Hall of Fame Resort (HOFV) director exits stake as merger pays $0.90
Rhea-AI Filing Summary
Hall of Fame Resort & Entertainment Co. completed a merger in which Omaha Merger Sub, Inc. merged with and into the company, leaving it as a wholly owned subsidiary of HOFV Holdings, LLC. This filing shows a director disposing of 36,635 shares of common stock on 12/31/2025.
At the effective time of the merger, each share of common stock was converted into the right to receive a cash payment of $0.90 per share, before taxes and without interest. As a result of this cash‑out transaction, the reporting director no longer beneficially owns any shares of the company’s common stock.
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Insights
Director’s shares were cashed out at $0.90 due to merger.
This Form 4 records the impact of a completed merger on an insider’s holdings in Hall of Fame Resort & Entertainment Co.. Omaha Merger Sub, Inc. merged into the company, which now operates as a wholly owned subsidiary of HOFV Holdings, LLC.
On 12/31/2025, the director’s 36,635 shares of common stock were disposed of as part of the transaction. Each share was converted into the right to receive a cash payment of $0.90 per share, before taxes and without interest.
After this cash consideration was applied, the reporting person no longer beneficially owns any shares of the company’s common stock. The filing reflects completion of previously agreed merger terms rather than a new strategic decision.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 36,635 | $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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