Hall of Fame Resort & Entertainment stock plummets after large stock offering prices at deep discount [MarketWatch]
Hall of Fame Resort & Entertainment Company (HOFV)
Company Research
Source: MarketWatch
Shares of Hall of Fame Resort & Entertainment Co. plummeted 54.0% toward a record low on heavy volume in morning trading Monday, after the resort, entertainment and media company centered around professional football announce the pricing of a large public offering of stock at a substantial discount. Volume spiked to 15.0 million shares, compared with the full-day average of about 4.2 million shares. The company said it's public offering of 17.86 million units, which consisted of one common stock and one warrant immediately exercisable to buy on share of common stock, priced at $1.40 per unit. The price per unit was 43.8% below Friday's stock closing price of $2.49. The company had 32.74 million shares outstanding as of Nov. 3. Earlier this month, the stock had soared after the company announced a media deal with Sports Illustrated Studios, which overshadowed the "going concern" language the company added to its quarterly filing. The stock, which went public on July 2, has plunged 73.3
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HOFV
News
- One Forecaster Is Now More Bearish On Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) Than They Used To Be [Yahoo! Finance]Yahoo! Finance
- Analysts Have Lowered Expectations For Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) After Its Latest Results [Yahoo! Finance]Yahoo! Finance
- Hall of Fame Resort & Entertainment Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Hall of Fame Resort & Entertainment Company Announces Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
HOFV
Sec Filings
- 4/8/24 - Form 8-K
- 4/8/24 - Form 424B5
- 3/25/24 - Form 10-K
- HOFV's page on the SEC website