Allied Gaming & Entertainment (US:AGAE) Businesswire·2026-01-24 08:40Core Viewpoint - Allied Gaming & Entertainment Inc. (AGAE) is aware of legal actions and investigations involving its former CEO, Frank Ng, and is committed to monitoring the situation closely [1][2]. Group 1: Legal and Investigative Actions - AGAE acknowledges the public disclosure from Ourgame International Holdings Limited regarding legal matters involving Mr. Frank Ng [1]. - The company will review and investigate any relevant matters from Mr. Ng's tenure as CEO, particularly concerning the development of its esports arena in Las Vegas [3]. - AGAE emphasizes that any review will adhere to applicable laws and governance standards, with guidance from independent legal and professional advisers [3]. Group 2: Corporate Governance and Transparency - AGAE reaffirms its commitment to strong corporate governance, transparency, and the protection of shareholder interests [4]. - The company will provide updates as necessary when further disclosures are appropriate or required [4]. Group 3: Company Overview - Allied Gaming & Entertainment Inc. is a global experiential entertainment company focused on live experiences, content, and interactive services in gaming, esports, and entertainment [5]. - The company operates a portfolio of premier assets and brands aimed at connecting fans, players, and communities worldwide [5].