Allied Gaming & Entertainment, Inc. (AGAE) announced the postponement of its 2024 Annual Meeting of Stockholders, which was originally scheduled for December 30, 2024. The postponement is a direct result of a previously disclosed lawsuit filed by Knighted Pastures LLC against the company.
The company stated that the lawsuit prevents the Annual Meeting from being held prior to its conclusion, in accordance with a litigation schedule order. AGAE believes this lawsuit is another attempt by Knighted and its Managing Partner, Roy Choi, to gain control of the company at a discounted price.
As a consequence of the pending lawsuit, AGAE must reschedule its Annual Meeting and all related deadlines until after the legal matter is resolved. The company is currently unable to determine the exact date for the rescheduled meeting, creating uncertainty regarding its corporate governance calendar.
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