UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934 (Amendment No. 4)

ALLIED GAMING & ENTERTAINMENT INC.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

01917019

(CUSIP Number)

Knighted Pastures LLC

1933 S. Broadway Suite 746

Los Angeles, CA 90007

Attention: Roy Choi

(213) 222-8589

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

August 29, 2023

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: ☐

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(1) Includes 190,000 warrants to purchase Common Shares at $11.50 per share

(2) Percentage calculated based on 37,004,273 Common Shares issued and outstanding as of August 9, 2023, as reported in the Issuer’s Form 10-Q filed on August 10, 2023.

(1) Consists of 7,971,334 Common Shares and 190,000 warrants to purchase Common Shares at $11.50 per share owned by Knighted Pastures LLC, and 256,786 Common Shares owned by Roy Choi.

(2) Percentage calculated based on 37,004,273 Common Shares issued and outstanding as of August 9, 2023, as reported in the Issuer’s Form 10-Q filed on August 10, 2023.

AMENDMENT NO. 3 TO SCHEDULE 13D

Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission by the Reporting Persons with respect to the Common Shares of the Issuer on January 29, 2021, Amendment No. 1 thereto filed on December 13, 2021, Amendment No. 2 thereto filed on December 27, 2021, and Amendment No. 3 thereto filed on February 9, 2022 (as amended, the “Schedule 13D”). Terms defined in the Schedule 13D are used herein as so defined.

The following paragraphs of Item 5 of the Schedule 13D are hereby amended and restated as follows:

(a) – (b) The information requested by these paragraphs is incorporated herein by reference to the cover pages to this Amendment No. 4 to Schedule 13D.

(c) Since the date of filing of the Amendment No. 3 to Schedule 13D, the following transactions were effected by the Reporting Persons:

Knighted Pastures LLC acquired 171,824 Common Shares on February 23, 2022 at a weighted average price of $1.82 per share. These shares were purchased in multiple transactions at prices ranging from $1.71 to $1.88, inclusive.

Knighted Pastures LLC acquired 87,900 Common Shares on February 24, 2022 at a weighted average price of $1.76 per share. These shares were purchased in multiple transactions at prices ranging from $1.70 to $1.80, inclusive.

Roy Choi acquired 151,993 Common Shares on August 28, 2023 at a weighted average price of $0.94 per share. These shares were purchased in multiple transactions at prices ranging from $0.84 to $0.96, inclusive.

Roy Choi acquired 3,793 Common Shares on August 29, 2023 at a weighted average price of $1.03 per share. These shares were purchased in multiple transactions at prices ranging from $0.96 to $1.05, inclusive.

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.