Allied Gaming & Entertainment Reveals Strategic Investment From Elite Fun Entertainment

-5.73%

Allied Gaming & Entertainment Inc. - Common Stock

AGAE

1.81

-5.73%

On December 28, 2023, Elite Fun Entertainment Co., Ltd. agreed to acquire 7.33 million shares of Allied Gaming & Entertainment's common stock at a purchase price of $0.90 per share for a total purchase price of $6.597 million.In addition, the parties have agreed to negotiate and finalize a collaboration or partnership agreement under which Elite Fun Entertainment Co., Ltd. will assist the Company with organizing live shows and events in Asia.

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