Item 8.01 Other Events.
On
The press release is attached as Exhibit 99.1 hereto and is incorporated into this Item 8.01 by reference.
Additional Information
In connection with the proposed business combination between the Company and
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 such as "anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that predict or indicate future
events or trends or that are not statements of historical matters. Such
forward-looking statements include timing of the proposed merger; the business
plans, objectives, expectations and intentions of the parties once the
transaction is complete, and Holding's, the Company's and HOFV's estimated and
future results of operations, business strategies, competitive position,
industry environment and potential growth opportunities, relating to the
acquired business. These forward-looking statements reflect the current analysis
of existing information and are subject to various risks and uncertainties. As a
result, caution must be exercised in relying on forward-looking statements. Due
to known and unknown risks, our actual results may differ materially from our
expectations or projections. The following factors, among others, could cause
actual results to differ materially from those described in these
forward-looking statements: the impact of the Coronavirus on the Company and
HOFV, the occurrence of any event, change or other circumstances that could give
rise to the termination of the Merger Agreement and the proposed transaction
contemplated thereby; the inability to complete the transactions contemplated by
the Merger Agreement due to the failure to obtain approval of the stockholders
of the Company or other conditions to closing in the Merger Agreement; the
outcome of any legal proceedings that have been, or will be, instituted against
the Company or other parties to the Merger Agreement following announcement of
the Merger Agreement and transactions contemplated therein; the ability of
Holding's to meet NASDAQ listing standards following the merger and in
connection with the consummation thereof; the failure to obtain the financing
arrangements necessary to complete the development of the project; the failure
to achieve the assumptions underlying certain of the financial projections
included within the investor presentation including, among others, securing the
timely financing for, and achieving construction of, the second phase of the
project within assumed time and financial budget, and achieving expected
attendance and occupancy rates; risks that the proposed transaction disrupts
current plans and operations and the potential difficulties in employee
retention as a result of the announcement of the Merger Agreement and
consummation of the transaction described therein; costs related to the proposed
merger and the impact of the substantial indebtedness to be incurred to finance
the consummation of the merger; changes in applicable laws or regulations; the
ability of the combined company to meet its financial and strategic goals, due
to, among other things, competition, the ability of the combined company to grow
and manage growth profitability, maintain relationships with customers and
retain its key employees; the possibility that the combined company may be
adversely affected by other economic, business, and/or competitive factors; and
other risks and uncertainties described herein, as well as those risks and
uncertainties discussed from time to time in other reports and other public
filings with the
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Participants in the Solicitation
The Company, Holdings, HOFV, Newco and their respective directors, executive
officers and other members of their management and employees, under
Non-Solicitation
This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Description 99.1 Press release datedJune 5, 2020 2
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