Hall of Fame Resort (HOFV) director exits stake as shares cashed out at $0.90
Rhea-AI Filing Summary
Hall of Fame Resort & Entertainment Company director Marcus Allen LaMarr reported the disposition of his common stock in connection with the company’s merger. On 12/31/2025, LaMarr’s 32,558 shares of common stock were converted in the merger into the right to receive a cash payment of $0.90 per share, before taxes and without interest. The merger combined Hall of Fame Resort & Entertainment Company with a subsidiary of HOFV Holdings, LLC, leaving the company as a wholly owned subsidiary of HOFV Holdings. Following this transaction, LaMarr reported beneficial ownership of 0 shares of Hall of Fame Resort & Entertainment Company common stock.
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Insights
Director’s 32,558 HOFV shares were cashed out at $0.90 per share in the merger, leaving him with no remaining stake.
This report shows how the merger of Hall of Fame Resort & Entertainment Company with a subsidiary of HOFV Holdings, LLC affected one director’s holdings. Marcus Allen LaMarr’s 32,558 common shares were converted into the right to receive $0.90 per share in cash as of 12/31/2025, consistent with the merger terms.
The filing highlights that, after the merger, the company became a wholly owned subsidiary of HOFV Holdings, and LaMarr reported beneficial ownership of 0 shares. This is a routine consequence of a cash merger, where public shareholders’ stock is converted into cash at a fixed price. The economic impact for LaMarr is defined by the agreed merger consideration of $0.90 per share rather than any discretionary trading decision.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 32,558 | $0.00 | $0.00 |
Footnotes (2)
- F1. Pursuant to the Agreement and Plan of Merger, dated as of May 7, 2025 (the "Merger Agreement"), by and among Hall of Fame Resort & Entertainment Company (the "Company"), HOFV Holdings, LLC, a Delaware limited liability company ("Parent"), Omaha Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), and, solely as guarantor of certain of Parent's obligations under the Merger Agreement, CH Capital Lending, LLC, a Delaware limited liability company, Merger Sub merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent.
- F2. At the effective time of the Merger, each share of the Company's common stock, par value $0.0001 (the "Common Stock"), reported in this row was converted into the right to receive a cash payment (without interest and subject to applicable taxes) equal to the per share merger consideration of $0.90. As a result of the Merger, Reporting Person no longer beneficially owns, directly or indirectly, any shares of the Company's Common Stock.
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FAQ
What transaction did the HOFV director report on this Form 4?
The filing shows that director Marcus Allen LaMarr had his 32,558 shares of Hall of Fame Resort & Entertainment Company common stock converted into a cash right as part of a merger completed on 12/31/2025.
What changed for Hall of Fame Resort & Entertainment Company in this merger?
Under the Agreement and Plan of Merger, Omaha Merger Sub, Inc. merged with and into Hall of Fame Resort & Entertainment Company, and the company survived as a wholly owned subsidiary of HOFV Holdings, LLC.
Was the director’s HOFV transaction part of a 10b5-1 trading plan?
The form includes a checkbox for indicating a Rule 10b5-1(c) trading plan. The excerpt does not show that box as checked for this merger-related share conversion.
Did this Form 4 report any derivative securities for HOFV?
The filing includes a table for derivative securities, but no derivative transactions or holdings are listed for Hall of Fame Resort & Entertainment Company in the provided excerpt.