0792 (United States) or 1-201-689-8263 (international). A live webcast of the conference call will also be available on Allied Gaming & Entertainment's Investor Relations site at http://ir.alliedesportsent.com. Additionally, financial information presented on the call will be available on A

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE), a global experimental entertainment company, today announced that its Board of Directors has unanimously approved the adoption of a limited-duration shareholder rights plan ("Rights Plan") under which shareholders will receive rights to purchase a new series of preferred stock in certain circumstances. The Company issued the following statement: In accordance with its fiduciary duties, our Board of Directors is firmly committed to taking actions that are in the best interest of all of the Company's shareholders. In that regard, our Board is focused on providing a growing audience of gamers with unique experiences through renowned assets

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced financial results for the third quarter ended September 30, 2023. "We continue to make strides towards our strategic goals, achieving positive net income driven by a significant reduction in general and administrative expenses. Our commitment to growing within the esports, gaming, and entertainment sectors remains unwavering," stated Yinghua Chen, Chief Executive Officer of the Company. "We are also excited to announce the closing of our strategic investment in Beijing Lianzhong Zhihe Technology Co. ("Zhihe"), which positions us as the largest sharehold

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) (the "Company"), a global experiential entertainment company, today announced it will report its third quarter 2023 results after market close on Thursday, November 9, 2023. The Company will also host a conference call that day to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET. Participants may join the conference call by dialing 1-833-816-1413 (United States) or 1-412-317-0505 (international). A live webcast of the conference call will also be available on Allied Gaming & Entertainment's Investor Relations site at ir.alliedgaming.gg. Additionally, financial information presented on the call will be available on Allied Gaming & Entertai

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, announced today the postponement of its 2024 Annual Meeting of Stockholders ("Annual Meeting"), originally scheduled for December 30, 2024, due to the previously disclosed lawsuit filed by Knighted Pastures LLC ("Knighted") against the Company which prevents the Annual Meeting from being held prior to its conclusion. The Company believes that the lawsuit is yet another attempt by Knighted and its Managing Partner, Roy Choi, to pursue their scheme to gain control of the Company at a discounted price below the Company's cash value to further their own short-term interests,

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, was alerted earlier this week of a derivative lawsuit filed by Knighted Pastures, LLC ("Knighted"), against the Company's directors and certain third parties alleging breach of fiduciary duty in connection with approving the recent strategic investment with Yellow River. AGAE's directors believe the lawsuit is without merit and plan to vigorously defend against the allegations within it. AGAE issued the following statement: This lawsuit is yet another attempt by Knighted and its Managing Partner, Roy Choi, to continue their scheme to gain control of the Company at a d

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced financial results for the third quarter ended September 30, 2024. "It was a productive quarter at AGAE as we grew revenues by 93% year-over-year and continued to lay the foundation for our business to capitalize on the significant assets available to us," said Yinghua Chen, Chief Executive Officer of AGAE. "With our inaugural World Mahjong Tour events taking place starting next month, more new mobile games titles being developed and continued strong demand at HyperX Arena and our mobile arena, we are confident that we are right on the cusp of more visib

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company"), a global experiential entertainment company, today announced it will report its third quarter 2024 results after market close on Thursday, November 14th. The Company will also host a conference call that day to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET. Participants may join the conference call by dialing 1-877-407-0792 (United States) or 1-201-689-8263 (international). A live webcast of the conference call will also be available on Allied Gaming & Entertainment's Investor Relations site at https://ir.alliedgaming.gg/. Additionally, financial information presented on the call will be available on Allied Gaming & E

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced a strategic investment by Yellow River Global Capital ("Yellow River"), an alternative private equity manager with deep expertise in large-scale, long-term investments in digital technologies, new media and entertainment. In addition to the financial investment, Yellow River will provide AGAE with strategic resources, networking opportunities, and industry expertise that will be extremely valuable as the Company advances its strategic initiatives forward. "We are very excited to close this investment from Yellow River, who has expertise across a variety

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, acknowledges recent Schedule 13D filings made by Ourgame International Holdings Limited, a stockholder of the Company ("Ourgame") and Knighted Pastures LLC, a stockholder of the Company. In its filing, Ourgame disclosed a letter recently sent to the Company demanding the Company to permit Ourgame to acquire additional shares and to amend its Bylaws to meet certain purported obligations under a merger agreement executed in 2018. While AGAE's Board of Directors respects the rights of stockholders to make requests and take actions in order to protect their interests, Ourgam

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, acknowledges a recent filing by Ourgame International Holdings Limited, one of AGAE's shareholders, which also references a legal letter that Ourgame sent to AGAE's Board of Directors. In the filing and letter, Ourgame expressed opposition to certain actions recently taken by AGAE's Board of Directors and management, citing concerns over the impact on their interests as a shareholder. The Company respects and values the opinions of all its shareholders and remains committed to engaging with them in an open and constructive manner. While AGAE is actively responding to th

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced financial results for the second quarter ended June 30, 2024. "These are exciting times at Allied Gaming & Entertainment as our business is very well positioned with a number of growth catalysts in the near future," stated Yinghua Chen, Chief Executive Officer of AGAE. "We are particularly bullish on our most recent announcement, the formation of the World Mahjong Tour, which will utilize the highly successful and sustainable business model of World Poker Tour to bring Mahjong to enthusiasts around the world. We look forward to our opening season, with

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, is excited to announce the launch of the World Mahjong Tour ("WMT"), a groundbreaking series of events that will bring the timeless game of Mahjong to a global stage. The inaugural WMT Premier event finale is scheduled to take place in the Spring of 2025 at AGAE's world-renowned HyperX Arena in Las Vegas. "After extensive work behind the scenes, we are thrilled to unveil the World Mahjong Tour," said Yinghua Chen, CEO of AGAE. "We will share additional details on the tour in the near future, comprising a robust schedule of events culminating with the world championship

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company"), a global experiential entertainment company, today announced it will report its second quarter 2024 results after market close on Monday, August 19th. The Company will also host a conference call that day to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET. Participants may join the conference call by dialing 1-800-225-9448 (United States) or 1-203-518-9708 (international) and providing the conference ID "Allied". A live webcast of the conference call will also be available on Allied Gaming & Entertainment's Investor Relations site at http://ir.alliedesportsent.com. Additionally, financial information presented on the ca