0001708176 false 0001708176 2021-05-14 2021-05-14 0001708176 HOFV:CommonStock0.0001ParValuePerShareMember 2021-05-14 2021-05-14 0001708176 HOFV:WarrantsToPurchase1.421333SharesOfCommonStockMember 2021-05-14 2021-05-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): May 14, 2021

 

HALL OF FAME RESORT & ENTERTAINMENT COMPANY

(Exact name of registrant as specified in its charter)

 

Delaware   001-38363   84-3235695
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

2626 Fulton Drive NW

Canton, OH 44718

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (330) 458-9176

 
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)  

Name of each exchange on which registered

Common Stock, $0.0001 par value per share   HOFV   Nasdaq Capital Market
Warrants to purchase 1.421333 shares of Common Stock   HOFVW   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 2.02 Results of Operations and Financial Condition.

 

On May 14, 2021, Hall of Fame Resort & Entertainment Company (the “Company”) issued a press release relating to its results for the quarter ended March 31, 2021. A copy of the press release is furnished herewith as Exhibit 99.1. A slide presentation, which includes supplemental information relating to the Company’s first quarter 2021 earnings, is furnished herewith as Exhibit 99.2.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Document
99.1   Press Release dated May 14, 2021
99.2   Slide Presentation
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  HALL OF FAME RESORT & ENTERTAINMENT COMPANY
     
  By: /s/ Michael Crawford
    Name: Michael Crawford
    Title:   President and Chief Executive Officer
     
Dated: May 14, 2021    

 

 

2

 



Exhibit 99.1

 

 

 

Hall of Fame Resort & Entertainment Company Announces First Quarter 2021 Results

 

CANTON, Ohio – May 14, 2021 – Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company centered around the power of professional football, announced its first quarter fiscal 2021 results for the period ended March 31, 2021.

 

“We are pleased with all of the progress made during the first quarter. The team continues to execute at a high level, moving the ball down the field,” shared President and CEO Michael Crawford. “We announced several new media partnerships to create two documentaries: “INSPIRE: Heroes of Change”, in partnership with Tupelo Honey and “The Perfect Ten”, the story of the 10 athletes who are the only players to win both the Heisman trophy and be enshrined into the Pro Football Hall of Fame (also known as “H2H”) in partnership with Elite Team Holdings, LLC. Also, this quarter, the Company partnered with leading marketing and PR agency Dolphin Entertainment to enter into the exciting world of non-fungible tokens (“NFTs”). Our first NFTs will showcase several of the amazing H2H Legends in a way that we believe has not been developed to date. These NFTs demonstrate our ability to provide a new medium of engagement with football fans through our direct access to one-of-a-kind content.” Crawford continued, “We were also able to move forward on the construction front within Hall of Fame Village powered by Johnson Controls. We have developed the east endzone of Tom Benson Hall of Fame Stadium which will now house a state of the art “fan-zone”, providing tremendous engagement and entertainment opportunities, complete with a jumbotron scoreboard as well as have made remarkable progress within the Constellation Center of Excellence. Lastly, we were excited to launch the Hall of Fantasy League (“HOFL”), our “first of its kind” fantasy football league. The HOFL allows fans to participate in new and unique ways within the world of fantasy football. Over the last quarter we made “staking” available through our relationship with StakeKings as well as the opportunity to purchase team logo merchandise online. We look forward to the first HOFL season which will run parallel to that of the NFL.”

 

Key Financial Highlights

First quarter revenue was $1.9 million, which is comparable to the prior year, as hotel revenue mostly offset lower rent and events revenues.
First quarter net loss of $126.1 million. This was primarily due to $116.4 million expense related to a change in fair value of warrant liability, a result of the April 12, 2021 Securities and Exchange Commission staff statement affecting the accounting treatment for certain warrants.
First quarter adjusted EBITDA was a loss of $5.1 million, which is comparable to the prior year. See page 6 for reconciliation of net loss attributable to Hall of Fame Resort & Entertainment Company stockholders to adjusted EBITDA.
The Company had a cash balance, including restricted cash, of $68.6 million as of March 31, 2021, compared to $40.1 million as of December 31, 2020. The increased cash balance was driven by proceeds from an equity raise and exercise of warrants in the first quarter.

 

First Quarter Business Highlights

Formed a media partnership with Tupelo Honey, one of the nation’s largest independent production companies, to work on producing INSPIRED: Heroes of Change, an unscripted series featuring professional football figures who are using their platforms to improve their communities.
Announced the development of the H2H documentary with Elite Team Holdings, LLC that will be produced in partnership with NFL Films. The documentary will highlight the careers of the ten men that have won the Heisman Trophy and also have been enshrined into the Pro Football Hall of Fame.
Announced that the Highway 77 Music Festival will take place at the Hall of Fame Village powered by Johnson Controls, on Sunday, September 12, 2021.

