ClarificationSep 30, 2026, 03:51 PM
Allied Gaming & Entertainment Clarifies Beneficial Ownership Disclosure
AI Summary
Allied Gaming & Entertainment Inc. (AGAE) issued a clarification regarding its beneficial ownership disclosures. The company received letters from counsel for Primo Vital Limited (Primo) alleging that its previous disclosures concerning Jingsheng (Jason) Lu's shared voting and dispositive power over Primo's 11,986,523 shares (31.3% of outstanding stock) were inaccurate. The letters claim Mr. Lu was removed as Primo's director and ceased to have authority prior to the disclosure date. AGAE stated its disclosure was based on the latest available Schedule 13D filing and that it is not a party to the dispute over the shares.
Key Highlights
- Allied Gaming & Entertainment Inc. received letters claiming its beneficial ownership disclosure regarding Primo Vital Limited was inaccurate.
- Primo Letters state Jingsheng (Jason) Lu was removed as director of Primo on May 19, 2026, and ceased acting for Primo on March 3, 2026.
- Company's beneficial ownership disclosure was based on a December 11, 2024 joint Schedule 13D/A filing.
- The Company is not a party to the dispute concerning ownership and control of the Relevant Shares.
Price Impact
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