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Stock impact report

Allied Gaming & Entertainment, Inc. Adopts Limited-Duration Shareholder Rights Plan

Allied Gaming & Entertainment Inc. (AGAE) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Allied Gaming & Entertainment, Inc. (Nasdaq: AGAE), a global experimental entertainment company, today announced that its Board of Directors has unanimously approved the adoption of a limited-duration shareholder rights plan (“Rights Plan”) under which shareholders will receive rights to purchase a new series of preferred stock in certain circumstances.The Company issued the following statement:In accordance with its fiduciary duties, our Board of Directors is firmly committed to taking actions that are in the best interest of all of the Company’s shareholders. In that regard, our Board is focused on providing a growing audience of gamers with unique experiences through renowned assets, products, and services and regularly evaluates the Company’s capital allocation to ensure that it is best positioned to optimize shareholder returns. As we’ve noted, the Company recently completed its strategic review of its business operations and announced plans to rest Show less Read more
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