[Form 4] Hall of Fame Resort & Entertainment Co Insider Trading Activity
Rhea-AI Filing Summary
Hall of Fame Resort & Entertainment Company disclosed that an officer serving as Interim PFO reported the cash-out of their remaining common stock in connection with the company’s merger into a wholly owned subsidiary of HOFV Holdings, LLC. The transaction date is listed as 12/31/2025.
According to the filing, Omaha Merger Sub, Inc. merged with and into the company, with Hall of Fame Resort & Entertainment surviving as a wholly owned subsidiary of Parent. At the effective time of the merger, each share of common stock with a par value of $0.0001 was converted into the right to receive a cash payment of $0.90 per share, without interest and subject to applicable taxes.
The reporting officer disposed of 2,902 shares of common stock in this merger-related transaction and now reports owning 0 shares, meaning they no longer beneficially own any of the company’s common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 2,902 | $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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