Signed a multi-year partnership with the Women’s Football Alliance to host its four division championships at the Tom Benson Hall of Fame Stadium beginning this year.
Closed on the sale of 14.1 million shares of common stock in an underwritten public offering, which includes the full exercise of the underwriters’ over-allotment option, for gross proceeds of approximately $34.5 million.

 

1

 

 

Signed a partnership with Dolphin Entertainment to create NFTs with the first tokens connected to the H2H platform.
Launched HOFL with the unveiling of 10 cities, team names and logos.
Launched “staking” of the 10 HOFL teams as well as the ability to purchase team logo merchandise online.

 

Subsequent To Quarter End Highlights

Announced multi-year partnership deal with American Standard and extended an agreement with PepsiCo Beverages North America.
Announced the launch of the first NFTs for the H2H Legend Series on May 17th, beginning with Heisman Trophy winner and Pro Football Hall of Fame enshrinee Tim Brown.

 

Conference Call

The Company will host a conference call and webcast Monday, May 17, 2021, beginning at 8:30 a.m. ET, to provide commentary on the business. Speaking on the call will be Michael Crawford, President and Chief Executive Officer, and Jason Krom, Chief Financial Officer.

 

Investors and all other interested parties can access the live webcast and replay at the Company’s website: ir.hofreco.com.

 

About Hall of Fame Resort & Entertainment Company

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.

 

Forward-Looking Statements

Certain statements made herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words and phrases such as “opportunity,” “future,” “will,” “goal,” and “look forward” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of the business combination; costs related to the business combination; the inability to obtain or maintain the listing of the Company’s shares on Nasdaq; the Company’s ability to manage growth; the Company’s ability to execute its business plan and meet its projections; potential litigation involving the Company; changes in applicable laws or regulations; general economic and market conditions impacting demand for the Company’s products and services, and in particular economic and market conditions in the resort and entertainment industry; the potential adverse effects of the ongoing global coronavirus (COVID-19) pandemic on capital markets, general economic conditions, unemployment and the Company’s liquidity, operations and personnel, as well as those risks and uncertainties discussed from time to time in our reports and other public filings with the SEC. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

Media/Investor Contacts:

For Hall of Fame Resort & Entertainment Company

Media Inquiries: public.relations@hofreco.com

Investor Inquiries: investor.relations@hofreco.com

 

2

 

 

HALL OF FAME RESORT & ENTERTAINMENT COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

 

    For the Three Months Ended
March 31,
 
    2021     2020  
             
Revenues                
Sponsorships, net of activation costs   $ 1,475,436     $ 1,660,928  
Rents and cost recoveries     41,883       274,780  
Event revenues     1,662       27,833  
Hotel revenues     396,338       -  
Total revenues   $ 1,915,319     $ 1,963,541  
                 
Operating expenses                
Property operating expenses     6,008,999       6,683,986  
Hotel operating expenses     766,165       -  
Commission expense     166,667       450,854  
Depreciation expense     2,920,937       2,722,120  
Total operating expenses   $ 9,862,768     $ 9,856,960  
                 
Loss from operations     (7,947,449 )     (7,893,419 )
                 
Other expense                
Interest expense     (955,308 )     (2,010,010 )
Amortization of discount on note payable     (1,234,114 )     (3,234,413 )
Change in fair value of warrant liability     (116,351,000 )     -  
Gain on forgiveness of debt     390,400       -  
Total other expense   $ (118,150,022 )   $ (5,244,423 )
                 
Net loss   $ (126,097,471 )   $ (13,137,842 )
                 
Non-controlling interest     (49,711 )     -  
                 
Net loss attributable to HOFRE stockholders   $ (126,147,182 )   $ (13,137,842 )
                 
Net loss per share - basic and diluted   $ (1.67 )   $ (2.42 )
                 
Weighted average shares outstanding, basic and diluted     75,350,163       5,436,000  

 

3

 

 

HALL OF FAME RESORT & ENTERTAINMENT COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

 

    As of:  
    March 31,
2021
    December 31,
2020
 
    (unaudited)        
Assets            
Cash   $ 50,320,435     $ 7,145,661  
Restricted cash     18,228,113       32,907,800  
Accounts receivable, net     956,778       1,545,089  
Prepaid expenses and other assets     11,874,628       6,920,851  
Property and equipment, net     153,447,521       154,355,763  
Project development costs     116,017,357       107,969,139  
Total assets   $ 350,844,832     $ 310,844,303  
                 
