Black Ridge Oil & Gas is a growth-oriented asset manager and was the sponsor of Black Ridge Acquisition Corp. On August 9, 2019, Black Ridge Acquisition Corp. became Allied Esports Entertainment, Inc. (NASDAQ: AESE).
As of August 12, 2019, Black Ridge Oil & Gas owned 2,685,500 shares of AESE (“Sponsor Shares”). 537,100 of the Sponsor Shares are subject to distribution rights to officers and directors under the 2018 Management Incentive Plan dated March 6, 2018. Black Ridge is evaluating plans for the remaining Sponsor Shares which could include a distribution of some or all of the Sponsor Share proceeds.
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