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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 (the “Destination”), today announced the pricing of an underwritten 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. Gross proceeds, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $25.0 million.
The warrants will be immediately exercisable at a price of $1.40 per share of common stock and will expire five years from the date of issuance. The shares of common stock and the accompanying warrants, can only be purchased