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[SCHEDULE 13D/A] Hall of Fame Resort & Entertainment Co SEC Filing

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Form Type
SCHEDULE 13D/A

Amendment No. 9 to the Schedule 13D reports that certain affiliated reporting persons holding a substantial majority of Hall of Fame Resort & Entertainment Co. (HOFV) common stock have updated the filing to disclose recent communications with the issuer. The reporting group delivered a Notice of Intent to Terminate a Merger Agreement on September 5, 2025, and subsequently extended the termination date by letter to October 17, 2025.

The letter attached as Exhibit 99.59 (summarized in Item 4) reflects that Parent agreed to forbear from exercising rights and remedies under the Merger Agreement prior to October 17, 2025, unless the issuer defaults earlier on obligations other than those related to obtaining third‑party consents from holders of the issuer's 8% Convertible Notes due 2025. The filing also discloses detailed beneficial ownership positions for multiple related entities and individuals, with Lichter Stuart and affiliated entities collectively reported as beneficial owners of 73.1% of the outstanding common stock on the stated basis.

Modifica n. 9 all Schedule 13D riporta che alcuni soggetti reporting affiliati che detengono una quota sostanziale della maggioranza delle azioni ordinarie di Hall of Fame Resort & Entertainment Co. (HOFV) hanno aggiornato la presentazione per comunicare le interazioni recenti con l’emittente. Il gruppo di riportanti ha inviato una Notifica di Intento di Terminare un Accordo di Fusione il 5 settembre 2025 e successivamente ha esteso la data di terminazione tramite lettera al 17 ottobre 2025.

La lettera allegata come Allegato 99.59 (riassunta in Item 4) mostra che la capogruppo ha accettato di astenersi dall’esercizio di diritti e rimedi previsti dall’Accordo di Fusione prima del 17 ottobre 2025, salvo che l’emittente non incorra in inadempienze prima su obblighi diversi dall’ottenimento di consensi di terzi da parte dei detentori delle obbligazioni convertibili dell’emittente con tasso dell’8% in scadenza nel 2025. La presentazione rende inoltre note posizioni di ownership effettiva dettagliate per diverse entità e individui correlati, con Lichter Stuart e le entità affiliate riportate collettivamente come titolari beneficiari del 73,1% delle azioni ordinarie in base al criterio indicato.

Enmienda N° 9 al Schedule 13D informa que ciertas personas afiliadas reportantes que poseen una participación sustancial de la mayoría de las acciones ordinarias de Hall of Fame Resort & Entertainment Co. (HOFV) han actualizado la presentación para divulgar comunicaciones recientes con el emisor. El grupo reportante entregó una Notificación de Intención de Terminación de un Acuerdo de Fusión el 5 de septiembre de 2025 y, posteriormente, extendió la fecha de terminación por carta hasta el 17 de octubre de 2025.

La carta adjunta como el Exhibit 99.59 (resumida en el ítem 4) refleja que la entidad matriz acordó abstenerse de ejercitar derechos y recursos bajo el Acuerdo de Fusión antes del 17 de octubre de 2025, a menos que el emisor incumpla antes obligaciones distintas a la obtención de consentimientos de terceros por parte de los tenedores de las notas convertibles del 8% con vencimiento en 2025. El documento también divulga posiciones detalladas de propiedad beneficiosa para varias entidades y personas relacionadas, con Lichter Stuart y las entidades afiliadas reportadas colectivamente como beneficiarios de un 73,1% del total de acciones ordinarias sobre la base indicada.

스케줄 13D의 수정안 제9호는 Hall of Fame Resort & Entertainment Co. (HOFV)의 보통주 다수를 보유한 일부 관련 보고 당사자들이 발행인과의 최근 커뮤니케이션을 공개하기 위해 제출을 업데이트했다고 보고합니다. 보고 그룹은 2025년 9월 5일에 합병계약 해지 의사를 통지했고, 이후 2025년 10월 17일까지 해지일을 서신으로 연장했습니다.

