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    Allied Gaming & Entertainment Announces Third Quarter 2024 Financial Results

    11/14/24 4:05:00 PM ET
    $AGAE
    Services-Misc. Amusement & Recreation
    Consumer Discretionary
    Get the next $AGAE alert in real time by email

    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 visible progress on both the top and bottom lines of our company."

    Third Quarter 2024 Financial Results

    Revenues: Total revenues of $2.2 million increased 93% compared to $1.1 million in the third quarter of 2023. The year-over-year increase was primarily attributable to a $0.2 million increase in In-person event revenues at our HyperX arena and an $0.8 million increase in casual mobile gaming revenues following the Company's strategic investment in Z-Tech in the fourth quarter of 2023.

    Total costs and expenses for the third quarter were $3.3 million, an increase from $1.8 million in the prior-year period. The increase in costs and expenses were also primarily driven by our investment in Z-Tech along with an Employee Retention Credit that was received and recorded as a reduction of payroll tax expense in the prior year period. These increases were partially offset by a D&O insurance reimbursement and professional fees related to prior year M&A activities.

    Net loss for the third quarter of 2024 was $4.0 million compared to net income of $0.1 million in the prior year period. The change was primarily the result of a settlement agreement and release with BPR Cumulus LLC ("BPR") under which $3.0 million held on AGAE's balance sheet as restricted cash was returned to BPR, as well as net unrealized foreign currency transaction losses of $1.2 million based on fluctuations in exchange rates between the dates the transactions were initiated and September 30, 2024. Almost all of the net unrealized foreign currency transaction loss was reversed in October 2024.

    Adjusted EBITDA loss was $0.1 million for the third quarter of 2024 compared to a loss of $1.4 million in the prior quarter and a loss of $0.3 million in the third quarter of 2023. A reconciliation of the GAAP-basis net income (loss) to adjusted EBITDA is provided in the table at the end of this press release.

    Balance Sheet

    As of September 30, 2024, the Company had a cash and short-term investments position of $80.2 million, compared to $78.6 million at December 31, 2023. At September 30, 2024, the Company had a working capital position of $62.8 million compared to $66.4 million at December 31, 2023. As of September 30, 2024, the Company had approximately 38.1 million shares of outstanding common stock.

    Operational Update

    HyperX Arena hosted 61 event days in the third quarter of 2024, with 34 proprietary event days and 27 third-party event days. Third-party events were highlighted by Netflix's Chestnut vs. Kobayashi: Unfinished Beef, Epic's HackerOne Live Hacking Event, The Global Gaming League's Inaugural Event, Charlotte Hornets' team outing, Southern Glazer's' Launch Party and Esports with Air Force. Our mobile arena, the Omen Truck, has had its most active quarter since 2023, hosting a multi-stop event series for the Rally Cry Championship Tour, celebrating the highly anticipated return of EA College Football 2025.

    Corporate Developments

    Subsequent to the end of the quarter, the Company announced a strategic investment by Yellow River Global Capital, an alternative private equity manager with deep expertise in large-scale, long-term investments in digital technologies, new media and entertainment. This partnership will further enhance AGAE's ability to identify growth opportunities in location-based entertainment chains and the creation and acquisition of entertainment content intellectual property, and the Company is working actively with Yellow River to pursue and negotiate several potentially accretive opportunities.

    Third Quarter 2024 Conference Call

    The Company will host a conference call today at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its third quarter 2024 financial results. 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 ir.alliedgaming.gg. Additionally, financial information presented on the call will be available on Allied Gaming & Entertainment's Investor Relations site. For those unable to participate in the conference call, a telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. Eastern Time on Thursday, November 28, 2024, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (International) and using the replay passcode:13749398.

    About Allied Gaming & Entertainment

    Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) is a global experiential entertainment company focused on providing a growing world of gamers and concertgoers with unique experiences through renowned assets, products and services. For more information, visit alliedgaming.gg.

