Hall of Fame Resort & Entertainment Co: debt financing — HOFV merger at risk; special meeting adjourned; lender ups facility by $2M to $17M

Hall of Fame Resort & Entertainment Co

Stockholders approved compensation and adjournment proposals; merger vote adjourned to Sept 24.
Tenth Amendment increases facility from $15M to $17M; collateral may transfer on default.
Buyer parties extended merger termination date to Sept 30; forbearance until then.
Company warns unresolved defaults could cause insolvency and going concern issues.
Interim CEO Lisa Gould signed the filing; no CEO replacement named.

item 1.01 item 2.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Hall of Fame Resort & Entertainment Co amended credit facility of increase the facility amount from $15,000,000 to $17,000,000 with CH Capital Lending, LLC.

Instrument: credit facility
Principal: increase the facility amount from $15,000,000 to $17,000,000
Counterparty: CH Capital Lending, LLC
Event: amendment

Exact text from the filing

the definition of “Facility Amount” in Section 1 of the original Note and Security Agreement (as amended prior to the Tenth Amendment) to increase the facility amount from $15,000,000 to $17,000,000 allowing the Borrowers to request an additional $2,000,000 for general corporate purposes, subject to certain restrictions. Additionally, the Tenth Amendment

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Source: SEC EDGAR

accession 0001140361-25-035156

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