Ourgame International Holdings Ltd Amends Stake in Allied Gaming
Ticker: AGAE · Form: SC 13D/A · Filed: Dec 11, 2024 · CIK: 1708341
Sentiment: neutral
Topics: schedule-13d, amendment, ownership-change
TL;DR
Ourgame International Holdings Ltd just filed an amendment on their Allied Gaming stake. Big changes coming?
AI Summary
On December 11, 2024, Ourgame International Holdings Ltd filed an amendment (No. 2) to its Schedule 13D regarding Allied Gaming & Entertainment Inc. This filing indicates a change in beneficial ownership, with Ourgame International Holdings Ltd now holding a significant stake in the company. The filing does not specify the exact number of shares or the total dollar amount involved in this change.
Why It Matters
This amendment signals a potential shift in control or influence for Allied Gaming & Entertainment Inc., which could impact its strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a major shareholder's position, which can lead to increased volatility and uncertainty for the stock.
Key Players & Entities
- Ourgame International Holdings Ltd (company) — Filing entity
- Allied Gaming & Entertainment Inc. (company) — Subject company
- LU JINGSHENG (person) — Group member
- PRIMO VITAL LTD (company) — Group member
FAQ
What is the specific percentage of Allied Gaming & Entertainment Inc. shares now beneficially owned by Ourgame International Holdings Ltd?
The filing does not explicitly state the exact percentage of shares beneficially owned by Ourgame International Holdings Ltd in this amendment.
What was the date of the previous filing that this amendment (No. 2) supersedes?
The filing does not specify the date of the previous filing that this amendment supersedes.
What is the primary business of Allied Gaming & Entertainment Inc.?
Allied Gaming & Entertainment Inc. is in the Services-Amusement & Recreation Services industry, with SIC code 7900.
What were the former names of Allied Gaming & Entertainment Inc.?
Allied Gaming & Entertainment Inc. was formerly known as Allied Esports Entertainment, Inc. (name change on 20190815) and Black Ridge Acquisition Corp. (name change on 20170602).
What is the business address of Ourgame International Holdings Ltd?
The business address for Ourgame International Holdings Ltd is Tower B Fairmont, No. 1 Bldg 17 Floor, 33# Community, Guangshun North St., Beijing, F4, 100102.
Filing Stats: 978 words · 4 min read · ~3 pages · Grade level 15 · Accepted 2024-12-11 14:35:54
Key Financial Figures
- $0.0001 — INC. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securitie
Filing Documents
- tm2430778d1_sc13da.htm (SC 13D/A) — 44KB
- 0001104659-24-127590.txt ( ) — 46KB
Purpose of Transaction
Item 4. Purpose of Transaction.
is hereby amended to add the following
Item 4 is hereby amended to add the following: Ourgame has performed an assessment together with its legal advisers, accounting advisers and auditors, and based on the related events relating to the Issuer and its shareholders, Ourgame will not consolidate the financial position of the Issuer and the results since 1 January 2023. Following the deconsolidation of the Issuer, the Issuer will be accounted for as interest in associate in the consolidated
financial statements of Ourgame under equity method
financial statements of Ourgame under equity method. Ourgame will protect its legitimate interests in the Issuer on a best endeavour basis. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: December 11, 2024 PRIMO VITAL LIMITED By: /s/ Lu Jingsheng Lu Jingsheng Sole Director OURGAME INTERNATIONAL HOLDINGS LIMITED By: /s/ Lu Jingsheng Lu Jingsheng Chief Executive Officer /s/ Lu Jingsheng Lu Jingsheng