---
schema_version: "secwatch.filing_event.v1"
accession: "0000929638-23-003580"
form_type: "8-K"
ticker: "AGAE"
cik: "0001708341"
company_name: "Allied Gaming & Entertainment Inc."
filed_at: "2023-12-29T23:59:59+00:00"
generated_at: "2026-06-07T05:56:47.308190+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Allied Gaming & Entertainment gets $6.6M strategic investment; regains Nasdaq compliance

## Summary
- Elite Fun Entertainment buys 7,330,000 shares at $0.90/share for total $6.597M.
- Parties agree to negotiate collaboration for organizing live shows and events in Asia.
- Elite Fun has partnerships with Tencent and Douyin; will assist with show promotion and ticketing.
- Nasdaq confirmed AGAE regained compliance with $1.00 minimum bid price requirement; matter closed.
- The purchased shares represent less than 20% of total outstanding shares.

## SEC filing metadata
- accession: 0000929638-23-003580
- form_type: 8-K
- ticker: AGAE
- cik: 0001708341
- company_name: Allied Gaming & Entertainment Inc.
- filed_at: 2023-12-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1708341/000092963823003580/0000929638-23-003580-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1708341/000092963823003580/a8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929638-23-003580
- JSON: https://secwatch.observer/filing/0000929638-23-003580.json
- Plain text: https://secwatch.observer/filing/0000929638-23-003580.txt

## Key facts
- Material Agreements
  Allied Gaming & Entertainment Inc. entered into Share Purchase Agreement with Elite Fun Entertainment Co., Ltd. valued at $6,597,000 (effective 2023-12-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Elite Fun Entertainment Co., Ltd.
  - Value: $6,597,000
  - Effective: 2023-12-28
  source text: On December 28, 2023, Allied Gaming & Entertainment, Inc. (the “Company”) entered into a Share Purchase Agreement (the “Purchase Agreement”) with Elite Fun Entertainment Co., Ltd. (the “Purchaser”), pursuant to which the Purchaser agreed to purchase 7,330,000 shares of common stock of the Company, par value $0.0001 per share (the “Common Stock”) at a purchase price of $0.90 per share (the “Purchased Shares”) for a total purchase price of $6,597,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1708341/000092963823003580/0000929638-23-003580-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.