secwatch.observer — SEC 8-K summary
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Issuer:     Hall of Fame Resort & Entertainment Co (—)
CIK:        0001708176
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001213900-24-018617
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HOF Resort amends waterpark ground lease, receives $3.5M funding, issues warrant for 890K shares
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- Landlord (Blue Owl affiliate) provides $2.5M under First Amendment and $1.0M under Second Amendment to water park subsidiary for taxes, construction, expenses.
- Base rent increased; additional mortgage on certain parcels granted to secure advances under Second Amendment.
- Company issues Series H warrant to landlord for 890,313 common shares, exercisable upon default or after return of 90% of warrants.
- Guarantor pledges its 20% membership interest in Sandlot HOFV Canton SC (sports complex) as collateral.
- Tenant retains right to repay $2.82M (First) and $1.13M (Second) after water park completion to revert rent and release collateral.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1708176/000121390024018617/0001213900-24-018617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1708176/000121390024018617/ea0200951-8k_halloffame.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-018617

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