Gordon Pointe News NEW YORK and NAPLES, Fla., Feb. 21, 2020 /PRNewswire/ -- Gordon Pointe Acquisition Corp. (the "Company") (NASDAQ: GPAQ, GPAQU, GPAQW), a publicly traded special purpose acquisition company, and HOF Village, LLC ("HOFV") announced today that it has set a date for the Special Meeting of its stockholders (the "Special Meeting"). At the Special Meeting, stockholders will be asked to approve the business combination contemplated by the previously announced Agreement and Plan of Merger, dated as of September 16, 2019. The terms of the Agreement and Plan of Merger provide, among other things, for HOF Village Newco, LLC, a subsidiary of HOFV that will hold all of HOFV's operations, to be merged with and into a wholly-owned subsidiary of the Company (the "Business Combination"). HOFV's management and equity holders have committed to roll 100% of their equity into the combined entity.
The Special Meeting will be held on March 25, 2020, at 10:00 a.m., Eastern time, at the offices of Fox Rothschild LLP, at 2000 Market Street, 20th Floor, Philadelphia, Pennsylvania 19103. Company stockholders of record at the close of business on February 18, 2020, will be entitled to receive notice and vote at the Special Meeting.
The completion of the Business Combination remains subject to other customary closing conditions, including receipt of approval from the Company's stockholders. The Business Combination is expected to close by the end of March 2020.
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