Hall of Fame Resort and Ent Co (fka HOFV)

[stoxjock]

No. You are getting confused about the Strike Price.. The 'Strike Price' is Per Common Stock and not Per Warrant.

In the case of Free, you would need 2 warrants to convert to one Common Stock at a Strike Price of $11.5 (per Common Stock).

In the case of HOFV, we can convert to Common Stocks @ $11.5/Common Stock, regardless of how many Common Stocks we get in the # of Warrants ==> Stock Conversion.