Allied Gaming & Entertainment Announces Proposed Rebranding to “AI & FutureTech Alliance Limited (AIFA)” and Plans for Hainan Silicon ...

Allied Gaming & Entertainment Announces Proposed Rebranding to “AI & FutureTech Alliance Limited (AIFA)” and Plans for Hainan Silicon Photonics AI Supercomputing Center, Supported by Convertible Notes Financing plan to Build a Global Optical Compute Network Platform

NEW YORK, May 5 (Bernama) -- Allied Gaming & Entertainment Inc. (NASDAQ: AGAE) (the “Company”) today announced that its Board of Directors has approved a proposal to change the Company’s corporate name to "AI & FutureTech Alliance Limited," with a proposed corresponding ticker symbol change to "AIFA," and has commenced development planning for an artificial intelligence infrastructure project in the Hainan Free Trade Port — the AIFA Silicon Photonics AI Supercomputing Center — part of the Company’s strategic direction along with future mergers, acquisitions, and development of global optical network infrastructure. Both the proposed name change and the infrastructure project are subject to significant conditions, including shareholder approval, regulatory filings, financing, and other requirements described below.

This initiative aims to position the Company as a global leader in AI infrastructure, to capture significant opportunities arising from the rapid evolution of global intelligent computing capacity and the expansion of the digital economy. The Company has commenced implementation of the first major phase of this strategic plan, as outlined below: