Hall of Fame Resort and Entertainment Co (HOFV)

[XFundManager]

NEWS OUT ON WARRANTS !!

Finally the we have gotten clarity on how the warrants will work !! great news going forward to all warrant holders !!

I would interpret this registration as a good sign for us. Nobody will exercise warrants unless we are get called, which means we are expecting to see $18+ soon.


https://www.sec.gov/Archives/edgar/data/1708176/000121390020018404/0001213900-20-018404-index.htm



HALL OF FAME RESORT & ENTERTAINMENT COMPANY
Up to 24,731,195 Shares of Common Stock Issuable Upon Exercise of Warrants

This prospectus relates to the issuance by us of up to an aggregate of 24,731,195 shares of our common stock, par value $0.0001 per share (“Common Stock”), that are issuable upon the exercise of 17,400,000 issued and outstanding warrants to purchase 1.421333 shares of our Common Stock at an exercise price of $11.50 per share of Common Stock (“Warrants”). The Warrants were issued in connection with the consummation of the Business Combination (as defined herein).

We will receive proceeds from any exercise of the Warrants for cash.

Our Common Stock is traded on The Nasdaq Capital Market, or Nasdaq, under the symbol “HOFV”. On July 22, 2020, the closing price of our Common Stock was $5.62.

We are an “emerging growth company” as defined in Section 2(a) of the Securities Act of 1933, as amended, or the Securities Act, and as such, have elected to comply with certain reduced public company reporting requirements.

See the section entitled “Risk Factors” beginning on page 2 of this prospectus to read about factors you should consider before buying our securities.

Neither the Securities and Exchange Commission (the “Commission”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

The date of this prospectus is , 2020.