Item 8.01 Other Events.
On December 4, 2020, Hall of Fame Resort & Entertainment Company (the "Company")
closed the sale of an additional 2,678,571 shares of its common stock, par value
$0.0001 per share (the "Common Stock"), to Maxim Group, LLC (the "Underwriter")
as a result of the Underwriter's exercise in full of its over-allotment option
(the "Over-Allotment Option") in connection with the Company's previously
disclosed public offering that initially closed on November 18, 2020 (the
"Offering"). The Company sold the Common Stock to the Underwriters at a price of
$1.39 per share, resulting in gross proceeds to the Company, before underwriting
discounts and commissions and estimated offering expenses, of approximately
$3,723,214 and bringing the total gross proceeds of the Offering to
approximately $28,749,998.
The Offering was conducted pursuant to the Company's registration statements on
Form S-1 (File Nos. 333- 249133 and 333-250119), as amended, that were
previously filed with the Securities and Exchange Commission and are effective.
A copy of the press release announcing the closing of the Over-Allotment Option
is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Document
99.1 Press Release dated December 4, 2020
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
1
© Edgar Online, source Glimpses