On March 7, 2024, Knighted Pastures LLC announced that it has had, and intend to continue to have, discussions with members of Allied Gaming & Entertainment Inc?s management and board of directors regarding the possibility of board representation. Knighted Pastures LLC stated that it intend to nominate individuals for election to the board of directors of the Company at the next annual meeting of stockholders. Knighted Pastures LLC have engaged, and intend to continue to engage, in discussions with the board or directors and/or management of the Company regarding various strategic and operational initiatives that Knighted Pastures LLC believe can generate or enhance shareholder value.

Additionally, such initiatives may include recommendations relating to the Company?s strategic direction, operations, capital allocation, dividend or share repurchase policies, or corporate governance, such as the composition of the Company?s board of directors or management, changes to the Company?s charter, bylaws and other organizational documents and executive compensation. Knighted Pastures LLC added that it intend to propose changes to the Company?s charter, bylaws and other organizational documents that adversely affect what Knighted Pastures LLC believe can generate or enhance shareholder value.