Allied Gaming & Entertainment Announces Special Meeting Proposal Focused on Capital Structure to Support M&A and Financing Plan

NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- Allied Gaming & Entertainment Inc. (NASDAQ: AGAE) (the “Company”) today announced that its Board of Directors has approved a proposal to be submitted to a special meeting of stockholders (the “Special Meeting”) to be held on June 1st, 2026 for consideration and vote. The proposal is primarily focused on capital structure optimization, supporting the Company's flexibility for potential future strategic transactions and financing initiatives, and strengthening corporate governance.