    Non-GAAP Financial Measures

    As a supplement to our financial measures presented in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company presents certain non-GAAP measures of financial performance. These non-GAAP financial measures are not intended to be considered in isolation from, as a substitute for, or as more important than, the financial information prepared and presented in accordance with GAAP. In addition, these non-GAAP measures have limitations in that they do not reflect all of the items associated with the company's results of operations as determined in accordance with GAAP. Non-GAAP financial measures are not an alternative to the Company's GAAP financial results and may not be calculated in the same manner as similar measures presented by other companies.

    The Company provides net income (loss) and earnings (loss) per share in accordance with GAAP. In addition, the Company provides EBITDA (defined as GAAP net income (loss) from continuing operations before interest (income) expense, income taxes, depreciation, and amortization). The Company defines "Adjusted EBITDA" as EBITDA excluding certain non-cash, non-recurring, and unusual items, such as stock-based compensation, non-recurring legal fees, repayments of restricted cash, and unrealized foreign currency transactions.

    In the future, the Company may also consider whether other items should also be excluded in calculating the non-GAAP financial measures used by the Company. Management believes that the presentation of these non-GAAP financial measures provides investors with additional useful information to measure the Company's financial and operating performance. In particular, these measures facilitate comparison of our operating performance between periods and help investors to better understand the operating results of the Company by excluding certain items that may not be indicative of the Company's core business, operating results, or future outlook. Additionally, we consider quantitative and qualitative factors in assessing whether to adjust for the impact of items that may be significant or that could affect an understanding of our ongoing financial and business performance or trends. Internally, management uses these non-GAAP financial measures, along with others, in assessing the Company's operating results, measuring compliance with any applicable requirements of the Company's debt financing agreements in place at such time, as well as in planning and forecasting.

    The Company's non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles, and our non-GAAP definitions of the "EBITDA" and "Adjusted EBITDA" do not have a standardized meaning. Therefore, other companies may use the same or similarly named measures, but include or exclude different items, which may not provide investors a comparable view of the Company's performance in relation to other companies.

    Management compensates for the limitations resulting from the exclusion of these items by considering the impact of the items separately and by considering the Company's GAAP, as well as non-GAAP, financial results and outlook, and by presenting the most comparable GAAP measures directly ahead of non-GAAP measures, and by providing a reconciliation that indicates and describes the adjustments made.

    Forward-Looking Statements

    This communication contains certain forward-looking statements under federal securities laws. Forward-looking statements includes, but are not limited to, statements relating to strategic investment by Yellow River, potential growth opportunities and other statements regarding our goals, beliefs, strategies, objectives, plans, product and service developments, future financial conditions, results or projections or current expectations. 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 are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our control, that could cause actual results or outcomes to differ materially from those discussed in these forward-looking statements. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Important factors, among others, that may affect actual results or outcomes include: risks associated with the future direction or governance of the Company; our ability to execute on our strategic and business plans; the substantial uncertainties inherent in the acceptance of existing and future products and services; the ability to retain key personnel; current and potential litigation and related legal expenses; general economic and market conditions impacting demand for our services; our inability to enter into one or more future acquisition or strategic transactions; and our ability, or a decision not to pursue strategic options for the esports business. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. The business and operations of AGAE are subject to substantial risks, which increase the uncertainty inherent in the forward-looking statements contained in this communication. Except as required by law, we undertake no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Further information on potential factors that could affect our business and results is described under "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the U.S. Securities and Exchange Commission (the "SEC") on March 28, 2024, as amended by the Form 10-K/A filed with the SEC on April 29, 2024, as well as subsequent reports we file with the SEC. Readers are also urged to carefully review and consider the various disclosures we made in such Annual Report on Form 10-K and in subsequent reports with the SEC.

