Allied Gaming & Entertainment confirmed receipt of a purported notice from Knighted Pastures, LLC of its intent to nominate individuals for election to the company’s board of directors at the combined 2024-2025 annual meeting. The company stated it strongly disagrees with Knighted’s assertions, calling their campaign self-serving and aimed at seizing control without offering a premium to shareholders. Allied Gaming & Entertainment noted Knighted initiated two lawsuits against the company, which it believes harmed shareholder value and damaged strategic partner relationships.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGAE: