Replies to post #188 on Hall of Fame Resort and Entertainment Co (HOFV)

[trademax42]

Going by the following paragraph clicking on the link page 159, it appears the extra shares .4213 are given to GPAQ commons.

Upon completion of the Business Combination, (i) each issued and outstanding share of GPAQ Class A common stock (excluding any shares held by a GPAQ stockholder that elects to have its shares redeemed pursuant to GPAQ’s organizational documents) will be converted automatically into the right to receive 1.421333 shares of Holdings Common Stock, following which all shares of GPAQ Class A common stock shall cease to be outstanding and shall automatically be canceled and shall cease to exist;

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

GPAQ shares make up 8.6% (2.6 million out of 30.7 million post merger shares. See slide 26 of the GPAQ Investors Presentation).

https://www.otcmarkets.com/filing/html?id=14188010&guid=x-wFUFjYHseVdyh

So my read is the split affects the DPAQ commons (2.6 million split adjusted shares) portion of the SS, but not the entire SS.

The split is only activated in the post merger business situation. HOF already invested $250 million for phase 1 completion. Phase 11 is on-going and $300 million will be invested. Then there is phase 111 which includes luxury hotels and retails, multi family housing etc. Sounds very robust business plans going forward.

If I were a guessing man, I would say a very little PPS adjustment as result of the extra shares, if anything at all.

Quote from your post:

When they give out the extra shares will stock price be adjusted like a regular stockbsplit

$GPAQ

Disclosure: My posts are my opinion only, do your own DD before buying, selling or holding shares. My opinion doesn't constitute a financial advice.