     

    Allied Gaming & Entertainment, Inc. and Subsidiaries

    Condensed Consolidated Balance Sheets

     
    September 30, December 31,

     

    2024

     

     

    2023

     

    (unaudited)
    Assets
    Current Assets
    Cash and cash equivalents

    $

    10,992,235

     

    $

    16,320,583

     

    Short-term investments

     

    66,739,322

     

     

    56,500,000

     

    Interest receivable

     

    2,432,372

     

     

    792,223

     

    Accounts receivable

     

    297,025

     

     

    529,369

     

    Insurance recovery receivable

     

    3,700,000

     

     

    -

     

    Loans receivable

     

    14,429,317

     

     

    -

     

    Deposits, current portion

     

    3,700,000

     

     

    3,700,000

     

    Prepaid expenses and other current assets

     

    515,430

     

     

    498,886

     

    Total Current Assets

     

    102,805,701

     

     

    78,341,061

     

    Restricted cash

     

    -

     

     

    5,000,000

     

    Property and equipment, net

     

    3,189,350

     

     

    3,834,193

     

    Digital assets

     

    49,300

     

     

    49,300

     

    Intangible assets, net

     

    5,875,048

     

     

    6,254,731

     

    Deposits, non-current portion

     

    376,324

     

     

    392,668

     

    Operating lease right-of-use asset

     

    4,668,461

     

     

    5,415,678

     

    Goodwill

     

    12,863,072

     

     

    12,729,056

     

    Total Assets

    $

    129,827,256

     

    $

    112,016,687

     

    Liabilities and Stockholders' Equity
    Current Liabilities
    Accounts payable

    $

    365,509

     

    $

    371,830

     

    Accrued expenses and other current liabilities

     

    453,901

     

     

    763,512

     

    Deferred revenue

     

    413,238

     

     

    103,748

     

    Operating lease liability, current portion

     

    1,550,004

     

     

    1,482,977

     

    Loans payable

     

    37,256,831

     

     

    9,230,168

     

    Total Current Liabilities

     

    40,039,483

     

     

    11,952,235

     

    Deferred rent

     

    -

     

     

    -

     

    Accrued expenses, non-current portion

     

    -

     

     

    -

     

     
    Operating lease liability, non-current portion

     

    4,443,362

     

     

    5,560,251

     

    Deferred tax liability

     

    774,839

     

     

    1,096,160

     

    Total Liabilities

     

    45,257,684

     

     

    18,608,646

     

    Commitments and Contingencies (Note 9)
    Stockholders' Equity
    Preferred stock, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding

     

    -

     

     

    -

     

    Series A Preferred stock, $0.0001 par value, 50,000 shares designated, none issued and outstanding

     

    -

     

     

    -

     

    Common stock, $0.0001 par value; 100,000,000 shares authorized, 40,385,798 and 39,085,470 shares issued at September 30, 2024 and December 31, 2023, and 38,106,014 and 36,805,686 shares outstanding at September 30, 2024 and December 31, 2023, respectively

     

    4,039

     

     

    3,909

     

    Additional paid in capital

     

    199,401,299

     

     

    198,677,132

     

    Accumulated deficit

     

    (123,201,338

    )

     

    (113,671,029

    )

    Accumulated other comprehensive income

     

    504,914

     

     

    433,565

     

    Treasury stock, at cost, 2,279,784 shares at June 30, 2024 and December 31, 2023

     

    (2,693,653

    )

     

    (2,693,653

    )

    Total Allied Gaming & Entertainment Inc. Stockholders' Equity

     

    74,015,261

     

     

    82,749,924

     

    Non-controlling interest

     

    10,554,311

     

     

    10,658,117

     

    Total Stockholders' Equity

     

    84,569,572

     

     

    93,408,041

     

    Total Liabilities and Stockholders' Equity

    $

    129,827,256

     

    $

    112,016,687

     

     
     
    The accompanying notes are an integral part of these condensed consolidated financial statements.
     

