Allied Gaming & Entertainment (AGAE) just unveiled an update.
Allied Gaming and Entertainment, Inc. has terminated multiple agreements with Elite Fun Entertainment Limited, including a Share Purchase Agreement, in exchange for a $2 million payment and share transfer back to Allied Gaming. Additionally, the company has amended its Bylaws to lower the required stockholder approval for bylaw amendments, and approved resolutions for the 2024 Annual Meeting to facilitate certain shareholder activities and set meeting dates. These strategic moves are part of Allied Gaming’s efforts to strengthen its gaming and entertainment business in China and the Asia Pacific region.
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