Hall of Fame Resort & Entertainment Company Announces Pricing of $2.8 Million Public Offering of Common Stock and Warrants

CANTON, Ohio, Oct. 11, 2023 /PRNewswire/ -- Hall of Fame Resort & Entertainment Company ("HOFV" or the "Company"), the only resort, entertainment and media company centered around the power of professional football today announced the pricing of its previously announced underwritten public offering of 750,000 shares of common stock and accompanying warrants to purchase 750,000 shares of common stock. Each share of common stock is being sold together with one warrant at a combined effective offering price of $3.75. The warrants will be immediately exercisable at a price of $3.75 per share of common stock and will expire five years from the date of issuance. The shares of common stock and the accompanying warrants can only be purchased together in the offering but will be issued separately and will be immediately separable upon issuance. HOFV has granted the underwriters a 45-day option to purchase up to an additional 112,500 shares of common stock and/or additional warrants to purchase up to 112,500 shares of common stock.