Liabilities and stockholders’ equity                
Liabilities                
Notes payable, net   $ 102,431,787     $ 98,899,367  
Accounts payable and accrued expenses     11,387,699       20,538,190  
Due to affiliate     1,922,868       1,723,556  
Warrant liability     84,298,000       19,112,000  
Other liabilities     5,114,112       5,489,469  
Total liabilities     205,154,466       145,762,582  
                 
Commitments and contingencies (Note 7 and 8)                
                 
Stockholders’ equity                
Undesignated preferred stock, $0.0001 par value; 4,947,200 shares authorized; no shares issued or outstanding at March 31, 2021 and December 31, 2020     -       -  
Common stock, $0.0001 par value; 300,000,000 shares authorized; 94,178,308 and 64,091,266 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively     9,419       6,410  
Additional paid-in capital     278,815,795       172,112,688  
Accumulated deficit     (132,988,053 )     (6,840,871 )
Total equity attributable to HOFRE     145,837,161       165,278,227  
Non-controlling interest     (146,795 )     (196,506 )
Total equity     145,690,366       165,081,721  
Total liabilities and stockholders’ equity   $ 350,844,832     $ 310,844,303  

 

4

 

 

HALL OF FAME RESORT & ENTERTAINMENT COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

 

    For the Three Months Ended
March 31,
 
    2021     2020  
             
Cash Flows From Operating Activities            
Net loss   $ (126,097,471 )   $ (13,137,842 )
Adjustments to reconcile net loss to cash flows used in operating activities                
Depreciation expense     2,920,937       2,722,120  
Amortization of note discounts     1,234,114       3,234,413  
Prepaid rent     -       (1,463,093 )
Interest paid in kind     550,949       552,903  
Gain on forgiveness of debt     (390,400 )     -  
Change in fair value of warrant liability     116,351,000       -  
Stock-based compensation expense     1,386,543       -  
Changes in operating assets and liabilities:                
Accounts receivable     588,311       239,783  
Prepaid expenses and other assets     (4,953,777 )     (4,670 )
Accounts payable and accrued expenses     (2,554,866 )     (275,749 )
Due to affiliates     199,312       2,294,821  
Other liabilities     (375,357 )     1,367,740  
Net cash used in operating activities     (11,140,705 )     (4,469,574 )
                 
Cash Flows From Investing Activities                
Additions to project development costs and property equipment     (16,826,627 )     (7,164,875 )
Net cash used in investing activities     (16,826,627 )     (7,164,875 )
                 
Cash Flows From Financing Activities                
Proceeds from notes payable     5,100,000       19,109,624  
Repayments of notes payable     (2,777,154 )     (1,825,630 )
Payment of financing costs     (15,000 )     (134,243 )
Proceeds from equity raises     31,746,996       -  
Amounts due from exercise of warrants from transfer agent     3,450,015       -  
Proceeds from exercise of warrants     18,957,562       -  
Net cash provided by financing activities     56,462,419       17,149,751  
                 
Net increase in cash and restricted cash     28,495,087       5,515,302  
                 
Cash and restricted cash, beginning of year     40,053,461       8,614,592  
                 
Cash and restricted cash, end of year   $ 68,548,548     $ 14,129,894  
                 
Cash   $ 50,320,435     $ 911,015  
Restricted Cash     18,228,113       13,218,879  
Total cash and restricted cash   $ 68,548,548     $ 14,129,894  

 

5

 

 

Non-GAAP Financial Measures

 

The Company reports its financial results in accordance with accounting principals generally accepted in the United States (“GAAP”) and corresponding metrics as non-GAAP financial measures. The presentation includes references to the following non-GAAP financial measures: EBITDA and adjusted EBITDA. These are important financial measures used in the management of the business, including decisions concerning the allocation of resources and assessment of performance. Management believes that reporting these non-GAAP financial measures is useful to investors as these measures are representative of the company’s performance and provide improve comparability of results. See the table below for the definitions of the non-GAAP financial measures referred to above and corresponding reconciliations of these non-GAAP financial measures to the most comparable GAAP financial measures. Non-GAAP financial measures should be viewed as additions to, and not as alternatives for HOFV’s results prepared in accordance with GAAP. In additional, the non-GAAP measures HOFV uses may differ from non-GAAP measures used by other companies, and other companies may not define the non-GAAP measures the company uses in the same way.

