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

CANTON, Ohio, Oct. 13, 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 closing 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 was sold together with one warrant at a combined effective offering price of $3.75. 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, of which the underwriter partially exercised its option and purchased an additional 40,000 warrants.