    Allied Gaming & Entertainment, Inc. and Subsidiaries

    Condensed Consolidated Statements of Operations

    (unaudited)

     
    For the Three Months Ended For the Nine Months Ended
    September 30, September 30,

     

    2024

     

     

    2023

     

     

    2024

     

     

    2023

     

     
    Revenues:
    In-person

    $

    1,345,484

     

    $

    1,119,865

     

    $

    3,518,044

     

    $

    3,580,968

     

    Multiplatform content

     

    71

     

     

    94

     

     

    182

     

     

    2,000,518

     

    Casual mobile gaming

     

    817,986

     

     

    -

     

     

    3,664,244

     

     

    -

     

    Total Revenues

     

    2,163,541

     

     

    1,119,959

     

     

    7,182,470

     

     

    5,581,486

     

    Costs and Expenses:
    In-person (exclusive of depreciation and amortization)

     

    682,652

     

     

    575,176

     

     

    1,820,818

     

     

    1,891,229

     

    Multiplatform content (exclusive of depreciation and amortization)

     

    -

     

     

    -

     

     

    -

     

     

    1,517,707

     

    Casual mobile gaming (exclusive of depreciation and amortization)

     

    700,918

     

     

    -

     

     

    3,198,988

     

     

    -

     

    Research and development expenses

     

    158,162

     

     

    -

     

     

    526,906

     

     

    -

     

    Selling and marketing expenses

     

    90,512

     

     

    51,448

     

     

    198,561

     

     

    172,987

     

    General and administrative expenses

     

    1,310,418

     

     

    894,181

     

     

    9,401,900

     

     

    5,660,553

     

    Depreciation and amortization

     

    401,452

     

     

    239,413

     

     

    1,181,620

     

     

    1,030,191

     

    Total Costs and Expenses

     

    3,344,114

     

     

    1,760,218

     

     

    16,328,793

     

     

    10,272,667

     

    Loss From Operations

     

    (1,180,573

    )

     

    (640,259

    )

     

    (9,146,323

    )

     

    (4,691,181

    )

    Other Income (Expense):
    Other income (expense), net

     

    (827

    )

     

    (388

    )

     

    414

     

     

    15,954

     

    Loss on escrow settlement

     

    (3,000,000

    )

     

    -

     

     

    (3,000,000

    )

     

    -

     

    Loss on foreign currency transactions

     

    (1,213,446

    )

     

    -

     

     

    (862,012

    )

     

    -

     

    Interest income, net

     

    1,033,362

     

     

    715,893

     

     

    2,934,035

     

     

    2,165,468

     

    Pre-Tax Net Loss

     

    (4,361,484

    )

     

    75,246

     

     

    (10,073,886

    )

     

    (2,509,759

    )

    Income tax benefit

     

    332,862

     

     

    -

     

     

    332,862

     

     

    -

     

    Net (Loss) Income

     

    (4,028,622

    )

     

    75,246

     

     

    (9,741,024

    )

     

    (2,585,005

    )

    Less: net loss attributable to non-controlling interest

     

    (681

    )

     

    -

     

     

    (210,715

    )

     

    -

     

    Net (Loss) Income Attributable to Common Stockholders

    $

    (4,027,941

    )

    $

    75,246

     

    $

    (9,530,309

    )

    $

    (2,585,005

    )

     
    Net Loss per Common Share
    Basic

    $

    (0.11

    )

    $

    0.00

     

    $

    (0.24

    )

    $

    (0.07

    )

    Diluted

    $

    (0.11

    )

    $

    0.00

     

    $

    (0.24

    )

    $

    (0.07

    )

     
    Weighted Average Number of Common Shares Outstanding:
    Basic

     

    37,253,520

     

     

    36,942,149

     

     

    39,765,239

     

     

    37,351,735

     

    Diluted

     

    37,253,520

     

     

    37,134,457

     

     

    39,765,239

     

     

    37,351,735

     

     
     
    The accompanying notes are an integral part of these condensed consolidated financial statements.

