Hall of Fame Resort and Entertainment Co (HOFV)

[XFundManager]

$GPAQ 1: 1:42 Explanation.

This board seems to be filling up with questions regarding the 1:1.42 post merger conversion. A lot of people are saying the price will drop to compensate for dilution. The way I understood it is 1,185,741 of founder shares are getting cancelled to mitigate any dilution/price correction. There are approximately 2,873,000 shares in the public float which this 1:1.42 would apply to. 1,185,741 is 41.2% of 2,873,000 which accounts for the 1.42.

The way I understood it is it’s a coronavirus-triggered incentive to not redeem shares and to hold through the merger and they have set it up as so. If I’m wrong feel free to let me know, but I’d hate to see people start dumping before the merger to catch a price correction that never happens...

The extra 42% shares will be added to your trading account with out you having to do anything when the ticker symbol changes over to HOFV. In my opinion it will happen in the next three days to mitigate the company having to give out more shares than needed instead of closer to the deadline of July 15th 2020.