---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-036524"
form_type: "8-K"
ticker: "AGAE"
cik: "0001708341"
company_name: "Allied Gaming & Entertainment Inc."
filed_at: "2021-07-12T23:59:59+00:00"
generated_at: "2026-06-30T06:07:28.011981+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-21-036524
- form_type: 8-K
- ticker: AGAE
- cik: 0001708341
- company_name: Allied Gaming & Entertainment Inc.
- filed_at: 2021-07-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1708341/000121390021036524/0001213900-21-036524-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1708341/000121390021036524/ea144014-8k_allied.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-036524
- JSON: https://secwatch.observer/filing/0001213900-21-036524.json
- Plain text: https://secwatch.observer/filing/0001213900-21-036524.txt

## Key facts
- Executive change
  Adam Pliska resigned as President at Allied Gaming & Entertainment Inc..
  - Action: resigned
  - Role: President
  source text: Adam Pliska resigned as the Company's President
  evidence_url: https://www.sec.gov/Archives/edgar/data/1708341/000121390021036524/0001213900-21-036524-index.htm

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