CANTON,
Ohio, Oct. 10, 2023 /PRNewswire/ -- Hall of Fame
Resort & Entertainment Company ("HOFV" or the "Company")
(NASDAQ:HOFV, HOFVW), the only resort, entertainment and media
company centered around the power of professional football, today
announced that it has commenced an underwritten public offering of
shares of its common stock and warrants to purchase shares of
common stock (the "Offering"). All of the shares of common stock
and warrants and the shares of common stock underlying the warrants
are being offered by HOFV. The offering is subject to market and
other conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or
terms of the offering.
Maxim Group LLC is acting as the sole book-runner for the
offering.
The Offering is being made pursuant to an effective shelf
registration statement on Form S-3 (File No. 333-259242) previously
filed with the U.S. Securities and Exchange Commission ("SEC"),
which was declared effective on September
14, 2021. The shares may be offered only by means of the
written prospectus supplement and the accompanying prospectus that
form a part of the registration statement. A preliminary prospectus
supplement and the accompanying prospectus relating to and
describing the terms of the public offering have been filed with
the SEC and are available on the SEC's website at www.sec.gov. When
available, copies of the preliminary prospectus supplement and
accompanying prospectus relating to the public offering may also be
obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th
Floor, New York, NY 10022,
Attention: Prospectus Department, or by telephone at (212) 895-3745
or by email at syndicate@maximgrp.com. Before you invest, you
should read the preliminary prospectus supplement and accompanying
prospectus, together with the information incorporated therein, for
more complete information about HOFV and the proposed offering. The
final terms of the offering will be disclosed in a final prospectus
supplement to be filed with the SEC.
This press release does 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.
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 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
Safe Harbor
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," "enable," "pipeline,"
"transition," "move forward," "towards," "build out," "coming" 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, which could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors that may affect actual results or
outcomes include, among others, the Company's ability to manage
growth; the Company's ability to execute its business plan and meet
its projections, including obtaining financing to construct planned
facilities; 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 effects of the ongoing
global coronavirus (COVID-19) pandemic on capital markets, general
economic conditions, unemployment and the Company's liquidity,
operations and personnel; increased inflation; the inability to
maintain the listing of the Company's shares on Nasdaq; and 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.
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SOURCE Hall of Fame Resort & Entertainment Company