    Allied Gaming & Entertainment, Inc. and Subsidiaries

    Non-GAAP Financial Measures

    EBITDA and Adjusted EBITDA are non-GAAP financial measures and should not be considered as a substitute for net income (loss), operating income (loss) or any other performance measure derived in accordance with United States generally accepted accounting principles ("GAAP") or as an alternative to net cash provided by operating activities as a measure of AGAE's profitability or liquidity. AGAE's management believes EBITDA and Adjusted EBITDA are useful because they allow external users of its financial statements, such as industry analysts, investors, lenders and rating agencies, to more effectively evaluate its operating performance, compare the results of its operations from period to period and against AGAE's peers without regard to AGAE's financing methods, hedging positions or capital structure and because it highlights trends in AGAE's business that may not otherwise be apparent when relying solely on GAAP measures. AGAE presents EBITDA and Adjusted EBITDA because it believes EBITDA and Adjusted EBITDA are important supplemental measures of its performance that are frequently used by others in evaluating companies in its industry. Because EBITDA and Adjusted EBITDA exclude some, but not all, items that affect net income (loss) and may vary among companies, the EBITDA and Adjusted EBITDA AGAE presents may not be comparable to similarly titled measures of other companies. AGAE defines EBITDA as earnings before interest, income taxes, depreciation and amortization of intangibles. AGAE defines Adjusted EBITDA as EBITDA excluding stock-based compensation and non-recurring, infrequent or unusual items.

    The following table presents a reconciliation of EBITDA and Adjusted EBITDA from net loss, AGAE's most directly comparable financial measure calculated and presented in accordance with GAAP.

    Three Months Ended

    September 30,
    Nine Months Ended

    September 30,
     

     

    2024

     

     

    2023

     

     

    2024

     

     

    2023

     

    Net (loss) income

    $

    (4,028,622

    )

    $

    75,246

     

    $

    (9,741,024

    )

    $

    (2,585,005

    )

    Interest income, net

     

    (1,033,362

    )

     

    (715,893

    )

     

    (2,934,035

    )

     

    (2,165,468

    )

    Depreciation and amortization

     

    401,452

     

     

    239,413

     

     

    1,181,620

     

     

    1,030,191

     

    EBITDA

     

    (4,660,532

    )

     

    (401,234

    )

     

    (11,493,439

    )

     

    (3,720,282

    )

    Non-recurring legal fees (1)

     

    102,854

     

     

    -

     

     

    2,161,605

     

     

    -

     

    Loss on foreign currency (2)

     

    1,213,446

     

     

    -

     

     

    862,012

     

     

    -

     

    Loss on settlement of Brookfield agreement (3)

     

    3,000,000

     

     

    -

     

     

    3,000,000

     

     

    -

     

    Stock compensation

     

    229,731

     

     

    64,623

     

     

    903,639

     

     

    136,605

     

    Adjusted EBITDA

    $

    (114,501

    )

    $

    (336,611

    )

    $

    (4,566,183

    )

    $

    (3,583,677

    )

    Footnotes

    (1) Represents defense costs related to a shareholder complaint filed in the Court of Chancery of the State of Delaware on March 7, 2024.

    (2) Driven by fluctuations in exchange rates between the dates certain twelve-month loans denominated in a foreign currency were initiated and September 30, 2024.

