Allied Gaming terminates 2020 share purchase agreement; escrow funds split $3M to investor, $2M to company

Allied Gaming & Entertainment Inc.

Settlement with BPR Cumulus LLC (Brookfield affiliate) ends all obligations under 2020 Share Purchase Agreement.
Escrow of $5M released: $3M returned to investor, $2M paid to Allied Gaming.
Original plan to develop esports venues in Brookfield malls abandoned due to COVID-19 pandemic changes.

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