---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-031264"
form_type: "8-K"
ticker: null
cik: "0001708176"
company_name: "Hall of Fame Resort & Entertainment Co"
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:26:32.676411+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Extended maturity of six IRG debt instruments from March 31, 2024 to March 31, 2025 with a 1% extension fee capitalized and added to principal.
- Related-party lender Stuart Lichter (director) is President of IRG, LLC and Midwest Lender Fund and a director of CHCL.
- Amendment No. 2 to Equity Distribution Agreement increases agent compensation from 2% to 4% of gross proceeds from ATM sales.
- Remaining capacity under the ATM facility is up to approximately $14.7 million in aggregate gross sales price.
- Interest on the extended debt continues to accrue at existing rates until the new maturity date.

## SEC filing metadata
- accession: 0001213900-24-031264
- form_type: 8-K
- cik: 0001708176
- company_name: Hall of Fame Resort & Entertainment Co
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1708176/000121390024031264/0001213900-24-031264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1708176/000121390024031264/ea0203409-8k_hallof.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-031264
- JSON: https://secwatch.observer/filing/0001213900-24-031264.json
- Plain text: https://secwatch.observer/filing/0001213900-24-031264.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1708176/000121390024031264/0001213900-24-031264-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1708176/000121390024031264/0001213900-24-031264-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.