Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) (the "Company" or "AGAE"), a global experiential entertainment company, today announced that on May 6, 2026, it received a notice (the "Notice") from the staff ("Staff") of The Nasdaq Stock Market ("Nasdaq") , the contents of which were disclosed in the Company's Form 8-K filed on May 11, 2026. The Company will request a hearing before an independent Hearings Panel (the "Panel") by May 13, 2026, regarding the Staff's determination, and the Company will take relevant measures, including a reverse stock split and other relevant measures to naturally raise the stock price back above $1.00, in order to maintain the Company's listing status.