Allied Gaming & Entertainment announced it received a notice from Nasdaq on June 18 for non-compliance with Listing Rule 5620(a) (failure to hold annual meeting) and Listing Rule 5250(c)(1) (late Form 10-Q filing). The company submitted a hearing request and extended stay request to appeal any delisting. Allied stated these administrative delays are a “collateral consequence” of lawsuits filed by activist shareholder Knighted Pastures LLC, which it believes were designed to obstruct strategy. The company’s combined 2024/2025 annual meeting is now scheduled for August 4.
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