{"id":393758,"date":"2020-12-04T16:51:23","date_gmt":"2020-12-04T21:51:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393758"},"modified":"2020-12-04T16:51:23","modified_gmt":"2020-12-04T21:51:23","slug":"hall-of-fame-resort-entertainment-company-announces-closing-of-underwriters-option-to-purchase-additional-shares-of-common-stock-in-connection-with-its-underwritten-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hall-of-fame-resort-entertainment-company-announces-closing-of-underwriters-option-to-purchase-additional-shares-of-common-stock-in-connection-with-its-underwritten-public-offering\/","title":{"rendered":"Hall of Fame Resort & Entertainment Company Announces Closing of Underwriters\u2019 Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering"},"content":{"rendered":"

<\/p>\n

Hall of Fame Resort & Entertainment Company Announces Closing of Underwriters\u2019 Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering<\/b><\/p>\n

CANTON, Ohio–(BUSINESS WIRE<\/a>)–
\nHall of Fame Resort & Entertainment Company (\u201cHOFV\u201d or the \u201cCompany\u201d) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered around the power of professional football and owner of the Hall of Fame Village powered by Johnson Controls, announced today the closing of the sale of an additional 2,678,571 shares of common stock at $1.39 per share pursuant to the exercise of the underwriters\u2019 over-allotment option in connection with its public offering that closed on November 18, 2020, resulting in gross proceeds of approximately $3,723,214 and bringing the total gross proceeds of the public offering to approximately $28,749,998.\n<\/p>\n

\nMaxim Group LLC acted as sole book-running manager for the offering.\n<\/p>\n

\nThe offering was conducted pursuant to the Company’s registration statements on Form S-1 (File Nos. 333- 249133 and 333-250119), as amended, previously filed with the Securities and Exchange Commission (\u201cSEC\u201d) that are effective. A final prospectus relating to the offering has been filed with the SEC and is available on the SEC\u2019s website at http:\/\/www.sec.gov<\/a>. Electronic copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, at (212) 895-3745.\n<\/p>\n

\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.\n<\/p>\n

About the Hall of Fame Resort & Entertainment Company<\/b><\/p>\n

\nThe Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Headquartered in Canton, Ohio, the Hall of Fame Resort & Entertainment Company is the owner of the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame’s campus. Additional information on the Company can be found at www.HOFREco.com<\/a>.\n<\/p>\n

Forward-Looking Statements Disclaimer Statement<\/b><\/p>\n

\nThis communication contains \u201cforward-looking statements\u201d within the meaning of the United States Private Securities Litigation Reform Act of 1995 about us that involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontemplate,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforecast,\u201d \u201cgoing to,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201coutlook,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cpropose\u201d, \u201cshould,\u201d \u201ctarget,\u201d \u201cwill,\u201d or \u201cwould\u201d or the negative of these words or other similar terms or expressions. Forward-looking statements in this communication include, but are not limited to, statements about: the benefits of the business combination; the future financial performance of the Company\u2018s following the business combination; changes in the market in which the Company competes; expansion and other plans and opportunities; the effect of the COVID-19 pandemic on the Company\u2019s business; the Company\u2019s ability to raise financing in the future; the possibility of sports betting becoming legal in Ohio; and the Company\u2018s ability to maintain the listing of its common stock on Nasdaq following the business combination. These statements are based on the current expectations of the Company\u2019s management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties and the Company\u2019s business and actual results may differ materially. These risks and uncertainties include, but are not limited to the inability to recognize the anticipated benefits of the business combination; costs related to the business combination; the Company\u2019s ability to manage growth; the Company\u2019s ability to execute its business plan and meet its projections; potential litigation involving the Company; changes in applicable laws or regulations; the potential adverse effect of the COVID-19 pandemic on capital markets, general economic conditions, unemployment and the Company\u2019s liquidity, operations and personnel. Additional information and \u201cRisk Factors\u201d are available in other filings that we make from time to time with the SEC, included in the Registration Statement. In addition, the forward-looking statements in this communication relate only to events as of the date on which the statements are made and are based on information available to us as of the date of this communication. We undertake no obligation to update any forward-looking statements made in this communication to reflect events or circumstances after the date of this communication.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201204005605\/en\/<\/a><\/span><\/p>\n

Media\/Investor:
\n
<\/b>For Hall of Fame Resort & Entertainment Company
\n
Media Inquiries: public.relations@hofreco.com
\n<\/a>
Investor Inquiries: investor.relations@hofreco.com<\/a><\/p>\n

\n\u00a0\n<\/p>\n

KEYWORDS:<\/b> United States North America Ohio<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Construction & Property Residential Building & Real Estate Specialty Commercial Building & Real Estate Construction & Property Building Systems Food\/Beverage Other Technology Fashion Retail Technology General Sports Restaurant\/Bar Vacation Cruise General Entertainment Entertainment Teens Online Retail Other Consumer Urban Planning Women REIT Landscape Interior Design Men Architecture Transportation Family Lodging Sports Destinations Travel Consumer<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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Hall of Fame Resort & Entertainment Company Announces Closing of Underwriters\u2019 Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering CANTON, Ohio–(BUSINESS WIRE)– Hall of Fame Resort & Entertainment Company (\u201cHOFV\u201d or the \u201cCompany\u201d) (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered around the power of professional football and owner of the Hall of Fame Village powered by Johnson Controls, announced today the closing of the sale of an additional 2,678,571 shares of common stock at $1.39 per share pursuant to the exercise of the underwriters\u2019 over-allotment option in connection with its public offering that closed on November 18, 2020, resulting in gross proceeds of approximately $3,723,214 and bringing the total … <\/p>\n

Continue reading “Hall of Fame Resort & Entertainment Company Announces Closing of Underwriters\u2019 Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393758","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHall of Fame Resort & Entertainment Company Announces Closing of Underwriters\u2019 Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hall-of-fame-resort-entertainment-company-announces-closing-of-underwriters-option-to-purchase-additional-shares-of-common-stock-in-connection-with-its-underwritten-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hall of Fame Resort & Entertainment Company Announces Closing of Underwriters\u2019 Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering - 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