Allied Gaming & Entertainment Urges Stockholders to Take Warning Towards Deceptive and Factually Incorrect Statements Issued by Knighted Pastures Relating to ISS Report
ISS Recommends Withhold Votes on Five of Six Board Candidates Proposed by Knighted Pastures
NEW YORK, July 26, 2025–(BUSINESS WIRE)–Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) (the “Company”, “AGAE” or “Allied”), a world experiential leisure firm, introduced immediately {that a} main unbiased proxy advisory agency, Institutional Shareholder Services Inc. (“ISS”), has advisable withhold votes on 5 of the six director candidates that Knighted Pastures, LLC (“Knighted” or the “dissident”) has proposed at AGAE’s upcoming mixed 2024/2025 Annual Meeting on August 4, 2025. The Company additionally urges stockholders to take warning in opposition to counting on statements made by Knighted in its press launch on the ISS suggestion.
Of specific word, Knighted’s declare that ISS advisable stockholders to vote for the election of Knighted’s Class B director candidates to the Company’s Board of Directors is factually incorrect. In truth, ISS advisable that stockholders vote for only one of Knighted’s candidates, Roy Choi. Allied has beforehand supplied Roy Choi a Board seat in an try and settle the proxy contest and associated litigation however Mr. Choi has refused this provide.
In addition, ISS advisable stockholders vote in opposition to Knighted’s proposal to take away Mr. Yangyang Li, AGAE’s Chairman of the Board, CEO and President, from the Company’s Board of Directors. ISS additionally advisable stockholders assist AGAE’s candidate Roy Anderson.
Additional findings from the ISS report that AGAE stockholders ought to take into account embrace:(1)
The Allied Gaming Board of Directors has been and stays dedicated to appearing in the most effective pursuits of all stockholders and unanimously recommends that stockholders vote “FOR” all six of AGAE’s director nominees standing for election – Jingsheng (Jason) Lu, Guanzhou (Jerry) Qin, Mao Sun, Roy Anderson, Yushi Guo and Chi Zhao – on the WHITE proxy card immediately.
PROTECT YOUR INVESTMENT IN ALLIED GAMING. REJECT ROY CHOI AND HIS NOMINEES BY VOTING THE WHITE PROXY CARD TODAY “FOR” ALL SIX OF ALLIED GAMING’S NOMINEES, AND “WITHHOLD” ON THE THREE KNIGHTED NOMINEES
WE URGE YOU NOT TO SIGN OR RETURN ANY PROXY CARD OR VOTING INSTRUCTION FORM THAT MAY BE SENT TO YOU BY KNIGHTED.
If you might have any questions or want help in voting your WHITE proxy card, we encourage you to name our proxy advisers, MacKenzie Partners, Inc., Toll-Free at (800) 322-2885 or (212) 929-5500 or by e-mail at [email protected]
Remember, you might be able to vote your shares by phone, web, and QR code voting could also be accessible. Please seek advice from your proxy card/voting instruction type for particulars.
If you might have any questions or want help in voting your shares, please contact our proxy solicitor:
MacKenzie Partners, Inc.
7 Penn Plaza, #503 New York, New York 10001 (212) 929-5500 (Call Collect) or Call Toll-Free (800) 322-2885 Email: [email protected]
Advisors
Paul Hastings LLP is serving as authorized counsel, MacKenzie Partners, Inc. is serving as proxy solicitor and ADDO IR is serving as strategic communications advisor to AGAE.
About Allied Gaming & Entertainment
Allied Gaming & Entertainment Inc. (Nasdaq: AGAE) is a world experiential leisure firm centered on offering a rising world of players and concertgoers with distinctive experiences by way of famend property, services. For extra info, go to alliedgaming.gg.
Forward Looking Statements
This press launch accommodates sure forward-looking statements underneath federal securities legal guidelines. Forward-looking statements might embrace our statements concerning our targets, beliefs, methods, goals, plans, together with product and repair developments, future monetary situations, outcomes or projections or present expectations. In some circumstances, you’ll be able to determine forward-looking statements by terminology reminiscent of “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “intend” or “continue,” the damaging of such phrases, or different comparable terminology. Specific forward-looking statements embrace, however should not restricted to, statements concerning our capability to execute on strategic and enterprise plans and drive stockholder worth, our projections on Allied Gaming’s future monetary efficiency and expense construction and our beliefs on the influence of Knighted director nominations and different actions of Knighted on the efficiency of the Company. These statements are topic to recognized and unknown dangers, uncertainties, assumptions and different components, a lot of that are outdoors our management, that will trigger precise outcomes to be materially completely different from these contemplated by the forward-looking statements. The inclusion of such info shouldn’t be thought to be a illustration by us, or any individual, that the goals of Allied Gaming might be achieved. Important components, amongst others, that will have an effect on precise outcomes or outcomes embrace: dangers related to our technique, future route or governance; the substantial uncertainties inherent within the acceptance of current and future services; dangers related to our capability to retain key personnel; dangers associated to our frequent inventory and the itemizing of our frequent inventory on the Nasdaq Capital Market; dangers related to mental property; uncertainty round present and potential litigation and associated authorized bills; and basic financial, political and market situations and occasions. You ought to take into account the areas of danger described in reference to any forward-looking statements that could be made herein and different danger components mentioned once in a while in our filings with the U.S. Securities and Exchange Commission (the “SEC”), together with these components mentioned underneath the caption “Risk Factors” in our most up-to-date annual report on Form 10-Okay, filed with the SEC on June 9, 2025, in addition to subsequent studies filed with the SEC. Readers are additionally urged to fastidiously assessment and take into account the assorted disclosures we made in such Annual Report on Form 10-Okay and in subsequent studies with the SEC. We assume no obligation and don’t intend to replace these forward-looking statements, besides as required by legislation, to mirror occasions or circumstances occurring after immediately’s date.
(1)
Permission to cite ISS was neither sought nor obtained. Emphases added.
