Allied Gaming & Entertainment收到纳斯达克关于程序延误的信函

2025-06-26 05:15

Allied Gaming & Entertainment (NASDAQ:AGAE) received a notice Nasdaq that it has initiated procedures to delist the company’s securities unless it requests an appeal, over its non-compliance to timely hold the annual meeting of its shareholders.
Additionally, the staff notified the company that its failure to timely file its Form 10-Q for the period ended March 31, 2025 serves as a separate and additional basis for delisting.
On June 25, 2025, the company submitted a hearing request and extended stay request, which will stay any delisting of the company’s common stock.
The delays were the consequence of actions taken by activist shareholder Knighted Pastures, led by Roy Choi, the company additionally said.
Over the past 18 months, Knighted has launched two lawsuits against the company, both of which demanded expedited judicial proceedings. These lawsuits required significant allocation of management’s time and legal resources, disrupted corporate operations, and materially delayed the company’s ability to finalize disclosures and organize its annual meeting on the originally scheduled timeline in 2024, it said.
AGAE’s combined 2024/2025 annual meeting of stockholders is now scheduled to take place on August 4, 2025.
Source: Press Release

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