 

    For the Three Months Ended
March 31,
 
    2021     2020  
Adjusted EBITDA Reconcilliation            
Net loss attributable to HOFRE stockholders   $ (126,147,182 )   $ (13,137,842 )
(Benefit from) provision for income taxes     -       -  
Interest expense     955,308       2,010,010  
Depreciation expense     2,920,937       2,722,120  
Amortization of note discounts     1,234,114       3,234,413  
EBITDA     (121,036,823 )     (5,171,299 )
                 
Gain on forgiveness of debt     (390,400 )     -  
Change in fair value of warrant liability     116,351,000       -  
Adjusted EBITDA   $ (5,076,223 )   $ (5,171,299 )

 

6

 

 



Exhibit 99.2

 

First Quarter Fiscal 2021 Earnings Supplementary Information May 14, 2021

 

 

We are a multi - dimensional sports & entertainment company , poised to produce substantial growth. + + Themed, Experiential Destination Assets Themed Attractions Hospitality Live Entertainment Media Gaming Original Content Youth Sports Sponsorships Fantasy Sports eGaming Sports Betting

 

 

CREATING A MULTI - DIMENSIONAL ENTERTAINMENT & MEDIA COMPANY Present & Future Revenue Streams Destination - Based/Physical Assets Offsite & Non - Physical Assets Synergistic Revenue Enhancement Stadium Waterpark Hotels Play - action Plaza & Retail Youth Sports Centers for Excellence & Performance Sports Betting & Fantasy Sports Sponsorships & Media

 

 

EVENTS ACHIEVED IN FIRST QUARTER 2021 Key Plays January 202 1 Partnership with Tupelo Honey to produce Inspired: Heroes of Change January 2021 Tickets.com selected as official digital ticketing provider for live events January 202 1 Announced inaugural Highway 77 music festival February 202 1 Closed $34.5M public stock offering February 2021 Announced multi - year partnership with Women’s Football Alliance to host championship week January 202 1 Collaboration with Tim Brown and Elite Holdings to develop H2H March 202 1 Signed partnership with Dolphin Entertainment to create non - fungible tokens (NFTs) March 2021 Announced cities, team names, and logos for HOFL

 

 

RECENT AND UPCOMING EVENTS Key Plays April 202 1 Announced first NFT offerings will be of Tim Brown, Doak Walker, and Earl Campbell HOFL Draft April 2021 Extended agreement with PepsiCo Beverage North America May 202 1 Launched first NFT featuring Tim Brown on OpenSea Completion of Tom Benson Hall of Fame Stadium east endzone renovation Announcement of HOFL front offices; Launch of HOFL app May 202 1 Announced 3 - year partnership with American Standard Women’s Football Alliance Championships Opening of Constellation Center for Excellence Enshrinement Weekend Highway77 Music Festival Black College Football Hall of Fame Classic

 

 

KEY FINANCIAL RESULTS Financial Results ($ in millions, except per share data) Q1 FY21 Q1 FY20 Revenue $1.9 $2.0 Loss from Operations ($7.9) ($7.9) Adjusted EBITDA ($5.1) ($5.2) Net Loss ($126.1) ($13.1) EPS ($1.67) ($2.42) *See page 10 for Adjusted EBITDA reconciliation

 

 

ANALYSIS OF EQUITY AND POTENTIAL FULLY DILUTED SHARES Equity Profile Category Amount Notes Common Shares Outstanding 94.3M As of 5/10/21 Series B Warrants 4.4M Remaining warrants not exercised; Exercise price of $1.40; November 2025 expiration Series C Warrants 10.0M Exercise price of $1.40; December 2025 expiration Total Shares Outstanding 1 108.7M As of 5/10/21 Series A Warrants 24.7M 17.4M warrants with exercise price of $11.50, convert to 1.421333 shares; July 2025 expiration Preferred Equity 2 5.4M Converts to common shares 3 years after closing Preferred Equity Warrants 2 2.5M Exercise price of $6.90 Pipe Note Convertible 3.1M Conversion price at $6.90 Other 6.3M Includes 4.0M from proposed amendment to 2020 Omnibus Plan set forth in 2021 Proxy Statement Total Fully Diluted Shares 150.7M 1 Current shares outstanding plus in - the - money warrants 2 Preferred equity was announced January 28, 2021 (8 - K filed on February 3, 2021 ); Expected to close in Q2 FY21; 5.4M shares includes potential of PIK interest at $3.06 per share Note: Figures may not add due to rounding

 

 