첨부된 서한은 Exhibit 99.59(항목 4에 요약)으로, 모회사가 2025년 10월 17일 이전에 합병계약에 따른 권리와 구제책의 행사로부터 이행을 보류하기로 합의했으며, 발행인이 2025년 만기의 8% 전환사채 보유자들로부터 제3자 동의 취득과 관련된 의무를 제외한 다른 의무를 더 불이행하지 않는 한에 한한다는 점을 반영합니다. 이 제출은 또한 여러 관련 법인 및 개인에 대한 상세한 실질 보유 지분을 공시하며, Lichter Stuart 및 관련 계열사가 기준에 따라 전체 발행주식의 73.1%를 보유한 실질 소유자로 공동 보고됩니다.

Modification n° 9 de l’annexe 13D indique que certains personnes affiliées rapportant détenant une part majoritaire substantielle des actions ordinaires de Hall of Fame Resort & Entertainment Co. (HOFV) ont mis à jour le dossier pour divulguer des communications récentes avec l’émetteur. Le groupe de rapports a déposé une Avis d’Intention de Résilier un Accord de Fusion le 5 septembre 2025 et a ensuite prolongé la date de résiliation par lettre jusqu’au 17 octobre 2025.

La lettre jointe comme l’Exhibit 99.59 (résumée dans l’Item 4) reflète que la société mère a accepté de s’abstenir d’exercer les droits et recours prévus par l’Accord de Fusion avant le 17 octobre 2025, à moins que l’émetteur ne fasse défaut plus tôt sur des obligations autres que l’obtention des consentements externes des porteurs des obligations convertibles à 8% échues en 2025. Le dépôt divulge également des positions de propriété bénéficiaire détaillées pour plusieurs entités et personnes liées, Lichter Stuart et les entités affiliées étant rapportés collectivement comme propriétaires bénéficiaires de 73,1% des actions ordinaires sur la base indiquée.

Änderung Nr. 9 zum Schedule 13D meldet, dass bestimmte affiliierte meldende Personen, die eine erhebliche Mehrheitsbeteiligung an den Stammaktien der Hall of Fame Resort & Entertainment Co. (HOFV) halten, die Einreichung aktualisiert haben, um jüngste Mitteilungen mit dem Emittenten offenzulegen. Die meldende Gruppe hat am 5. September 2025 eine Mitteilung über die Absicht einer Beendigung eines Fusionsabkommens übermittelt und hat das Beendigungsdatum anschließend per Brief bis zum 17. Oktober 2025 verlängert.

Der als Exhibit 99.59 beigefügte Brief (in Item 4 zusammengefasst) zeigt, dass die Muttergesellschaft zugestimmt hat, bis zum 17. Oktober 2025 von der Ausübung von Rechten und Rechtsmitteln aus dem Fusionsabkommen abzusehen, es sei denn, der Emittent gerät früher bei Verpflichtungen außerhalb der Einholung externer Zustimmungen von Haltern der 8%-Anleihe des Emittenten fällig 2025 in Verzug. Die Einreichung enthält außerdem detaillierte Berichte über tatsächliche Eigentumsverhältnisse mehrerer verbundener Entitys und Personen, wobei Lichter Stuart und verbundene Einheiten zusammen als Beneficial Owners von 73,1% der ausstehenden Stammaktien auf der angegebenen Grundlage aufgeführt werden.

التعديل رقم 9 على الجدول 13D يشير إلى أن بعض الأشخاص المرتبطين بالتقارير والذين يملكون غالبية جوهرية من الأسهم العادية في Hall of Fame Resort & Entertainment Co. (HOFV) قاموا بتحديث الملف لاعتراف الاتصالات الأخيرة مع المصدر. وقد قدّم مجموعة التقارير إشعار نية لإنهاء اتفاق الدمج في 5 سبتمبر 2025، ثم مددوا تاريخ الإنهاء برسالة حتى 17 أكتوبر 2025.

