Allied Esports completes sale of World Poker Tour to Element Partners for ~$106M

Allied Gaming & Entertainment Inc.

Sale closed July 12, 2021; purchase price $106.2M, including ~$3.8M to discharge debt.
Adam Pliska resigned as President but remains a director; CFO and CEO also received retention payments.
CEO Frank Ng received $120,000; CFO Tony Hung $414,750; departing President Pliska $649,231 plus $419,327 change-in-control.
Company now focuses on esports business (Allied Esports) with cash proceeds from the sale.

item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Adam Pliska

President

AGAE · Allied Gaming & Entertainment Inc.

Effective: 2021-07-12
Filed: July 12, 2021, 7:59 PM ET

Adam Pliska resigned as the Company's President

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Pliska resigned as President at Allied Gaming & Entertainment Inc..

Action: resigned
Role: President

Exact text from the filing

Adam Pliska resigned as the Company's President

View on SEC.gov

Allied Gaming & Entertainment Inc. filing history →

Source: SEC EDGAR

accession 0001213900-21-036524

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