AGAE postpones 2024 annual meeting due to Knighted lawsuit; expects Nasdaq non-compliance notice

Allied Gaming & Entertainment Inc.

Postponed 2024 annual meeting, originally Dec 30, 2024, due to lawsuit by Knighted Pastures LLC.
Lawsuit alleges breach of fiduciary duty re Yellow River Global Capital investment; company calls it scheme by Knighted/Roy Choi to gain control at discount.
Expects Nasdaq non-compliance notice in early Jan 2025 for missing annual meeting deadline; will submit compliance plan within 45 days.
No immediate effect on listing; new meeting date to be set after lawsuit resolution.

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