Allied Gaming & Entertainment Inc.

Allied Gaming & Entertainment Inc. announced significant leadership changes, effective June 17, 2026. Li Yangyang resigned as CEO and Chairman but will continue as President and a Class A director. The Board appointed Weizhi (Eric) Shao as the new Chief Executive Officer and Li Shanglong as an independent director and the new Chairman of the Board. These changes are part of the company's strategic transformation towards an AI-driven future, leveraging the new leaders' expertise in AI, technology, and e-commerce.

Allied Gaming & Entertainment Inc. (AGAE) filed its Q1 2026 10-Q report, revealing a wider net loss of $5.24 million ($0.83 per share) compared to $4.90 million ($0.67 per share) in Q1 2025. Total revenues saw a significant drop to $1.55 million from $2.28 million year-over-year, primarily driven by declines in in-person and casual mobile gaming revenues. The company's balance sheet also showed a decrease in total assets to $68.06 million and total liabilities to $35.21 million.

All In FutureTech Alliance (AIFA) provided a strategic update, accelerating its dual-engine strategy focused on AI infrastructure and application services. The company is developing the AIFA Digital Industrial Park in Hainan, centered on silicon photonics compute and cross-border fiber connectivity, and held discussions with the Lingshui government and Morgan Stanley regarding project implementation, policy support, and financing. Concurrently, governmental approval processes for the acquisition of HyalRoute Communication Group, which owns a pan-ASEAN fiber-optic network, are progressing. AIFA is also evaluating M&A opportunities in AI application sectors and plans a Board reorganization.

All In FutureTech Alliance, Inc. (AIFA) announced that stockholders approved a proposal to authorize a reverse stock split. The Board subsequently approved a 1-for-6 reverse stock split, effective June 11, 2026, with split-adjusted trading beginning June 12, 2026. This action is intended to help the company regain and maintain compliance with Nasdaq's minimum bid price requirement, reducing outstanding shares from approximately 38.3 million to 6.4 million.

All In FutureTech Alliance Inc. (AIFA) announced the filing of an 8-K report with the SEC, providing supplementary information regarding its previously announced acquisition of HyalRoute Fiber Optic Group at $10.00 per share. The filing details HyalRoute's extensive fiber optic network and digital infrastructure in the ASEAN region, including 85,000 km of terrestrial and 25,000 km of international submarine fiber networks. The company also outlined its strategic "Fiber Network + Compute" strategy, including a $300 million investment in a next-generation Silicon Photonics AI Supercomputing Center. HyalRoute reported 2025 revenue of $2.19 billion and projects total revenue to reach $9.30 billion with a net profit of $4.70 billion by 2028.

All In FutureTech Alliance Inc. (AIFA) announced the filing of a Form 8-K related to its previously announced acquisition of HyalRoute Fiber Optic Group at US$10.00 per share. The filing includes supplemental information from the seller detailing HyalRoute's business operations, infrastructure assets, strategic positioning, and projected financial performance. HyalRoute, a leading fiber-optic network and digital infrastructure company in ASEAN, projects total revenue of US$280 million in 2026, growing to US$930 million by 2028, with net profit after tax reaching US$470 million in 2028. The company is also developing a US$300 million AI supercomputing center, expected to generate US$310 million in revenue by 2028.

All In FutureTech Alliance Inc. (AIFA), formerly Allied Gaming & Entertainment Inc., issued a supplemental statement detailing its long-term strategic direction. The company is transforming into an AI infrastructure platform with optical technologies at its core, driven by its recent acquisition of a 57.67% controlling interest in HyalRoute Fiber-Optic Communication Group. AIFA plans to build a dual-engine platform comprising an "AI infrastructure network powered by optical technologies" and a "matrix of AI application services" to capitalize on growing digital infrastructure needs.

All In FutureTech Alliance Inc. (AIFA) announced it has entered into definitive agreements to acquire a 57.67% controlling interest in HyalRoute Fiber-Optic Communication Group for US$2.3068 billion. The consideration will be paid entirely through the issuance of newly issued AGAE common shares at a reference price of US$10.00 per share. This acquisition is a major milestone in AIFA's strategic transformation into a global technology operating platform focused on "optics-centered" AI infrastructure. HyalRoute, valued at US$4.0 billion for the transaction, owns extensive fiber-optic networks across ASEAN and is developing a compute center.

All In FutureTech Alliance Inc. (AIFA) received a Nasdaq deficiency letter on May 19, 2026, for failing to timely file its Q1 2026 Form 10-Q and its 2025 Annual Report on Form 10-K. The company announced that the 2025 Form 10-K has been completed, filed, and released today, May 21, 2026, and the Q1 2026 Form 10-Q is in preparation. This notice has no immediate effect on the company's stock listing or trading. AIFA plans to advance its strategic transformation into an AI-focused digital infrastructure platform.

Allied Gaming & Entertainment Inc. (now All In FutureTech Alliance, Inc.) is undergoing a strategic transformation, expanding beyond traditional gaming into future technology, AI, and education. Key moves include the acquisition of a 40% equity interest in mobile game developer Z-Tech in October 2023 and the acquisition of Saiju School in Japan in November 2025, which will be transformed into an AI-focused educational platform. The company also settled significant legal proceedings, including a $5.94 million fee award related to the Knighted Pastures litigation and an $85,000 settlement for a Shareholder Rights Plan dispute.