Ourgame International Holdings Limited 聯 眾 國 際 控 股 有 限 公 司* （ 根 據 開 曼 群 島 法 律 註 冊 成 立 之 有 限 公 司 ） （ 股 份代號 ： 6899）
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香 港 交 易 及 結 算 所 有 限 公 司及香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負責， 對 其 準 確 性 或 完 整 性 亦不 發 表 任 何 聲 明 ， 並 明 確 表 示 ， 概 不 對 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產生或 因 倚 賴 該 等 內 容 而 引 致 之任何 損 失 承 擔 任 何 責 任 。 OURGAME INTERNATIONAL HOLDINGS LIMITED 聯 眾 國 際 控 股 有 限 公 司* （ 根 據 開 曼 群 島 法 律 註 冊 成 立 之 有 限 公 司 ） （ 股 份代號 ： 6899） 海 外 監 管 公 告 — S-1表 格 本 公 告 乃 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 第 13.10B條 發 布 。 謹 請 參 閱 有 關 文 件之附 件 ， 該 文 件 已 由 Allied Esports Entertainment, Inc.於 二 零 二 零 年 七 月 二 十 八 日（ 美 國 時 間 ）在 美 國 證 券 交 易 委 員 會 網 站 發 布 。 承 董 事 會 命 聯 眾 國 際 控 股 有 限 公 司 主 席 兼 執 行 董 事 李 揚揚 北 京 ， 二 零 二 零 年 七 月 二 十 九 日 於 本 公 告 日 期 ， 董 事 會 包 括 執 行 董 事 李 揚揚先 生 及 高 宏 先 生 ； 非 執 行 董 事 劉 江 先 生 、 傅 強 女 士 、 陳 弦 先 生 及 胡 文 先 生 ； 以 及 獨 立 非 執 行 董 事 黃 勇 教 授 、 馬 少 華 先 生 及 陸 京 生 先 生 。 * 僅 供 識 別 As filed with the Securities and Exchange Commission on July 28, 2020 Registration No. 333-239584 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ALLIED ESPORTS ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) Delaware 7900 82-1659427 (State or jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification No.) 17877 Von Karman Avenue, Suite 300 Irvine, California, 92614 Telephone: (949) 225-2600 (Address, including Zip Code, and Telephone Number, including Area Code, of Registrant’s Principal Executive Offices) Mr. Frank Ng Chief Executive Officer 17877 Von Karman Avenue, Suite 300 Irvine, California, 92614 Telephone: (949) 225-2600 (Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service) Copy to: Bradley Pederson, Esq. Maslon LLP 3300 Wells Fargo Center 90 South Seventh Street Minneapolis, Minnesota 55402 Telephone: (612) 672-8200 Fax: (612) 672-8341 Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of the registration statement. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐ If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one) Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company ☒ Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. ☐ CALCULATION OF REGISTRATION FEE Proposed maximum Proposed offering maximum price aggregate Amount of Amount to be per offering registration Title of each class of securities to be registered registered (1) security price fee (2) Common stock, par value $0.0001 per share 24,042,782 $ 2.10(2) $ 50,489,842.20 $ 6,553.58 (1) There is also being registered hereunder an indeterminate number of additional shares of common stock as shall be issuable pursuant to Rule 416 to prevent dilution resulting from stock splits, stock dividends or similar transactions. (2) Previously paid. The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine. The information in this prospectus is not complete and may be changed. The selling stockholders may not sell these securities until the registration statement filed with the Securities and Exchange Commission is declared effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is prohibited. SUBJECT TO COMPLETION DATED JULY 28, 2020 PRELIMINARY PROSPECTUS ALLIED ESPORTS ENTERTAINMENT, INC. Common Stock 24,042,782 Shares This prospectus relates to the proposed resale or other disposition from time to time of up to 24,042,782 shares of common stock, $0.0001 par value per share, of Allied Esports Entertainment, Inc. (“AESE”), by the selling stockholders identified in this prospectus. We are not selling any shares of common stock under this prospectus and will not receive any of the proceeds from the sale or other disposition of common stock by the selling stockholders. However, we will receive proceeds from the exercise for cash, if any, of the Warrants issued to the selling stockholders pursuant to the Purchase Agreement. We will use these proceeds for general corporate and working capital purposes, or for other purposes that our Board of Directors, in its good faith, deems to be in the best interest of our Company. We have agreed to bear the expenses relating to the registration of the offer and resale by the selling stockholders of the shares being offered hereby. The selling stockholders or their pledgees, assignees or successors-in-interest may offer and sell or otherwise dispose of the shares of common stock described in this prospectus from time to time through public or private transactions at prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices. The selling stockholders will bear all commissions and discounts, if any, attributable to the sales of such shares. We will bear all other costs, expenses and fees in connection with the registration of the such shares. See “Plan of Distribution” beginning on page 77 for more information about how the selling stockholders may sell or dispose of its shares of common stock. Our common stock is listed on the Nasdaq Capital Market under the symbol “AESE.” On July 27, 2020, the last reported per share price of our common stock on the Nasdaq Capital Market was $2.17 per share. Investing in our common stock involves a high degree of risk. Before making any investment in these securities, you should read and carefully consider the risks described in this prospectus under “Risk Factors” beginning on page 8 of this prospectus. We are a “smaller reporting company” under applicable law and are subject to reduced public company reporting requirements. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The date of this prospectus is [●], 2020. TABLE OF CONTENTS Page PROSPECTUS SUMMARY 1 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 7 RISK FACTORS 8 DIVIDEND POLICY 28 USE OF PROCEEDS 28 SELLING STOCKHOLDERS 28 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION 30 BUSINESS 45 MANAGEMENT 57 EXECUTIVE AND DIRECTOR COMPENSATION 61 TRANSACTIONS WITH RELATED PERSONS 67 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 70 DESCRIPTION OF EQUITY SECURITIES 72 CERTAIN UNITED STATES FEDERAL INCOME TAX CONSEQUENCES FOR NON-U.S. HOLDERS 73 PLAN OF DISTRIBUTION 77 WHERE YOU CAN FIND MORE INFORMATION 78 LEGAL MATTERS 78 EXPERTS 78 INDEX TO CONSOLIDATED FINANCIAL INFORMATION F-1 i ABOUT THIS PROSPECTUS Unless otherwise stated or the context otherwise requires, the terms “we,” “us,” “our,” “AESE” and the “Company” refer to Allied Esports Entertainment, Inc. and its subsidiaries. This prospectus is part of a registration statement that we have filed with the Securities and Exchange Commission (the “SEC”), pursuant to which the selling stockholders may, from time to time, offer and sell or otherwise dispose of the securities covered by this prospectus.