Allied Gaming & Entertainment Inc. (AGAE) Form 8-K — May 4, 2026
Allied Gaming & Entertainment entered into definitive agreements with CEO Yangyang Li and General Counsel Yundan Xiao regarding the issuance of restricted common stock. The agreement with Mr. Li provides for the issuance of shares in recognition of his personal guaranty of a $5.9 million settlement obligation to Knighted Pastures, LLC, and establishes an unconditional obligation for the Company to reimburse Mr. Li for any payments made under that guaranty with interest at 8.75% per annum.
Key figures
- Debt Amount
- $5,936,738.36
- Interest Rate
- 8.75%
- Shares Offered
- 3,000,000
- GC Base Salary
- $180,000
- Share Price VWAP
- $0.30
- GC Award Value Cap
- $900,000
- CEO Issuance Percentage of Exposure
- 25%
Price after filing
Close on the filing date to close N calendar days later (from $0.53). Historical, not a forecast.
AI analysis
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