Allied Gaming shares surge 13.98% intraday after completing acquisition of Japan's Saiju School, to transform it into FutureTech Academy.

Allied Gaming & Entertainment (AGAE) surged 13.98% intraday after announcing the completion of its acquisition of Japan’s Saiju School, a top vocational institution. The move positions the company to transform the school into the Allied International Futuretech Academy (AIFA), offering programs in esports, AI, and digital media education. The acquisition aligns with AGAE’s strategic expansion into youth-focused experiential ecosystems and leverages Japan’s Skills Linkage System, enabling students to earn dual academic and vocational credentials. CEO James Li highlighted the initiative as a pivotal step in redefining global education through technology and creativity, signaling long-term growth potential. This development, coupled with the company’s recent legal compliance and cryptocurrency investments, reinforced investor confidence in its diversified strategy.