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Allied Esports Entertainment Announces Extension to File Form 10-K

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Allied Esports Entertainment (NASDAQ: AESE) announced its intention to file a Form 12b-25, extending the deadline to file its Annual Report on Form 10-K for the fiscal year ending December 31, 2021, until April 15, 2022. The Chief Financial Officer, Roy Anderson, cited additional time required to complete the audit as the reason for the delay. Consequently, the company is postponing its earnings conference call originally set for March 30, 2022, with updated details to follow.

Positive
  • Extension of deadline gives the company more time to ensure accuracy in financial reporting.
Negative
  • Delay in filing Form 10-K raises concerns about financial reporting timeliness and transparency.
  • Postponed conference call may lead to uncertainty among investors awaiting performance insights.

The Company also announces postponement of previously scheduled earnings conference call

IRVINE, Calif.--(BUSINESS WIRE)-- Allied Esports Entertainment, Inc. (NASDAQ: AESE) (the “Company”), a global esports entertainment company, today announced that the Company intends to file with the U.S. Securities and Exchange Commission a Form 12b-25 to extend until April 15, 2022 the due date for filing the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021.

Commenting on today’s announcement, Roy Anderson, the Company’s Chief Financial Officer, noted, “Despite our efforts, we will not be able to complete the work required to file the 2021 Form 10-K by the original deadline of March 31, 2022 due to additional time required to complete the audit. We fully expect to file the 2021 Form 10-K on or before the April 15, 2022 deadline.”

In conjunction with the announcement, the Company is also postponing its conference call to discuss its fourth quarter and full year 2021 results, previously scheduled for Wednesday, March 30, 2022. Updated conference call details will be provided in a subsequent announcement.

About Allied Esports Entertainment

Allied Esports Entertainment (NASDAQ: AESE) is a global esports entertainment venture dedicated to providing transformative live experiences, multiplatform content and interactive services to audiences worldwide. For more information, visit alliedesports.gg.

Investor Contact:

Lasse Glassen

Addo Investor Relations

lglassen@addo.com

424-238-6249

Media Contact:

Brian Fisher

Allied Esports Entertainment

brian@alliedesports.com

Source: Allied Esports Entertainment, Inc.

FAQ

What is the new filing deadline for Allied Esports Entertainment's Form 10-K?

The new filing deadline is April 15, 2022.

Why did Allied Esports Entertainment postpone its earnings conference call?

The earnings conference call was postponed due to the delay in filing the Form 10-K.

What fiscal year does the Form 10-K for Allied Esports Entertainment cover?

It covers the fiscal year ending December 31, 2021.

What is the reason for the delay in filing the Form 10-K by Allied Esports Entertainment?

The delay is due to additional time required to complete the audit.

When was the earnings conference call for Allied Esports Entertainment originally scheduled?

It was originally scheduled for March 30, 2022.

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