secwatch / observer
8-K filed April 8, 2024, 7:59 PM ET CIK 0001708176
debt confidence high sentiment neutral materiality 0.65

Hall of Fame Resort extends ~$40.9M debt maturity to March 2025, raises ATM agent fees to 4%

Hall of Fame Resort & Entertainment Co

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Hall of Fame Resort & Entertainment Co amended Amendment No. 2 to the Equity Distribution Agreement with Wedbush Securities Inc.; Maxim Group LLC valued at Increased agent compensation from up to 2.0% to up to 4.0% of aggregate gross offering proceeds; rem (effective 2024-04-08).

Action
amendment
Agreement
atm program
Counterparty
Wedbush Securities Inc.; Maxim Group LLC
Value
Increased agent compensation from up to 2.0% to up to 4.0% of aggregate gross offering proceeds; rem
Effective
2024-04-08
Exact text from the filing
On April 8, 2024, Hall of Fame Resort & Entertainment Company (the “Company”) and Wedbush Securities Inc. (“Wedbush”) and Maxim Group LLC (“Maxim” and, together with Wedbush, the “Agents”) entered into an Amendment No. 2 to the Equity Distribution Agreement, dated as of September 30, 2021, as amended by Amendment No. 1 dated October 6, 2023, among the Company and Wedbush and Maxim (the “Equity Distribution Agreement Amendment”) pursuant to which the Company may offer and sell shares of Common Stock from time to time through Wedbush and Maxim in an “at the market offering” (the “ATM Facility”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Hall of Fame Resort & Entertainment Co amended Omnibus Extension of Certain Debt Instruments with CH Capital Lending, LLC; IRG, LLC; JKP Financial, LLC; Midwest Lender Fund, LLC valued at Maturity date extended from March 31, 2024 to March 31, 2025; extension fee of 1% of outstanding pri (effective 2024-03-31).

Action
amendment
Agreement
credit facility
Counterparty
CH Capital Lending, LLC; IRG, LLC; JKP Financial, LLC; Midwest Lender Fund, LLC
Value
Maturity date extended from March 31, 2024 to March 31, 2025; extension fee of 1% of outstanding pri
Effective
2024-03-31
Exact text from the filing
On April 7, 2024, the Hall of Fame Resort & Entertainment Company (the “Company”) and HOF Village Newco, LLC (“Newco,” and collectively with the Company “Borrower”) entered into a formal omnibus extension of certain debt instruments, effective March 31, 2024 (“Omnibus Extension”) with CH Capital Lending, LLC, a Delaware limited liability company (“CHCL”), IRG, LLC, a Nevada limited liability company (“IRGLLC”), JKP Financial, LLC, a Delaware limited liability company (“JKP”), and Midwest Lender Fund, LLC, a Delaware limited liability company (“MLF” individually; IRGLLC, CHCL, JKP, and MLF referred to collectively as “Lenders”).
View on SEC.gov

419 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR
accession 0001213900-24-031264
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