SCHEDULE 13D/A 0001213900-21-005405 0001811775 XXXXXXXX LIVE 17 Common Stock, par value $0.0001 per share 06/11/2025 false 0001708341 019170109 Allied Gaming & Entertainment Inc.

745 FIFTH AVENUE SUITE 500 NEW YORK NY 10151

ROY CHOI 213-222-8589 KNIGHTED PASTURES, LLC 1933 S. Broadway Suite 1146 Los Angeles CA 90007 ANDREW FREEDMAN, ESQ. 212-451-2300 OLSHAN FROME WOLOSKY LLP 1325 Avenue of the Americas New York NY 10019 0001811775 N Knighted Pastures LLC a WC N CA 0.00 8906270.00 0.00 8906270.00 8906270.00 N 23.4 OO 0001836163 N Choi Roy a PF N X1 0.00 11986423.00 0.00 11986423.00 11986423.00 N 31.5 IN Common Stock, par value $0.0001 per share Allied Gaming & Entertainment Inc. 745 FIFTH AVENUE SUITE 500 NEW YORK NY 10151 The following constitutes Amendment No. 17 to the Schedule 13D filed by the undersigned ("Amendment No. 17"). This Amendment No. 17 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D. This Amendment No. 17 reflects a change in beneficial ownership solely as a result of a decrease in the number of outstanding shares of Common Stock (the "Shares") as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 9, 2025. Item 4 is hereby amended to add the following: On June 11, 2025, the Issuer filed a lawsuit in the United States District Court for the Central District of California (the "Issuer Complaint") against the Reporting Persons and certain other third parties (collectively, the "Defendants"). The following description of the Issuer Complaint is qualified in its entirety by reference to the Issuer Complaint, which is attached as Exhibit 99.1 hereto and incorporated herein by reference. The Issuer Complaint alleges, among other things, that the Defendants (i) violated the reporting requirements of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and (ii) failed to comply with the advance notice provisions set forth in the Issuer's Amended and Restated Bylaws governing the submission of nominations and proposals for the combined 2024/2025 annual meeting. The gravamen of the Issuer Complaint is that Defendants failed to disclose the existence of a "group" within the meaning of Section 13(d) of the Exchange Act. The Issuer seeks permanent injunctive relief and damages. The Reporting Persons do not believe the Issuer is entitled to any relief and intend to defend themselves vigorously. Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 38,018,882 Shares outstanding as of May 29, 2025, which is the total number of Shares outstanding as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on June 9, 2025. As of the date hereof, Knighted directly beneficially owned 8,906,270 Shares, constituting approximately 23.4% of the Shares outstanding. As of the date hereof, Mr. Choi, as the Chief Executive Officer and Manager of Knighted, may be deemed to beneficially own the 8,906,270 Shares owned by Knighted, and directly beneficially owns 3,080,153 Shares, constituting approximately 31.5% of the Shares outstanding. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own. Item 5(c) is hereby amended and restated to read as follows: There have been no transactions in the securities of the Issuer by the Reporting Persons since the filing of Amendment No. 16 to the Schedule 13D. Item 6 is hereby amended to add the following: Reference is made to the Issuer Complaint as defined and described in Item 4 above and attached as Exhibit 99.1 hereto. Item 7 is hereby amended to add the following exhibit: 99.1 - Complaint filed by the Issuer on June 11, 2025. Knighted Pastures LLC /s/ Roy Choi 06/12/2025 Choi Roy /s/ Roy Choi 06/12/2025