Allied Gaming & Entertainment Acknowledges Public Filing Release by Company Shareholder
Allied Gaming & Entertainment (NASDAQ: AGAE) acknowledges a recent filing by shareholder Ourgame International Holdings , which includes a legal letter sent to AGAE's Board of Directors. Ourgame expresses opposition to certain actions taken by AGAE's Board and management, citing concerns over the impact on their interests as a shareholder.
AGAE respects shareholder opinions and is committed to open engagement. While actively responding to the letter's requests, AGAE disagrees with Ourgame's characterization of the Board's recent decisions. The company affirms that its Board has always acted, and will continue to act, in a manner that is transparent, fair, and consistent with its fiduciary duties, prioritizing the best interests of the Company and all shareholders.
Allied Gaming & Entertainment (NASDAQ: AGAE) riconosce un recente deposito da parte dell'azionista Ourgame International Holdings, che include una lettera legale inviata al Consiglio di Amministrazione di AGAE. Ourgame esprime opposizione a determinate azioni intraprese dal Consiglio di Amministrazione e dalla direzione di AGAE, citando preoccupazioni riguardo all'impatto sui propri interessi come azionista.
AGAE rispetta le opinioni degli azionisti ed è impegnata in un dialogo aperto. Pur rispondendo attivamente alle richieste contenute nella lettera, AGAE non condivide la caratterizzazione delle recenti decisioni del Consiglio da parte di Ourgame. L'azienda afferma che il suo Consiglio ha sempre agito, e continuerà ad agire, in modo trasparente, equo e in coerenza con i propri doveri fiduciari, dando priorità ai migliori interessi della Società e di tutti gli azionisti.
Allied Gaming & Entertainment (NASDAQ: AGAE) reconoce un reciente documento presentado por el accionista Ourgame International Holdings, que incluye una carta legal enviada a la Junta Directiva de AGAE. Ourgame expresa oposición a ciertas acciones tomadas por la Junta y la dirección de AGAE, citando preocupaciones sobre el impacto en sus intereses como accionista.
AGAE respeta las opiniones de los accionistas y está comprometida con un compromiso abierto. Si bien responde activamente a las solicitudes de la carta, AGAE no está de acuerdo con la caracterización que Ourgame hace de las decisiones recientes de la Junta. La empresa afirma que su Junta siempre ha actuado y seguirá actuando de manera transparente, justa y consistente con sus deberes fiduciarios, priorizando los mejores intereses de la compañía y de todos los accionistas.
Allied Gaming & Entertainment (NASDAQ: AGAE)는 주주 Ourgame International Holdings의 최근 제출을 인정하며, 이에는 AGAE의 이사회에 전달된 법적 서신이 포함되어 있습니다. Ourgame은 AGAE 이사회와 경영진이 취한 특정 조치에 반대하며, 주주로서의 이익에 미치는 영향에 대한 우려를 표명합니다.
AGAE는 주주의 의견을 존중하며 열린 소통에 전념하고 있습니다. 서신의 요청에 적극적으로 대응하는 한편, AGAE는 Ourgame의 최근 이사회의 결정에 대한 평가에 동의하지 않습니다. 회사는 이사회가 항상 투명하고 공정하며 신탁 의무에 부합하게 행동해 온 것을 확인하며, 회사와 모든 주주의 최선의 이익을 우선시 할 것이라고 주장합니다.
Allied Gaming & Entertainment (NASDAQ: AGAE) reconnaît un récent dépôt par l'actionnaire Ourgame International Holdings, qui comprend une lettre légale envoyée au conseil d'administration d'AGAE. Ourgame exprime son opposition à certaines actions entreprises par le conseil d'administration et la direction d'AGAE, invoquant des préoccupations quant à l'impact sur ses intérêts en tant qu'actionnaire.
AGAE respecte les opinions des actionnaires et est engagée dans un dialogue ouvert. Tout en répondant activement aux demandes de la lettre, AGAE n'est pas d'accord avec la caractérisation des décisions récentes du conseil par Ourgame. L'entreprise affirme que son conseil a toujours agi et continuera d'agir de manière transparente, équitable et conforme à ses devoirs fiduciaires, en donnant la priorité aux meilleurs intérêts de la société et de tous les actionnaires.
Allied Gaming & Entertainment (NASDAQ: AGAE) erkennt einen aktuellen Antrag des Aktionärs Ourgame International Holdings an, der ein rechtliches Schreiben an den Vorstand von AGAE enthält. Ourgame äußert Widerspruch gegen bestimmte Maßnahmen, die vom Vorstand und der Geschäftsführung von AGAE ergriffen wurden, und äußert Bedenken hinsichtlich der Auswirkungen auf ihre Interessen als Aktionär.
AGAE respektiert die Meinungen der Aktionäre und ist verpflichtet zu einem offenen Dialog. Während AGAE aktiv auf die Bitten im Schreiben reagiert, nicht mit der Charakterisierung der jüngsten Entscheidungen des Vorstands durch Ourgame übereinstimmt. Das Unternehmen betont, dass sein Vorstand stets in einer transparente, fairen und treuhänderischen Weise handelt und weiterhin handeln wird, wobei die besten Interessen des Unternehmens und aller Aktionäre Vorrang haben.
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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 the requests in the letter, it firmly disagrees with Ourgame’s characterization of the Board’s recent decisions.
AGAE’s Board of Directors has always acted, and will continue to act, in a manner which is transparent, fair, and consistent with its fiduciary duties and in the best interest of the Company and its shareholders as a whole, ensuring that Allied Gaming & Entertainment remains well-positioned for future success.
A link to the aforementioned filing is available here.
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.
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,” “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; potential litigation; 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 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240926487120/en/
Investor Contact:
Tyler Drew
Addo Investor Relations
ir@alliedgaming.gg
Source: Allied Gaming & Entertainment, Inc.
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