وتعكس الرسالة المرفقة كالملاحظة 99.59 (الموجزة في البند 4) أن الكيان الأب وافق على الامتناع عن تمكين الحقوق وسبل الانتصاف بموجب اتفاق الدمج حتى 17 أكتوبر 2025، ما لم يعجز المصدر سابقاً عن الالتزامات بخلاف الحصول على موافقات طرف ثالث من حاملي سندات قابلة للتحويل بنسبة 8% المستحقة في 2025. كما تكشف العريضة عن مواقع الملكية الفعلية المفصلة لعدة كيانات وأشخاص ذوي صلة، مع إعلان ستيوارت ليشتشر والكيانات المرتبطة كمالكين مستفيدين معاً بنسبة 73.1% من الأسهم العادية القائمة على الأساس المذكور.

Schedule 13D 第9号修订 报告显示,持有 Hall of Fame Resort & Entertainment Co.(HOFV)普通股 substantial majority 的一批相关报告人已更新申报材料,以披露与发行人之间的近期沟通。该申报组在 2025 年 9 月 5 日提交了终止并购协议的意向通知,并随后通过信函将终止日期延长至 2025 年 10 月 17 日。

作为 Exhibit 99.59(在 Item 4 中摘要)的附信函反映,母公司同意在 2025 年 10 月 17 日之前对并购协议项下的权利和救济措施保持克制,除非发行人在就取得第三方同意(来自发行人的 8% 可转换债券到期日为 2025 年)等义务方面早于该日期发生违约。本申报还披露了多家关联实体和个人的具体受益所有权定位,Lichter Stuart 及其关联实体共同被报道为在所述基础上对公开流通普通股的 73.1% 的受益所有者。

Positive
  • Forbearance and extension agreed to October 17, 2025, which gives both parties time to seek consents or cures without immediate enforcement
  • Majority holders disclosed their positions, providing transparency on control (aggregate 73.1% beneficial ownership reported for Lichter Stuart and affiliates)
Negative
  • Notice of Intent to Terminate the Merger Agreement indicates a prior deterioration in the transaction relationship
  • Forbearance conditioned on exceptions—reporting persons may still exercise remedies if the issuer defaults on certain obligations, creating near‑term execution risk

Insights

TL;DR: The filing discloses a deal termination notice plus a forbearance extension, creating near‑term conditional leverage over the issuer.

The amendment makes clear that the holder group moved to terminate a merger arrangement but agreed to extend the termination deadline to October 17, 2025 and to forbear from exercising remedies absent specified earlier defaults. This preserves the reporting group's option to enforce contractual remedies while allowing time for the issuer to cure or obtain required third‑party consents related to 8% Convertible Notes due 2025. The consolidation of voting and dispositive power among affiliated entities (aggregate 73.1% on the disclosed basis) signals concentrated control that is material to governance and potential strategic outcomes.

TL;DR: The amendment documents a tactical extension and forbearance that maintains pressure on closing conditions while delaying immediate enforcement.

The Letter described (Exhibit 99.59) effectively pauses immediate termination and remedies until October 17, 2025, contingent on absence of earlier specified defaults. From an M&A standpoint, such forbearance is often used to allow time to secure consents or financing while preserving the terminating party's contractual protections. The public disclosure of this extension is material because it affects timing and likelihood of the merger proceeding or being terminated.

Modifica n. 9 all Schedule 13D riporta che alcuni soggetti reporting affiliati che detengono una quota sostanziale della maggioranza delle azioni ordinarie di Hall of Fame Resort & Entertainment Co. (HOFV) hanno aggiornato la presentazione per comunicare le interazioni recenti con l’emittente. Il gruppo di riportanti ha inviato una Notifica di Intento di Terminare un Accordo di Fusione il 5 settembre 2025 e successivamente ha esteso la data di terminazione tramite lettera al 17 ottobre 2025.

