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Hall of Fame Resort & Entertainment Co.

09/28/2021 | Press release | Distributed by Public on 09/28/2021 14:14

Unregistered Sales of Equity Securities (Form 8-K)

Unregistered Sales of Equity Securities.

On September 22, 2021, Hall of Fame Resort & Entertainment Company (the "Company") issued to American Capital Center, LLC (the "Investor") 900 shares (the "Shares") of 7.00% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") at a price of $1,000 per share for an aggregate purchase price of $900,000. The Company will pay the Investor an origination fee of 2% of the aggregate purchase price. The issuance and sale of the Shares to the Investor is exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"). The Investor has represented to the Company that it is an "accredited investor" as defined in Rule 501 of the Securities Act and that the Shares are being acquired for investment purposes and not with a view to, or for sale in connection with, any distribution thereof.

Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Document
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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