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Apr 20, 2026 4:10 AM

Supplemental Update Regarding the Board's Current Pricing Approach for Future M&A-Related Share Issuances

NEW YORK, April 20, 2026 (GLOBE NEWSWIRE) -- Allied Gaming & Entertainment Inc. (NASDAQ:AGAE, "Allied" or the "Company")) today issued the following supplemental update regarding the Board of Directors' current pricing approach for any potential future issuance of equity securities in connection with mergers, acquisitions, asset integrations, or similar strategic transactions.

The Board has considered the relationship between the Company's current market trading price and its view of the Company's underlying value, including the Company's asset base, liquidity profile, creditor-related value, public company platform value, and the potential value associated with the Company's strategic transformation initiatives. Consistent with its responsibility to protect the interests of existing shareholders, the Board has determined that, in evaluating any future issuance of equity securities in connection with potential strategic transactions, it intends to apply a disciplined and shareholder-focused approach to pricing.

As of December ...