ISS Recommends Allied Gaming Stockholders Vote Knighted's Blue Proxy Card

Core Viewpoint - Knighted Pastures, LLC, which owns approximately 31.5% of Allied Gaming's shares, advocates for the election of its Class B nominees to the Board, citing the need for change due to the current Board's operational and financial underperformance [1][2][4]. Summary by Relevant Sections Operational Performance - Allied Gaming has experienced consistent losses and slow revenue growth since 2019, continuing into Q1 2025 [4]. - The company's operational performance has been characterized by challenges that have led to a lack of clarity in its strategic direction [4]. Corporate Governance - Concerns have been raised regarding the independence of the Board, particularly due to ties with the largest shareholder, Ourgame [4][6]. - The current governance framework is described as concerning, with a lack of transparency in capital allocation decisions and strategic initiatives [3][4]. Strategic Direction - Knighted criticizes Allied Gaming's strategy as unfocused, lacking clear value and synergies across its operational segments [4]. - ISS has validated Knighted's concerns, noting that the company does not provide sufficient information for shareholders to evaluate its performance [4]. Shareholder Engagement - Knighted urges shareholders to vote for its nominees on the BLUE proxy card, emphasizing the need for accountability and a coherent strategic vision [4][5].