Allied Esports Entertainment Adjourns Annual Stockholder Meeting
Allied Esports Entertainment, Inc. (NASDAQ: AESE) announced the adjournment of its Annual Meeting of Shareholders on October 14, 2021, due to the absence of a quorum. The meeting will be reconvened at a later date to be determined by the Board of Directors, allowing more time to solicit proxies for quorum requirements. A press release will follow to announce the new date and time.
- The Company plans to reconvene the Annual Meeting to engage shareholders.
- The Annual Meeting was adjourned without conducting any business due to a lack of quorum, indicating potential shareholder disengagement.
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Forward Looking Statements
This communication contains certain forward-looking statements under federal securities laws. Forward-looking statements may include our statements regarding our goals, beliefs, strategies, objectives, plans, including 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” 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. Important factors, among others, that may affect actual results or outcomes include: the ability to meet Nasdaq’s continued listing standards; our ability to execute on our business plan; the ability to retain key personnel; potential litigation; general economic and market conditions impacting demand for our services; a change in our plans to retain the net cash proceeds from the WPT sale transaction; our inability to enter into one or more future acquisition or strategic transactions using the net proceeds from the WPT sale transaction; and 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 AESE 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 is described under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20211014006082/en/
Investor Contact:
Addo Investor Relations
lglassen@addo.com
424-238-6249
Media Contact:
brian@alliedesports.com
Source:
FAQ
Why was the AESE Annual Meeting adjourned on October 14, 2021?
When will the rescheduled AESE Annual Meeting take place?
What is the significance of AESE not having a quorum at their Annual Meeting?
What does a lack of quorum indicate for AESE shareholders?
