Allied Gaming records $3M pre-tax expense from Knighted proxy fight; Q2 results pending

Allied Gaming & Entertainment Inc.

One-time pre-tax expense of ~$3M in Q2 2024 from litigation and costs related to Knighted's activist campaign.
Knighted nominated three directors and seeks removal of three others; AGAE calls claims 'without merit'.
Company says Knighted attempting control without paying a control premium; litigation forcing unnecessary costs.
AGAE plans to report Q2 2024 results soon; no specific date or financial figures provided yet.
CEO reaffirms commitment to grow company and maximize shareholder value despite disruption.

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