STOCK TITAN

All In FutureTech (AGAE) faces Nasdaq noncompliance but files 2025 10-K

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

All In FutureTech Alliance, Inc. reported that Nasdaq has notified the company it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it missed the May 15, 2026 due date for its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and remains delinquent on its Form 10-K for the year ended December 31, 2025. The letter serves as an additional basis for potential delisting from Nasdaq but has no immediate effect on trading of the company’s common stock. The company states that its 2025 Form 10-K has now been completed, filed and released, and that the March 31, 2026 Form 10-Q is in preparation as it works to regain compliance while pursuing a broader strategic transformation toward AI-focused digital infrastructure.

Positive

  • Completion and filing of 2025 Form 10-K – The company reports that its Annual Report on Form 10-K for the year ended December 31, 2025 has been completed, filed and released, an important step toward regaining reporting compliance.
  • Resolution of major litigation disputes – Management states that major litigation disputes that impeded development over the past two years are completely resolved, which can reduce legal overhang and allow focus on operations and strategy.

Negative

  • Nasdaq noncompliance and delisting risk – Nasdaq notified the company it is not in compliance with Listing Rule 5250(c)(1) due to untimely 10-K and 10-Q filings, providing an additional basis for potential delisting from the Nasdaq Stock Market.
  • Ongoing filing delinquency for March 31, 2026 Form 10-Q – The company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 was not filed by the May 15, 2026 due date and remains in preparation, signaling continuing reporting delays.

Insights

Nasdaq noncompliance raises listing risk, partly offset by 10-K filing and strategic reset.

All In FutureTech Alliance has been notified by Nasdaq that late filings for its Form 10-K and March 31, 2026 Form 10-Q violate Nasdaq Listing Rule 5250(c)(1), creating an additional basis for delisting. The notice currently does not affect trading, but it introduces clear listing risk.

The company reports that its 2025 Form 10-K has now been completed, filed and released, and that the March 31, 2026 Form 10-Q is being prepared as it works to regain compliance. Management also highlights that major litigation disputes have been fully resolved, which it views as removing historical obstacles.

Strategically, the company emphasizes a transformation toward an AI-powered fiber-optic infrastructure platform and AI application ecosystem, framed as its long-term operating focus. The actual impact will depend on successful completion of remaining filings, the outcome of the Nasdaq Hearings Panel process, and execution of the described AI-centric initiatives.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Missed Form 10-Q due date May 15, 2026 Due date for Form 10-Q for quarter ended March 31, 2026
Quarter covered by delinquent 10-Q Quarter ended March 31, 2026 Period for the untimely Form 10-Q
Fiscal year for delinquent 10-K Year ended December 31, 2025 Period for the late but now filed Form 10-K
Nasdaq listing rule cited Listing Rule 5250(c)(1) Timely filing requirement for continued listing
Nasdaq Listing Rule 5250(c)(1) regulatory
"not in compliance with the timely filing requirement set forth in Nasdaq Listing Rule 5250(c)(1)"
Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.
Nasdaq Hearings Panel regulatory
"The Company will continue to communicate with the Nasdaq Hearings Panel and formally include these developments"
A Nasdaq hearings panel is a group of experts that reviews cases when a company's stock listing is at risk of being removed from the exchange. They evaluate whether the company has met certain standards and determine if it can keep trading on Nasdaq. This process matters to investors because it can affect a company's ability to raise money and maintain credibility in the market.
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure. On May 21, 2026, the Company issued a press release"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of U.S. federal securities laws"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
strategic transformation financial
"All In FutureTech Alliance Inc. is growth-oriented company undergoing a strategic transformation"
A strategic transformation is a planned, company-wide change in how a business operates, competes, or makes money—such as shifting products, reorganizing teams, adopting new technology, or entering new markets. For investors it matters because these shifts aim to improve long-term growth or profitability but carry risks and costs up front; think of it like remodeling a house to increase its value—potentially higher returns, but with disruption and uncertainty during the work.
AI-powered fiber-optic infrastructure platform technical
"to build an innovative operating company driven by two core engines: an “AI-powered fiber-optic infrastructure platform”"
A network platform that combines physical fiber-optic cables — the high-speed glass threads that carry internet and data — with artificial intelligence software that monitors, controls and optimizes how the network runs. For investors, it matters because AI can make the network more efficient, reliable and cheaper to operate, potentially increasing capacity and revenue while lowering maintenance costs, much like a smart thermostat that reduces bills and boosts comfort.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): May 19, 2026

 

 

 

All In FutureTech Alliance, Inc.

 

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-38226   82-1659427
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

745 Fifth Avenue, Suite 500

New York, New York 10151

(Address of principal executive offices, including zip code)

 

(646) 768-4240

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.0001 per share   AGAE   NASDAQ

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

On May 19, 2026, All In FutureTech Alliance, Inc. (formerly known as Allied Gaming & Entertainment Inc., the “Company”) received a deficiency letter (the “Letter”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is not in compliance with the periodic requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) because the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (the “Form 10-Q”) was not filed with the Securities and Exchange Commission by the required due date of May 15, 2026, and because the Company remains delinquent in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The Letter provides that the failure to timely file the Form 10-Q serves as an additional basis for delisting the Company’s securities from The Nasdaq Stock Market. This Letter received from Nasdaq has no immediate effect on the listing or trading of the Company’s common stock.

 

The Company is working diligently to regain compliance with Nasdaq’s listing rules.

 

Item 7.01 Regulation FD Disclosure.

