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Allied Esports Entertainment Announces Engagement of Investment Banking Firm Benchmark to Provide Financial Advisory Services
IRVINE, Calif.--(BUSINESS WIRE)-- Allied Esports Entertainment, Inc. (NASDAQ: AESE) (the “Company” or “AESE”), a global esports entertainment company, today
About this update from Allied Gaming & Entertainment Inc.
[{"type":"text","content":" IRVINE, Calif.--(BUSINESS WIRE)--\nAllied Esports Entertainment, Inc. (NASDAQ: AESE) (the “Company” or “AESE”), a global esports entertainment company, today announced that it has engaged The Benchmark Company, LLC (“Benchmark”) to serve as the Company’s exclusive financial advisor in connection with a potential business combination transaction.\n\nAs previously announced, the Company is actively pursuing opportunities to invest the cash on its balance sheet to acquire or merge with an existing business. To date, the Company has reviewed a number of potential targets and the continued sourcing of additional opportunities is ongoing. The engagement of Benchmark is expected to accelerate this process.\n\nLyle Berman, the Company’s Co-Chairman and President, said, “I am very pleased to announce our engagement with Benchmark to assist in the identification and execution of a transformative M&A transaction. After an extensive and extremely thorough search process, I believe Benchmark is the ideal investment bank to advise our team as we continue our efforts to maximize AESE shareholder value.”\n\nAbout Allied Esports Entertainment\n\nAllied Esports Entertainment (NASDAQ: AESE) is a global esports entertainment venture dedicated to providing transformative live experiences, multiplatform content and interactive services to audiences worldwide. For more information, visit alliedesports.gg.\n\nForward Looking Statements\n\nThis communication contains certain forward-looking statements under federal securities laws. Forward-looking statements may include our statements regarding our goals, beliefs, strategies, objectives, plans, including product and service developments, future financial conditions, results or projections or current expectations. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of such terms, or other comparable terminology. These statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results to be materially different from those contemplated by the forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of...