UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 28, 2021, the special meeting of the stockholders (the “Special Meeting”) of Allied Esports Entertainment, Inc. (the “Company”) was convened and adjourned without any business being conducted due to the fact that quorum was not achieved. The Special Meeting was adjourned until July 1, 2021. At the Special Meeting on July 1, 2021, the Company’s stockholders took the following actions:
| (i) | The stockholders approved the Amended and Restated Stock Purchase Agreement dated effective March 19, 2021, as amended on March 29, 2021 (as amended, the “Stock Purchase Agreement”), by and among the Company, Allied Esports Media, Inc., Club Services, Inc., and Element Partners, LLC. There were 23,791,653 votes cast approving the Stock Purchase Agreement, 110,984 votes cast against the Stock Purchase Agreement, and 28,903 votes abstentions. |
| (ii) | The stockholders approved the proposal to adjourn the Special Meeting to a later date or time if necessary or appropriate, including to solicit additional proxies in favor of the proposal to adopt the Stock Purchase Agreement if there were insufficient votes at the time of the Special Meeting to approve and adopt the Stock Purchase Agreement. There were 23,663,728 votes for the proposal, 235,029 votes against, and 32,783 vote abstentions. |
The Company intends to close the sale transaction contemplated by the Stock Purchase Agreement once the remaining conditions to closing are satisfied or waived in accordance with the terms of the Stock Purchase Agreement.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 8, 2021
| ALLIED ESPORTS ENTERTAINMENT, INC. | ||
| By: | /s/ Anthony Hung | |
| Anthony Hung Chief Financial Officer | ||