Replies to post #915 on Hall of Fame Resort and Entertainment Co (HOFV)

[trademax42]

Hey buddy, I know you can not get business combination free. Its right there in the GPAQ Investor Presentation document page 26, current HOFV stakeholders ownership = 85%. They are given shares because they bring value. This is not dilution, imo. Once you're on that page 26, also read foot note 11. You'll see what I meant. Numbers may not be exact after merger, give or take few.

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

What I picked up from the previous poster who reported a post from reddit, I didn't see any huge dilution effect due to exchange of 1.421 for 1 share given to commons. Most of the extra conversion shares were offset by cancellation of Class F shares.

$HOFV

Disclosure. Just my opinion of course, do your own DD.

[trademax42]

This is not a new concept for a SPAC deal, look at NKL*A, current VectorQ shareholders owns 6.4% of Nikola (point 7 on the deck below). In HOFV's case, the public equity holders will own about 8.6% of ownership (page 26 of the GPAQ Investor Presentation).

https://nikolamotor.com/investors/resources#faq

Appears a normal practice in the SPAC space.

$HOFV

Disclosure: Just my opinion of course, do your own DD.