other_material
confidence high
sentiment negative
materiality 0.95
Hall of Fame Resort receives Nasdaq delisting notice; will not appeal; stock to trade OTC
Hall of Fame Resort & Entertainment Co
- Received Nasdaq delisting notice on June 18, 2025 for failing to hold annual meeting by June 30, 2025 (Rule 5620(a)).
- Company will not appeal; trading of common stock expected to be suspended at open on June 27, 2025.
- Following suspension, Nasdaq will file Form 25-NSE to delist; company expects to trade on OTC Markets.
- Entered Eighth Amendment to Note increasing facility from $12M to $14M; additional $2M for general corporate purposes.
- Lender CH Capital Lending, LLC is an affiliate of director Stuart Lichter; amendment signed June 18, 2025.
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