NEW YORK, April  14, 2026  (GLOBE NEWSWIRE) -- Allied Gaming &amp; Entertainment Inc. (NASDAQ:AGAE) (&#34;Allied&#34; or the &#34;Company&#34;) and Knighted Pastures LLC (&#34;Knighted Pastures&#34;) today announced that they have reached a

AGAE

Allied Gaming & Entertainment and Knighted Pastures Announce Comprehensive Resolution and Strategic Path Forward

AGAE Resolves Legal Issues with Knighted Pastures, Boosting Strategic Focus

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, April  14, 2026  (GLOBE NEWSWIRE) -- Allied Gaming &amp;amp; Entertainment Inc. (NASDAQ:AGAE) (&amp;#34;Allied&amp;#34; or the &amp;#34;Company&amp;#34;) and Knighted Pastures LLC (&amp;#34;Knighted Pastures&amp;#34;) today announced that they have reached a</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Allied Gaming &amp; Entertainment Inc. (AGAE) has successfully resolved all legal disputes with Knighted Pastures, which enhances operational clarity and allows the company to refocus on its strategic initiatives. This resolution is expected to foster long-term value creation, setting a positive trajectory for AGAE in the digital gaming and entertainment space.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>AGAE resolves all legal matters with Knighted Pastures, eliminating uncertainty.</li><li>The resolution includes clarity on a recent attorneys&#039; fees award.</li><li>AGAE focuses on executing a long-term strategy post-resolution.</li><li>Both companies emphasize constructive outcomes for future operations.</li><li>AGAE aims to build a digital ecosystem in gaming and entertainment.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Knighted Pastures LLC (N/A)</strong>: Knighted Pastures reached a constructive resolution with AGAE, impacting mutual strategic focuses.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This fits the &#039;Corporate Developments&#039; category as it addresses substantial legal resolutions affecting AGAE&#039;s operational clarity and strategic direction, essential for investor confidence.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>AGAE&#039;s resolution with Knighted Pastures clears legal uncertainties, spurring potential investor confidence.</li><li>The commitment to a long-term strategy could enhance AGAE&#039;s investment attractiveness.</li><li>Shift towards building a digital ecosystem may unlock growth opportunities for AGAE.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>AGAE settled all outstanding legal matters with Knighted Pastures on April 14, 2026.</li><li>The resolution included addressing a Delaware court&#039;s attorneys&#039; fees award.</li><li>AGAE&#039;s CEO emphasized a renewed focus on strategic priorities.</li><li>The companies express confidence in their future collaboration in value creation.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>AGAE is likely to see positive momentum as legal uncertainties are resolved, targeting a short-term upward price movement.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>NEW YORK, April  14, 2026  (GLOBE NEWSWIRE) -- Allied Gaming &amp; Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AGAE">AGAE</a>) ("Allied" or the "Company") and Knighted Pastures LLC ("Knighted Pastures") today announced that they have reached a comprehensive and mutually agreed resolution of all outstanding matters between the parties, bringing full closure to prior legal proceedings. In connection with the resolution, the parties have executed a term sheet setting forth the overall framework of the resolution.</p>  <p>The resolution includes a mutually agreed-upon framework addressing the recent Delaware court award of attorneys' fees to Knighted and reflects a constructive outcome that both parties believe is in each of their best long-term interests.</p>  <p>Both Allied and Knighted Pastures emphasized that the resolution establishes clarity, removes uncertainty, and enables a forward-looking alignment focused on value creation.</p>  <p>As part of the resolution, Allied states that it has no basis to question the integrity or business practices of Knighted Pastures or Mr. Choi. Both parties look forward to moving forward independently, focused on their respective strategic priorities.</p>  <p>James Li, Chairman and Chief Executive Officer of Allied Gaming &amp; Entertainment, stated: "We are pleased to have reached a comprehensive and constructive resolution with Knighted Pastures. Importantly, this outcome allows Allied to move forward with clarity, stability, and a renewed focus on executing our long-term strategy.</p>  <p>With this matter behind us, our priority is firmly on building and scaling a next-generation digital platform at the intersection of real-world assets, digital assets, and AI-driven applications across gaming, entertainment, and education.</p>  <p>We believe Allied is uniquely positioned with an integrated ecosystem that combines proprietary content, telecommunications infrastructure, community-level distribution, and data intelligence. Our focus is now on disciplined execution and unlocking the full strategic value of these assets for our shareholders."</p>  <p>Roy Choi, Principal of Knighted Pastures, stated: "We appreciate the resolution of this matter and the clarity it provides for all parties involved. This outcome reflects a thorough process and allows both organizations to move forward constructively.</p>  <p>We remain confident in Allied's strategic direction and its ability to advance its initiatives across the gaming and entertainment landscape. We believe the Company is well-positioned to execute on its opportunities and create long-term value."</p>  <p>Both parties agree that this resolution brings finality to all outstanding matters and establishes a clear path forward.</p>  <p><strong>About Allied Gaming &amp; Entertainment Inc.</strong></p>  <p>Allied Gaming &amp; Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AGAE">AGAE</a>) is a global experiential entertainment company evolving into a vertically integrated digital ecosystem platform.</p>  <p><strong>About Knighted Pastures LLC</strong><br></br>Knighted Pastures LLC is a gaming and entertainment company focused on innovative ventures across the industry.</p>  <p><strong>Contact: </strong></p>  <p><strong>Investor relations: ir@alliedgaming.gg</strong></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY4OTI5NyM3NTM0MTkzIzIzMDkzMjY="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZWMyZDU3NzEtNjFiNC00Mjk4LTg1NTAtNTRjOGU0NTIxYWRhLTEzMjA4NzYtMjAyNi0wNC0xNC1lbg==/tiny/Allied-Gaming-Entertainment.png" referrerpolicy="no-referrer-when-downgrade"></img>

Allied Gaming & Entertainment Inc. (AGAE) has successfully resolved all legal disputes with Knighted Pastures, which enhances operational clarity and allows the company to refocus on its strategic initiatives. This resolution is expected to foster long-term value creation, setting a positive trajectory for AGAE in the digital gaming and entertainment space.

Allied Gaming & Entertainment and Knighted Pastures Announce Comprehensive Resolution and Strategic Path Forward

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News