Allied Gaming & Entertainment Faces Delisting Notice

Ticker: AGAE · Form: 8-K · Filed: Jan 28, 2025 · CIK: 1708341

Sentiment: bearish

Topics: delisting, listing-rules, regulatory

TL;DR

Allied Gaming & Entertainment is on the chopping block for delisting.

AI Summary

Allied Gaming & Entertainment Inc. filed an 8-K on January 28, 2025, reporting a notice of delisting or failure to satisfy continued listing rules. The earliest event reported was on January 22, 2025. The company was formerly known as Allied Esports Entertainment, Inc. and Black Ridge Acquisition Corp.

Why It Matters

This filing indicates potential delisting from a stock exchange, which could significantly impact the company's stock liquidity and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.

Key Players & Entities

FAQ

What specific listing rule or standard has Allied Gaming & Entertainment Inc. failed to satisfy?

The filing does not specify the exact rule or standard that has not been met, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.

What is the earliest date of the event reported in this 8-K filing?

The earliest event reported is dated January 22, 2025.

When was this 8-K form filed with the SEC?

The form was filed on January 28, 2025.

What were the previous names of Allied Gaming & Entertainment Inc.?

The company was formerly known as Allied Esports Entertainment, Inc. and Black Ridge Acquisition Corp.

What is the principal executive office address for Allied Gaming & Entertainment Inc.?

The principal executive offices are located at 745 Fifth Avenue, Suite 500, New York, New York 10151.

Filing Stats: 580 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2025-01-28 16:06:05

Key Financial Figures

Filing Documents

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On January 22, 2025, Allied Gaming & Entertainment Inc. (the "Company") received a deficiency letter from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market ("Nasdaq") notifying the Company that, for the preceding 30 consecutive business days, the closing bid price for the Company's common stock, par value $0.0001 per share (the "Common Stock") was below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Requirement"). The notification received has no immediate effect on the Company's Nasdaq listing. In accordance with Nasdaq rules, the Company has been provided an initial period of 180 calendar days, or until July 21, 2025 (the "Compliance Date"), to regain compliance with the Bid Price Requirement. If, at any time before the Compliance Date, the closing bid price for the Common Stock is at least $1.00 for a minimum of 10 consecutive business days, the Staff will provide the Company written confirmation of compliance with the Bid Price Requirement. The Company intends to monitor the closing bid price of the Common Stock and may, if appropriate, consider available options to regain compliance with the Bid Price Requirement. 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. ALLIED GAMING & ENTERTAINMENT, INC. Date: January 28, 2025 By: /s/ Roy Anderson Roy Anderson Chief Financial Officer

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