8 Forward - Looking Statements Certain statements made herein are “forward - looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 . Forward - looking statements may be identified by the use of words and phrases such as “opportunity,” “future,” “will,” “goal,” and “look forward” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters . These forward - looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward - looking statements . Important factors, among others, that may affect actual results or outcomes include the inability to recognize the anticipated benefits of the business combination ; costs related to the business combination ; the inability to obtain or maintain the listing of the Company’s shares on Nasdaq ; the Company’s ability to manage growth ; the Company’s ability to execute its business plan and meet its projections ; potential litigation involving the Company ; changes in applicable laws or regulations ; general economic and market conditions impacting demand for the Company’s products and services, and in particular economic and market conditions in the resort and entertainment industry ; the potential adverse effects of the ongoing global coronavirus (COVID - 19 ) pandemic on capital markets, general economic conditions, unemployment and the Company’s liquidity, operations and personnel, as well as those risks and uncertainties discussed from time to time in our reports and other public filings with the SEC . The Company does not undertake any obligation to update or revise any forward - looking statements, whether as a result of new information, future events or otherwise, except as required by law .

 

 

9 Non - GAAP Hall of Fame Resort and Entertainment Company (“HOFV”) reports its financial results in accordance with accounting principals generally accepted in the United States (“GAAP”) and corresponding metrics as non - GAAP financial measures . The presentation includes references to the following non - GAAP financial measures : EBITDA and adjusted EBITDA . These are important financial measures used in the management of the business, including decisions concerning the allocation of resources and assessment of performance . Management believes that reporting these non - GAAP financial measures is useful to investors as these measures are representative of the company’s performance and provide improve comparability of results . See the attached scheduled for definitions of the non - GAAP financial measures referred to above and corresponding reconciliations of these non - GAAP financial measures to the most comparable GAAP financial measures . Non - GAAP financial measures should be viewed as additions to, and not as alternatives for HOFV’s results prepared in accordance with GAAP . In additional, the non - GAAP measures HOFV uses may differ from non - GAAP measures used by other companies, and other companies may not define the non - GAAP measures the company uses in the same way .

 

 

Non - GAAP Reconciliation Adjusted EBITDA reconciliation ($ in millions) 3 Months Ended March 31, 2021 3 Months Ended March 31, 2020 Net loss attributable to HOFRE stockholders ($126.1) ($13.1) (Benefit from) provision for income taxes - - Interest expense 1.0 2.0 Depreciation expense 2.9 2.7 Amortization of note discounts 1.2 3.2 EBITDA (121.0) (5.2) Gain on forgiveness of debt (0.4) - Change in fair value of warrant liability 116.4 - Adjusted EBITDA ($5.1) ($5.2)

 

 

11 WHAT WE DO Who We Are As a world - class resort and sports entertainment company, we do what no other company can through our unique brand partnerships and direct access to exclusive content. By doing this, we create exceptional experiences across multiple platforms that honor the past and inspire the future . With this unwavering purpose, we strive to maximize shareholder value and pursue excellence. Honor the Past , Inspire the Future

 

 

For more information, please contact: Investor Relations (330) - 458 - 9176 Investor.Relations@hofreco.com 2626 Fulton Drive NW Canton, OH 44718 www.ir.hofreco.com

 



v3.21.1
Cover
May 14, 2021
Schedule of Capitalization, Equity [Line Items]  
Document Type 8-K
Amendment Flag false
Document Period End Date May 14, 2021
Entity File Number 001-38363
Entity Registrant Name HALL OF FAME RESORT & ENTERTAINMENT COMPANY
Entity Central Index Key 0001708176
Entity Tax Identification Number 84-3235695
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 2626 Fulton Drive NW
Entity Address, City or Town Canton
Entity Address, State or Province OH
Entity Address, Postal Zip Code 44718
City Area Code (330)
Local Phone Number 458-9176
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Entity Ex Transition Period false
Common Stock, $0.0001 par value per share  
Schedule of Capitalization, Equity [Line Items]  
Title of 12(b) Security Common Stock, $0.0001 par value per share
Trading Symbol HOFV
Security Exchange Name NASDAQ
Warrants to purchase 1.421333 shares of Common Stock  
Schedule of Capitalization, Equity [Line Items]  
Title of 12(b) Security Warrants to purchase 1.421333 shares of Common Stock
Trading Symbol HOFVW
Security Exchange Name NASDAQ


This regulatory filing also includes additional resources:
ea140944ex99-2_halloffame.pdf
Hall of Fame Resort and ... (NASDAQ:HOFV)
Historical Stock Chart
From Jul 2021 to Aug 2021 Click Here for more Hall of Fame Resort and ... Charts.
Hall of Fame Resort and ... (NASDAQ:HOFV)
Historical Stock Chart
From Aug 2020 to Aug 2021 Click Here for more Hall of Fame Resort and ... Charts.