Hall of Fame Resort & Entertainment Co: debt financing — HOFV raises facility to $5.15M, gets Nasdaq extension for annual meeting

Hall of Fame Resort & Entertainment Co

Borrowed additional $1M from CH Capital Lending (affiliate of director Stuart Lichter), increasing facility to $5.15M.
Proceeds for general corporate purposes.
Nasdaq granted extension until June 30, 2025 to hold annual meeting and regain compliance with Listing Rule 5620(a).
Company submitted compliance plan on Feb 18, 2025; originally noncompliant since fiscal year end.

item 1.01 item 2.03 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 $5,150,000 with CH Capital Lending, LLC.

Instrument: credit facility
Principal: $5,150,000
Counterparty: CH Capital Lending, LLC
Event: amendment

Exact text from the filing

The Third Amendment modifies the definition of “Facility Amount” in Section 1 of the original note and security agreement (as amended prior to the Third Amendment) to increase the facility amount from $4,150,000 to $5,150,000 allowing the Borrowers to request an additional $1,000,000 for general corporate purposes, subject to certain restrictions.

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Source: SEC EDGAR

accession 0001213900-25-018037

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