Hall of Fame Resort and Entertainment Co (HOFV)

[doogdilinger]

Because if the transaction fails to go through then based on the CASHOLA GPAQ has in hand...we know we're protected at $10.85 based purely on the valuation metrics in play k Knight buddy glty

Redemption Rights

Holders of public shares may elect to have their shares redeemed for cash at the applicable redemption price per share calculated in accordance with our amended and restated certificate of incorporation. Based on funds in the Trust Account of approximately $31.06 million on May 15, 2020, this would have amounted to approximately $10.81 per share (net of income and franchise taxes). It is anticipated that the per share redemption price will be approximately $10.85 (net of income and franchise taxes) at the closing of the Business Combination, which is anticipated to occur in July 2020. If a holder exercises its redemption rights, then such holder will be exchanging its shares of GPAQ Common Stock for cash and will no longer own shares of GPAQ Common Stock and will not participate as a future shareholder of Holdings. Our public stockholders are not required to affirmatively vote for or against the Business Combination in order to redeem their shares of common stock for cash. This means that public stockholders who hold shares of our Class A common stock on or before June 26, 2020 (two (2) business days before the Special Meeting) will be eligible to elect to have their shares of Class A common stock redeemed for cash in connection with the Special Meeting, whether or not they are holders as of the Record Date, and whether or not such shares are voted at the Special Meeting. To redeem their shares of common stock for cash, our public stockholders can demand GPAQ to convert their public shares into cash and tender their shares to GPAQ’s transfer agent in accordance with the procedures described herein. See the section entitled “Special Meeting of GPAQ Stockholders — Redemption Rights” for the procedures to be followed if you wish to redeem your shares for cash.

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https://www.otcmarkets.com/filing/html?id=14200850&guid=HnGFUnncHe-8cth#DEFR14A30620_GORDONPOINTE_HTM_T25