secwatch.observer — SEC 8-K summary
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Issuer:     Allied Gaming & Entertainment Inc. (AGAE)
CIK:        0001708341
Form:       8-K
Filed at:   2021-07-12T23:59:59+00:00
Accession:  0001213900-21-036524
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708341/000121390021036524/0001213900-21-036524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708341/000121390021036524/ea144014-8k_allied.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-036524

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer