Allied Gaming Shareholders Back Board's Stance on Rights Plan Trigger

The non-binding vote signals strong shareholder support for management amid a contested ownership issue.

February 04, 2026

Strong Shareholder Backing for Rights Plan Interpretation

Allied Gaming & Entertainment has received clear backing from its shareholders on a key matter tied to its shareholder rights plan. The company held a special meeting on January 30, 2026, where investors voted on a proposal connected to the board’s determination that a specific investor group had triggered the rights plan.

The proposal centered on Knighted Pastures LLC and Roy Choi, along with Naomi Choi, Yiu-Ting So, and others. The board had identified the group as an Acquiring Person under the terms of its February 2024 Rights Agreement. This designation triggers certain protections for shareholders unless the action is deemed inadvertent—which the board determined it was not.

Investors were asked to weigh in with a non-binding advisory vote. The results were decisive:

• For: Over 19.3 million shares


• Against: About 1.88 million shares


• Abstentions: Just over 24,000 shares

Next Steps and Company Outlook

The outcome won’t automatically drive board action, but it gives the company strong input as it continues to assess next steps. Allied emphasized its commitment to corporate governance and its responsibility to act in the best interests of shareholders. This vote provides a clear signal that shareholders are aligned with how the board has handled this situation so far.

Allied Gaming & Entertainment is focused on building connected experiences across gaming, esports, and entertainment. Its strategy is rooted in reaching global audiences through live events, digital content, and interactive platforms. The company trades on NASDAQ under the ticker AGAE.

More information on the meeting and voting results is available through the company’s latest SEC submission.