DelistingMay 11, 2026, 04:18 PM
Allied Gaming & Entertainment Receives Nasdaq Delisting Notice
AI Summary
Allied Gaming & Entertainment Inc. announced it received a notice from Nasdaq on May 6, 2026, indicating non-compliance with the minimum $1.00 bid price rule and the failure to file its 2025 Annual Report on Form 10-K. The company plans to request a hearing by May 13, 2026, and intends to take measures, including a reverse stock split, to regain compliance and maintain its listing status. Management expressed confidence in restoring compliance and addressing risks.
Key Highlights
- Allied Gaming & Entertainment received a Nasdaq delisting notice on May 6, 2026.
- The notice cited non-compliance with Nasdaq Listing Rule 5550(a)(2) (minimum $1.00 bid price).
- The company also failed to file its Annual Report on Form 10-K for the year ended December 31, 2025.
- AGAE will request a hearing before an independent Hearings Panel by May 13, 2026.
- The company plans to implement measures, including a reverse stock split, to regain compliance.
- A hearing request stays the suspension of common stock for 15 days; an extended stay will be sought.
- Management expressed confidence in regaining compliance and addressing potential risks.