Hall of Fame Resort and Ent Co (fka HOFV)

[achose369]

Ok, so I saw people are crazy about the S-3 Form, so I want to share what happened to me.

As a GPAQ warrant holder (the company before becoming HOFV), I was exchanged to new HOFV warrants that could purchase 1.42 shares per warrant with a 11.5 strike price when HOFV succesfully merged on 07/01/2020, these new warrants could also be called when the stock reaches 18.

https://imgur.com/a/RwytjP3

you could see from the pic on IB that shows the new and old warrants , the new HOFV warrants could purchase 1.42 shares per warrant with strike price of 11.5 and would expire on 07/2025.

The old warrants which are from GPAQ has an expiry date of 01/2023 and you could only buy 1 share for 1 warrant.

Please tell me what happened in the S-3 Form that made you think there's a problem?

https://www.sec.gov/Archives/edgar/data/1708176/000121390020018404/ea124466-s3_halloffame.htm

The S-3 Form:

Each Warrant entitles the registered holder to purchase 1.421333 shares of our Common Stock at a price of $11.50 per share of Common Stock


Once the Warrants become exercisable, we may call the Warrants for redemption:



? in whole and not in part;

? at a price of $0.01 per Warrant;

? upon not less than 30 days’ prior written notice of redemption (the “30-day redemption period”) to each Warrant holder; and

? if, and only if, the reported last sale price of the our Common Stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending three business days before we send the notice of redemption to the Warrant holders.