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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGAE:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue