STOCK TITAN

[8-K] Hall of Fame Resort & Entertainment Co Reports Material Event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Hall of Fame Resort & Entertainment Company amended its Note and Security Agreement with CH Capital Lending, LLC through a Thirteenth Amendment. The change redefines the “Maturity Date” to occur on the earliest of: the closing of the transactions under the Agreement and Plan of Merger dated May 7, 2025, the “Termination Date” defined in that merger agreement, or an Event of Default.

The borrowers include the Company and subsidiaries HOF Village Newco, LLC, HOF Village Retail I, LLC, and HOF Village Retail II, LLC. CH Capital Lending is an affiliate of director Stuart Lichter. This adjustment ties the debt timeline directly to the merger process and default triggers.

Positive

  • None.

Negative

  • None.

Insights

Maturity now hinges on merger outcomes or default; neutral impact.

The amendment links the note’s maturity to three specific triggers: the merger’s closing, the merger agreement’s “Termination Date,” or an Event of Default. This structure aligns the debt timetable with corporate transaction milestones, reducing ambiguity about a fixed calendar maturity.

Because maturity can accelerate if the merger terminates or a default occurs, short-term refinancing pressure could rise depending on outcomes. The lender is an affiliate of a board director, which is disclosed and typical of related-party financing but may prompt governance attention.

Key items are the merger agreement dated May 7, 2025 and the amendment’s effectiveness on October 31, 2025. Subsequent filings may provide details on any transaction closing or termination that would fix the maturity event.


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 31, 2025

HALL OF FAME RESORT & ENTERTAINMENT COMPANY
(Exact name of registrant as specified in its charter)

Delaware
 
001-38363
 
84-3235695
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)

2014 Champions Gateway, Suite 100
Canton, OH 44708
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (330) 458-9176

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:

Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, $0.0001 par value per share
 
HOFV
 
OTC Pink Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 1.01.
Entry into a Material Definitive Agreement.

On October 31, 2025, Hall of Fame Resort & Entertainment Company, a Delaware corporation (the “Company”), and its subsidiaries HOF Village Newco, LLC, a Delaware limited liability company, HOF Village Retail I, LLC, a Delaware limited liability company, and HOF Village Retail II, LLC, a Delaware limited liability company, entered into a Thirteenth Amendment (“Thirteenth Amendment”) to Note and Security Agreement (“Note”), with CH Capital Lending, LLC, a Delaware limited liability company (“CHCL”). CHCL is an affiliate of Stuart Lichter, a director of the Company.

The Thirteenth Amendment modifies the definition of “Maturity Date” in Section 1 of the Note (as amended prior to the Thirteenth Amendment) to mean the earliest to occur of (i) the closing of the transactions contemplated by that certain Agreement and Plan of Merger, dated May 7, 2025, by and among the Company, HOFV Holdings, LLC, Omaha Merger Sub, Inc., and CHCL solely as guarantor (the “Merger Agreement”), (ii) the Termination Date (as defined in the Merger Agreement), and (iii) the occurrence of an Event of Default (as defined in the Note).

The foregoing description of the Thirteenth Amendment does not purport to be complete and is qualified in its entirety by the full text of the Thirteenth Amendment, attached hereto as Exhibit 10.1 to this Current Report on Form 8-K.

Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 2.03.

Item 9.01
Financial Statements and Exhibits.

(d) Exhibits

Exhibit
No.
 
Description
10.1
 
Thirteenth Amendment to Note & Security Agreement, effective October 31, 2025, between Hall of Fame Resort & Entertainment Company, HOF Village Newco, LLC, HOF Village Retail I, LLC and HOF Village Retail II, LLC, as borrowers and CH Capital Lending, LLC, as lender
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
HALL OF FAME RESORT & ENTERTAINMENT COMPANY
     
 
By:
/s/ Lisa Gould
   
Name:
Lisa Gould
   
Title:
Interim Chief Executive Officer
     
Dated: November 6, 2025
   



Hall Of Fame Resort & Entmt Co

OTC:HOFV

HOFV Rankings

HOFV Latest News

HOFV Latest SEC Filings

HOFV Stock Data

5.85M
4.87M
27.3%
3.66%
8.69%
Entertainment
Services-miscellaneous Amusement & Recreation
Link
United States
CANTON