AGAE receives Nasdaq delisting notice over bid price <$1.00 and late 10-K; will appeal

Allied Gaming & Entertainment Inc.

• Notice dated May 6, 2026; stock to suspend May 15 unless hearing requested by May 13.
• Stock closed below $1.00 for 30+ consecutive days; also delinquent on 10-K for FY2025.
• Company intends to request hearing before Nasdaq Panel and seek extended stay.
• Plans include reverse stock split and other measures to regain bid price compliance.
• Bylaws amended to reduce stockholder quorum from majority to 33 1/3%.

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