Hall of Fame Resort & Entertainment Company Warrant - HOFVW STOCK NEWS

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has announced its participation in upcoming investor conferences. The company, focused on professional football-centered resort, entertainment, and media, will be present at two key events:

1. H.C. Wainwright's 26th Annual Global Investment Conference (September 9-11): President and CEO Michael Crawford will give a presentation and host one-on-one investor meetings.

2. Maxim Group's 2024 Gaming, Media, & Entertainment Virtual Conference (September 17): Mr. Crawford will participate in a fireside chat.

Presentation materials from these conferences will be available on the company's investor relations website: ir.hofreco.com

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) announced its Q2 2024 results, revealing a 23% decrease in revenue to $4.7 million compared to the same period last year. The company reported a net loss of $15.8 million, up from $13.6 million in Q2 2023, primarily due to increased interest and depreciation expenses. Adjusted EBITDA loss improved to $4.2 million from $6.2 million year-over-year.

Despite financial challenges, HOFV made progress in operational efficiency and its "Eat, Stay, and Play" strategy. The company secured $9.9 million in financing from Constellation for energy efficiency measures and waterpark development, and was awarded a $9.8 million grant from the State of Ohio. HOFV also restructured $21 million in debt and hosted various events, including gaming tournaments and comedy festivals.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV), focused on professional football-related resort, entertainment, and media, has announced the release date for its second quarter fiscal 2024 results. The company will disclose its financial performance for the period ended June 30, 2024, on Monday, August 12, 2024, after Nasdaq's trading hours. Following this, a conference call is scheduled for Tuesday, August 13, 2024, at 8:30 a.m. ET, where the company will provide commentary on its business operations. Investors and other interested parties can access the live webcast and replay of the conference call on the company's investor relations website at ir.hofreco.com.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) has secured $9.9 million in funding from Constellation's Efficiency Made Easy® program. This funding is earmarked for implementing energy-efficient measures and supporting the development of the Gameday Bay Waterpark. Constellation, a major carbon-free energy producer and the official energy provider of the Hall of Fame Village, has previously utilized its EME program to support the resort's infrastructure development. The funding aligns with Hall of Fame Village's Phase II asset master development plan and corporate sustainability goals, aiming to create a more sustainable and efficient energy footprint.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) announced today that Hall of Fame Village has received a $9.8 million grant from the State of Ohio. This funding is part of Ohio's One Time Strategic Community Investments. The grant supports the development of the Hall of Fame Village, a project that emphasizes the significance of professional football. CEO Michael Crawford expressed gratitude for the support from Ohio's civic leaders, including Senate President Pro Tempore Kirk Schuring, Representative Scott Oeslager, and Senate President Matt Huffman. The grant reflects the state's recognition of the Village's social and economic impact on the local community and the broader region of Northeast Ohio.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) announced that its President and CEO, Michael Crawford, will present at Singular Research's 'Summer Solstice' Conference in New York City on June 20, 2024. The company, which specializes in leveraging the appeal of professional football, will make its presentation materials available on its investor relations website.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV) reported its Q1 2024 results. Revenue increased by 34% to $4.2 million, driven by enhanced events and rental income. The net loss attributable to shareholders reduced to $14.9 million from $19.6 million, thanks to lower operating expenses. Adjusted EBITDA improved to a loss of $2.9 million from $10.9 million. Cash balance stood at $6.9 million. The company hosted numerous events and opened new tenants, adding to diversified revenue streams. Expense management strategies have been implemented to stabilize operations faster. Upcoming events feature prominent names like Carrie Underwood and Bert Kreischer.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) will release its first quarter fiscal 2024 results for the period ended March 31, 2024, on Monday, May 13, 2024. A conference call will be held on Tuesday, May 14, 2024, at 8:30 a.m. ET for business commentary.