---
schema_version: "secwatch.filing_event.v1"
accession: "0000929638-24-002244"
form_type: "8-K"
ticker: "AGAE"
cik: "0001708341"
company_name: "Allied Gaming & Entertainment Inc."
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T02:53:20.149359+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Allied Gaming terminates Elite Fun share purchase deal; pays $2M, forgives $4.6M

## Summary
- Company pays Elite Fun $2M cash and forgives $4.597M remaining purchase price in exchange for return of all previously issued shares.
- Elite Fun transferred back 7,330,000 shares; parties will negotiate a strategic partnership for China/Asia gaming operations.
- Bylaws amended to require majority (instead of two-thirds) stockholder vote for future bylaw changes.
- Board waives poison pill to allow Knighted Pastures LLC and Roy Choi to acquire shares up to Ourgame's ownership level.
- Board grants Knighted Pastures extra 30 days to submit shareholder proposals for 2024 Annual Meeting.

## SEC filing metadata
- accession: 0000929638-24-002244
- form_type: 8-K
- ticker: AGAE
- cik: 0001708341
- company_name: Allied Gaming & Entertainment Inc.
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1708341/000092963824002244/0000929638-24-002244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1708341/000092963824002244/a8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929638-24-002244
- JSON: https://secwatch.observer/filing/0000929638-24-002244.json
- Plain text: https://secwatch.observer/filing/0000929638-24-002244.txt

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