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Stock impact report

Hall of Fame Resort & Entertainment Company Announces Closing of $25.0 Million Underwritten Public Offering

Hall of Fame Resort & Entertainment Company (HOFV) 
Company Research Source: Business Wire
CANTON, Ohio--(BUSINESS WIRE)--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 and owner of the Hall of Fame Village powered by Johnson Controls, today announced the closing of its previously announced public offering of 17,857,142 units at a price of $1.40 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock. In addition, the Company had granted to Maxim Group LLC a 45-day option to purchase up to an additional 2,678,571 shares of common stock and/or warrants to purchase up to 2,678,571 shares of common stock at the public offering price less discounts and commissions, of which Maxim Group LLC has exercised its option to purchase warrants to purchase up to 2,678,571 shares of common stock. Gross proceeds, before underwriting discounts and commissions and estimated offering expens Show less Read more
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