 

On May 21, 2026, the Company issued a press release in accordance with Nasdaq Listing Rule 5810(b) announcing that the Company had received the Letter. A copy of the press release is attached hereto as Exhibit 99.1.

 

The information in Item 7.01 of this Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

Forward-Looking Statements

 

This Form 8-K contains certain forward-looking statements under federal securities laws. 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 that may affect actual results include, among others, risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on May 22, 2026, and in subsequent filings with the SEC. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press release dated May 21, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ALL IN FUTURETECH ALLIANCE, INC.
     
Date: May 21, 2026 By: /s/ Roy Anderson
    Roy Anderson
    Chief Financial Officer

 

2

Exhibit 99.1

 

AIFA Provides Update on Nasdaq Notice and Filing of Annual Report, Clearing Key Pathways for Strategic Transformation

 

New York, NY — May 21, 2026 — All In FutureTech Alliance, Inc. (Nasdaq: AGAE) (the “Company” or “AIFA”) today provided an update regarding the previously received notice from the Listing Qualifications Department of The Nasdaq Stock Market.

 

On May 19, 2026, the Company received a notice letter from Nasdaq (the “Notice Letter”) stating that, because the Company had not yet filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, and had not yet completed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company was not in compliance with the timely filing requirement set forth in Nasdaq Listing Rule 5250(c)(1) and therefore subject to delisting from Nasdaq Stock Market.

 

The Company hereby informs all investors that the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 has been completed, filed and released today. In addition, the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 is currently in preparation, and the Company is working diligently to regain compliance with Nasdaq’s lising rules.

 

The Company will continue to communicate with the Nasdaq Hearings Panel and formally include these developments in the existing hearing process. The Notice Letter has no immediate effect on the listing or trading of the Companys common stock.

 

Chairman and Chief Executive Officer James Li stated:

 

“With the complete resolution of the major litigation disputes that had impeded the Company’s development over the past two years, and the filing and release of the Company’s 2025 Annual Report today, we are very pleased to deliver a clear message to the market tonight: AIFA has cleared the historical obstacles that previously constrained the Company’s development. From this point forward, the Company will move ahead with a leaner and stronger foundation, fully advance its subsequent restructuring initiatives, pursue a transformative repositioning, and accelerate the execution of its established strategic transformation plan — to build an innovative operating company driven by two core engines: an ‘AI-powered fiber-optic infrastructure platform’ and an ‘AI application ecosystem.’ The Company expects to continue advancing toward the full realization of this strategic objective in the near future.”

 

About All In FutureTech Alliance Inc. (AIFA

 

All In FutureTech Alliance Inc. (Nasdaq: AGAE), formerly known as Allied Gaming & Entertainment Inc, is growth-oriented company undergoing a strategic transformation from a global experiential entertainment business into an AI-focused digital infrastructure platform. The Company is pursuing opportunities in artificial intelligence infrastructure, silicon photonics-enabled compute, cross-border fiber-optical network transmission, digital infrastructure services, and technology-enabled growth initiatives. Through its proposed AIFA strategic platform, AIFA aims to build an integrated ecosystem combining AI compute capacity, fiber-optic network infrastructure, AI education and AI applications to support long-term value creation. For more information, please visit: https://ir.alliedgaming.gg/.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements regarding the proposed transaction, expected benefits, strategic transformation, and future growth opportunities. These statements are inherently uncertain and difficult to predict, are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially.

 

Such risks include, but are not limited to, the Company’s ability to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 within the required timeframe, the outcome of the Nasdaq Hearings Panel process, and the Company’s ability to execute its strategic initiatives, as well as other risks described in the Company’s filings with the U.S. Securities and Exchange Commission.

 

The Company undertakes no obligation to update forward-looking statements except as required by law.

 

Contact:

 

Investor Relations: ir@alliedgaming.gg

 

FAQ

Why did All In FutureTech Alliance (AGAE) receive a Nasdaq deficiency notice?

Nasdaq notified All In FutureTech Alliance that it is not in compliance with Listing Rule 5250(c)(1) because the company missed the May 15, 2026 due date for its March 31, 2026 Form 10-Q and remained delinquent on its Form 10-K for the year ended December 31, 2025.

Does the Nasdaq notice immediately affect trading in AGAE common stock?

The company states the Nasdaq notice has no immediate effect on the listing or trading of its common stock. The letter adds another basis for potential delisting, but current trading on Nasdaq continues while the company works to regain compliance.

Has All In FutureTech Alliance filed its 2025 Form 10-K with the SEC?

Yes. The company reports that its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 has been completed, filed and released. Management views this as a key step in addressing its reporting deficiencies and supporting its broader strategic plans.

What is the status of AGAE’s Form 10-Q for the quarter ended March 31, 2026?

The Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 was not filed by the May 15, 2026 deadline. The company indicates this Form 10-Q is currently in preparation as it works diligently to regain compliance with Nasdaq’s listing rules.

How is All In FutureTech Alliance changing its business strategy?

The company describes a strategic transformation from a global experiential entertainment business into an AI-focused digital infrastructure platform, targeting AI-powered fiber-optic infrastructure, silicon photonics-enabled compute, cross-border network transmission, and an AI application ecosystem to support long-term value creation.

What litigation developments does AGAE highlight in this update?

Management states that major litigation disputes that had impeded the company’s development over the past two years have been completely resolved. They present this resolution as clearing historical obstacles and enabling a leaner, stronger foundation for their strategic transformation.

Filing Exhibits & Attachments

4 documents