Hall of Fame Resort & Entertainment Company - HOFV STOCK NEWS

Hall of Fame Resort & Entertainment Company (HOFV) announced a public offering of 17,857,142 units at $1.40 each, aiming for gross proceeds of approximately $25 million. Each unit comprises one share of common stock and one warrant, immediately exercisable at the same price. The offering is expected to close around November 18, 2020. Additionally, Maxim Group LLC has a 45-day option to buy an extra 2,678,571 shares or warrants. The offering is registered with the SEC under Form S-1.

Hall of Fame Resort & Entertainment Company (HOFV) reports successful outcomes from its inaugural NFL Alumni Academy, which trains aspiring professional football players. Ten participants have secured workouts or signed contracts with NFL teams, including players from various franchises. The Academy, based at the Tom Benson Hall of Fame Stadium in Canton, Ohio, offers elite coaching from former NFL personnel. The program aims to prepare players with competitive advantages necessary for success in the NFL.

Hall of Fame Resort & Entertainment Company (HOFV) announces a partnership with Dr. Jen Welter, the first female NFL coach, to enhance its events and media divisions. Dr. Welter will serve as a brand ambassador, hosting live events and leading the Grrridiron Girls™ football camps at the Hall of Fame Village. The collaboration aims to promote female participation in football and youth sports, leveraging HOFV's facilities and media capabilities. Dr. Welter's experience includes coaching in the NFL and founding the Grrridiron Girls™ camps, emphasizing empowerment and inclusion for women in sports.

Hall of Fame Resort & Entertainment Company (HOFV) has partnered with WaV and Sports Illustrated Studios to produce an exclusive docuseries focused on the NFL Alumni Academy, a player development initiative by the NFL Alumni Association. This media partnership aims to enhance HOFV's media division and support its long-term strategic objectives. The collaboration highlights HOFV's commitment to leveraging professional football's popularity for business growth.

Hall of Fame Resort & Entertainment Company (HOFV) filed its Quarterly Report on Form 10-Q for the period ending September 30, 2020. During this quarter, the company invested $16 million as part of a total $250 million development initiative. Key progress included groundbreaking for the Constellation Center for Excellence, renovations to the DoubleTree hotel, and partnerships with Shula's Steakhouse and Top Golf. The company also launched the NFL Alumni Academy and rebranded its fantasy football league, aiming to enhance its sports and entertainment offerings.

The Hall of Fame Resort & Entertainment Company (HOFV) plans to release its third-quarter financial report on November 4, 2020, after market close. A conference call is scheduled for November 5, 2020, at 8:30 a.m. ET to discuss the company's performance and recent developments. The live call can be accessed via toll-free numbers for the U.S. and international participants, with a replay available until February 5, 2021. HOFV, centered around professional football, owns the Hall of Fame Village in Canton, Ohio.

Hall of Fame Resort & Entertainment Company (HOFV) has appointed Spectra Partnerships as its official partner for sponsorship consulting. Spectra will help identify and cultivate naming rights and sponsorship opportunities to generate new revenue across HOFV’s events, media, and gaming sectors. With a track record of securing over 40 naming rights partnerships, Spectra aims to leverage its relationships with leading brands to enhance HOFV's offerings. CEO Michael Crawford expressed optimism about the partnership driving additional sponsorships, capitalizing on ties with the Pro Football Hall of Fame and NFL Alumni Association.

Hall of Fame Resort & Entertainment Company (HOFV) has announced a partnership with Topgolf Entertainment Group to feature Topgolf Swing Suites at its Hall of Fame Village in Canton, Ohio. This virtual experience, opening in Q4 2021, will comprise multiple indoor luxury bays within a 10,000-square-foot venue. It aims to attract sports fans with immersive games such as the Quarterback Challenge and iconic golf courses. The Retail Promenade will enhance the visitor experience, featuring various dining and entertainment options, further solidifying Canton as a premier sports destination.

Hall of Fame Resort & Entertainment Company (HOFV) announced the introduction of Don Shula's restaurant in Canton, Ohio. This establishment will honor Coach Shula's legacy and is set to become an anchor tenant at the Hall of Fame Village powered by Johnson Controls, expected to open in late 2021. The restaurant aims to provide a casual fine dining experience featuring diverse cuisine and memorabilia, appealing to both families and business executives. The project reflects excitement from renowned brands interested in contributing to the Hall of Fame experience.