    (3) Represents a payment from an escrow account established in January 2020.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241114320028/en/

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      Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) ("AGAE" or the "Company"), a global experiential entertainment company, is thrilled to announce the launch of RythmX x Strawberry Music Festival, a first-of-its-kind co-branded music festival in partnership with Beijing Modern Sky Cultural Development Co. and Macau Elite Fun Entertainment Co. The festival will take place in October 2025 at Macau's newly established 50,000-capacity outdoor music venue, marking a milestone for large-scale live entertainment in the region. The three-day event will feature an exclusive pre-night concert followed by two full days of electrifying performances from top international and Asian artists, bringing an

      2/20/25 9:00:00 AM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary

    $AGAE
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    • Chief Executive Officer Chen Yinghua covered exercise/tax liability with 81,799 shares, decreasing direct ownership by 7% to 1,023,075 units (SEC Form 4)

      4 - Allied Gaming & Entertainment Inc. (0001708341) (Issuer)

      3/12/25 6:55:37 AM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • Chief Financial Officer Anderson Roy Lawrence covered exercise/tax liability with 2,595 shares, decreasing direct ownership by 10% to 22,609 units (SEC Form 4)

      4 - Allied Gaming & Entertainment Inc. (0001708341) (Issuer)

      3/10/25 4:42:12 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • New insider Blue Planet New Energy Technology Ltd claimed ownership of 6,000,000 shares (SEC Form 3)

      3 - Allied Gaming & Entertainment Inc. (0001708341) (Issuer)

      11/14/24 4:15:12 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary

    $AGAE
    Financials

    Live finance-specific insights

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    • Allied Gaming & Entertainment Announces Third Quarter 2024 Financial Results

      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

      11/14/24 4:05:00 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • Allied Gaming & Entertainment to Report Third Quarter 2024 Results on Thursday, November 14th

      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

      11/12/24 9:00:00 AM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • Allied Gaming & Entertainment Announces Second Quarter 2024 Financial Results

      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

      8/19/24 4:05:00 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary

    $AGAE
    Insider purchases explained

    Analytical look into recent insider purchases

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    • Investment Alert: Stock Acquired at Allied Gaming & Entertainment Inc. on Jul 4

      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

      7/4/24 9:02:21 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary

    $AGAE
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • Amendment: SEC Form SC 13D/A filed by Allied Gaming & Entertainment Inc.

      SC 13D/A - Allied Gaming & Entertainment Inc. (0001708341) (Subject)

      12/11/24 2:35:54 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Allied Gaming & Entertainment Inc.

      SC 13D/A - Allied Gaming & Entertainment Inc. (0001708341) (Subject)

      11/14/24 7:05:14 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • SEC Form SC 13D filed by Allied Gaming & Entertainment Inc.

      SC 13D - Allied Gaming & Entertainment Inc. (0001708341) (Subject)

      11/8/24 4:30:40 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary

    $AGAE
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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    • Large owner Choi Roy bought $307,613 worth of shares (208,331 units at $1.48), increasing direct ownership by 7% to 3,080,153 units (SEC Form 4)

      4 - Allied Gaming & Entertainment Inc. (0001708341) (Issuer)

      7/11/24 9:39:06 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • 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)

      4 - Allied Gaming & Entertainment Inc. (0001708341) (Issuer)

      7/3/24 9:48:44 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • Large owner Choi Roy bought $778,160 worth of shares (608,000 units at $1.28), increasing direct ownership by 32% to 2,511,822 units (SEC Form 4)

      4 - Allied Gaming & Entertainment Inc. (0001708341) (Issuer)

      6/28/24 9:08:15 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary

    $AGAE
    SEC Filings

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    • Allied Gaming & Entertainment Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Allied Gaming & Entertainment Inc. (0001708341) (Filer)

      5/29/25 4:31:47 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • Allied Gaming & Entertainment Inc. filed SEC Form 8-K: Other Events

      8-K - Allied Gaming & Entertainment Inc. (0001708341) (Filer)

      5/23/25 4:06:25 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary
    • SEC Form NT 10-Q filed by Allied Gaming & Entertainment Inc.

      NT 10-Q - Allied Gaming & Entertainment Inc. (0001708341) (Filer)

      5/15/25 4:06:22 PM ET
      $AGAE
      Services-Misc. Amusement & Recreation
      Consumer Discretionary