La lettera allegata come Allegato 99.59 (riassunta in Item 4) mostra che la capogruppo ha accettato di astenersi dall’esercizio di diritti e rimedi previsti dall’Accordo di Fusione prima del 17 ottobre 2025, salvo che l’emittente non incorra in inadempienze prima su obblighi diversi dall’ottenimento di consensi di terzi da parte dei detentori delle obbligazioni convertibili dell’emittente con tasso dell’8% in scadenza nel 2025. La presentazione rende inoltre note posizioni di ownership effettiva dettagliate per diverse entità e individui correlati, con Lichter Stuart e le entità affiliate riportate collettivamente come titolari beneficiari del 73,1% delle azioni ordinarie in base al criterio indicato.

Enmienda N° 9 al Schedule 13D informa que ciertas personas afiliadas reportantes que poseen una participación sustancial de la mayoría de las acciones ordinarias de Hall of Fame Resort & Entertainment Co. (HOFV) han actualizado la presentación para divulgar comunicaciones recientes con el emisor. El grupo reportante entregó una Notificación de Intención de Terminación de un Acuerdo de Fusión el 5 de septiembre de 2025 y, posteriormente, extendió la fecha de terminación por carta hasta el 17 de octubre de 2025.

La carta adjunta como el Exhibit 99.59 (resumida en el ítem 4) refleja que la entidad matriz acordó abstenerse de ejercitar derechos y recursos bajo el Acuerdo de Fusión antes del 17 de octubre de 2025, a menos que el emisor incumpla antes obligaciones distintas a la obtención de consentimientos de terceros por parte de los tenedores de las notas convertibles del 8% con vencimiento en 2025. El documento también divulga posiciones detalladas de propiedad beneficiosa para varias entidades y personas relacionadas, con Lichter Stuart y las entidades afiliadas reportadas colectivamente como beneficiarios de un 73,1% del total de acciones ordinarias sobre la base indicada.

스케줄 13D의 수정안 제9호는 Hall of Fame Resort & Entertainment Co. (HOFV)의 보통주 다수를 보유한 일부 관련 보고 당사자들이 발행인과의 최근 커뮤니케이션을 공개하기 위해 제출을 업데이트했다고 보고합니다. 보고 그룹은 2025년 9월 5일에 합병계약 해지 의사를 통지했고, 이후 2025년 10월 17일까지 해지일을 서신으로 연장했습니다.

첨부된 서한은 Exhibit 99.59(항목 4에 요약)으로, 모회사가 2025년 10월 17일 이전에 합병계약에 따른 권리와 구제책의 행사로부터 이행을 보류하기로 합의했으며, 발행인이 2025년 만기의 8% 전환사채 보유자들로부터 제3자 동의 취득과 관련된 의무를 제외한 다른 의무를 더 불이행하지 않는 한에 한한다는 점을 반영합니다. 이 제출은 또한 여러 관련 법인 및 개인에 대한 상세한 실질 보유 지분을 공시하며, Lichter Stuart 및 관련 계열사가 기준에 따라 전체 발행주식의 73.1%를 보유한 실질 소유자로 공동 보고됩니다.

Modification n° 9 de l’annexe 13D indique que certains personnes affiliées rapportant détenant une part majoritaire substantielle des actions ordinaires de Hall of Fame Resort & Entertainment Co. (HOFV) ont mis à jour le dossier pour divulguer des communications récentes avec l’émetteur. Le groupe de rapports a déposé une Avis d’Intention de Résilier un Accord de Fusion le 5 septembre 2025 et a ensuite prolongé la date de résiliation par lettre jusqu’au 17 octobre 2025.

