Replies to post #914 on Hall of Fame Resort and Entertainment Co (HOFV)

[DFYSW]

You’re not including the additional shares issued to prior owners as consideration for the business combination (they’re not giving away their ownership interest for free):

“The ownership percentages set forth above are based on a closing date of July 15, 2020 and 31,765,493 shares of Holdings Common Stock assuming no redemption and 29,329,700 shares of Holdings Common Stock assuming maximum redemption based on funds in the Trust Account of approximately $31.06 million on May 15, 2020”