HOFV secures $9.9M waterpark financing; GC resigns; FY2024 rev guidance $24-27M

Hall of Fame Resort & Entertainment Co

HOF Village Waterpark obtained $9.9M from Constellation for energy-efficient waterpark construction; 60 monthly payments of $216,467.
GC Tara Charnes resigned eff. Aug 31, 2024, for personal reasons; will consult through Dec 2024 at $10K/month plus bonus.
FY2024 guidance: revenue $24M-$27M, adjusted EBITDA loss in mid-teens (improving from FY2023 loss of $25.5M).
Long-term target of $150M revenue and $50M adjusted EBITDA upon stabilization.
Sports betting compliance deadline extended to Dec 31, 2027, giving HOFV more time to launch on-campus retail sportsbook.

item 1.01 item 2.03 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Tara Charnes

General Counsel and Corporate Secretary

Hall of Fame Resort & Entertainment Co

Effective: 2024-08-31
Filed: June 21, 2024, 7:59 PM ET

On June 17, 2024, Tara Charnes notified the Company of her resignation from the office of General Counsel and Corporate Secretary of the Company for personal reasons, effective as of August 31, 2024

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Tara Charnes resigned as General Counsel and Corporate Secretary at Hall of Fame Resort & Entertainment Co.

Action: resigned
Role: General Counsel and Corporate Secretary

Exact text from the filing

On June 17, 2024, Tara Charnes notified the Company of her resignation from the office of General Counsel and Corporate Secretary of the Company for personal reasons, effective as of August 31, 2024

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Source: SEC EDGAR

accession 0001213900-24-054900

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