Allied Gaming settles litigation with Knighted for ~$5.94M paid over 3 months; CEO Li personally guarantees payment

Allied Gaming & Entertainment Inc.

Payment of $5,936,738 fee award to Knighted in three installments: $1M by May 7, $2M by June 30, $2.937M by July 31, 2026.
Interest at 8.75% p.a. from April 8, 2026; late payment interest at 10% compounded daily; CEO Li and company jointly and severally guarantee.
Federal litigation against Knighted dismissed with prejudice; mutual non-disparagement and standstill for two years.
Upon full payment, mutual general releases; Knighted pays its own negotiation costs; no admission of liability.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Allied Gaming & Entertainment Inc. entered into Term Sheet for Global Resolution with Knighted Pastures, LLC and Roy Choi valued at $5,936,738.36 (effective 2026-04-10).

Action: entry
Agreement: settlement
Counterparty: Knighted Pastures, LLC and Roy Choi
Value: $5,936,738.36
Effective: 2026-04-10

Exact text from the filing

On April 10, 2026, Allied Gaming & Entertainment Inc. (the “Company”) and Yangyang Li, its Chief Executive Officer and Chairman, in his personal capacity (“Mr. Li”, and together with the Company, the “Allied Parties”) entered into a binding Term Sheet for Global Resolution (the “Term Sheet”) with Knighted Pastures, LLC (“Knighted”) and Roy Choi, in his personal capacity (“Mr. Choi”, and together with Knighted, the “Knighted Parties”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Allied Gaming & Entertainment Inc. entered into Guaranty with Knighted Pastures, LLC (effective 2026-04-10).

Action: entry
Counterparty: Knighted Pastures, LLC
Effective: 2026-04-10

Exact text from the filing

the Company and Mr. Li, as guarantors, entered into a Guaranty, dated as of April 10, 2026 (the “Guaranty”), pursuant to which the Company and Mr. Li jointly and severally guaranteed to Knighted the payment of the Fee Award, together with all accrued interest.

View on SEC.gov

Browse all material agreements →

Allied Gaming & Entertainment Inc. filing history →

Source: SEC EDGAR

accession 0001171843-26-002591

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.