La lettre jointe comme l’Exhibit 99.59 (résumée dans l’Item 4) reflète que la société mère a accepté de s’abstenir d’exercer les droits et recours prévus par l’Accord de Fusion avant le 17 octobre 2025, à moins que l’émetteur ne fasse défaut plus tôt sur des obligations autres que l’obtention des consentements externes des porteurs des obligations convertibles à 8% échues en 2025. Le dépôt divulge également des positions de propriété bénéficiaire détaillées pour plusieurs entités et personnes liées, Lichter Stuart et les entités affiliées étant rapportés collectivement comme propriétaires bénéficiaires de 73,1% des actions ordinaires sur la base indiquée.

Änderung Nr. 9 zum Schedule 13D meldet, dass bestimmte affiliierte meldende Personen, die eine erhebliche Mehrheitsbeteiligung an den Stammaktien der Hall of Fame Resort & Entertainment Co. (HOFV) halten, die Einreichung aktualisiert haben, um jüngste Mitteilungen mit dem Emittenten offenzulegen. Die meldende Gruppe hat am 5. September 2025 eine Mitteilung über die Absicht einer Beendigung eines Fusionsabkommens übermittelt und hat das Beendigungsdatum anschließend per Brief bis zum 17. Oktober 2025 verlängert.

Der als Exhibit 99.59 beigefügte Brief (in Item 4 zusammengefasst) zeigt, dass die Muttergesellschaft zugestimmt hat, bis zum 17. Oktober 2025 von der Ausübung von Rechten und Rechtsmitteln aus dem Fusionsabkommen abzusehen, es sei denn, der Emittent gerät früher bei Verpflichtungen außerhalb der Einholung externer Zustimmungen von Haltern der 8%-Anleihe des Emittenten fällig 2025 in Verzug. Die Einreichung enthält außerdem detaillierte Berichte über tatsächliche Eigentumsverhältnisse mehrerer verbundener Entitys und Personen, wobei Lichter Stuart und verbundene Einheiten zusammen als Beneficial Owners von 73,1% der ausstehenden Stammaktien auf der angegebenen Grundlage aufgeführt werden.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Percentage based on 6,698,645 shares of Common Stock issued and outstanding as of March 21, 2025, as reported by the Issuer in its Annual Report on Form 10-K filed with the SEC on March 26, 2025. Information regarding shares of Common Stock issuable in respect of convertible debt and warrants based on information reported by the Issuer, including interest accruals and principal balance of convertible debt with interest paid in kind. (2) Each of IRG Canton Village Member, LLC ("IRG Canton Village Member") and IRG Canton Village Manager, LLC ("IRG Canton Village Manager") may be deemed to beneficially own 683,083 shares of Common Stock held by HOF Village, LLC through the IRG Canton Village Member's indirect (approximately 74.9%) ownership interest therein and IRG Canton Village Manager's role as manager of IRG Canton Village Member. For similar reasons, each may also be deemed to beneficially own 157,085 shares of Common Stock issuable upon the exercise of 2,432,500 Series A warrants held by HOF Village, LLC with an exercise price of $253.11 per share. The warrants are exercisable within 60 days. Each of IRG Canton Village Member and IRG Canton Village Manager disclaims beneficial ownership of all shares held by HOF Village, LLC, except to the extent of any actual pecuniary interest. For purposes of calculating their percentage ownership, the shares outstanding of the Issuer include the shares of Common Stock issuable upon the exercise of the Series A warrants. (3) American Capital Center, LLC beneficially owns 18,521 shares of the Issuer's Common Stock. (4) CH Capital Lending, LLC ("CH Capital") beneficially owns (a) 751,168 shares of Common Stock, (b) 94,743 shares of Common Stock issuable upon conversion of a $14,388,042 principal amount (as of March 31, 2025) convertible note (the "Convertible Note") with a conversion rate of 6.5849 shares of Common Stock per $1,000 principal amount, (c) 455,867 shares of Common Stock issuable upon the exercise of Series C warrants with an exercise price of $12.77 per share, (d) 111,321 shares of Common Stock issuable upon the exercise of Series D warrants with an exercise price of $12.77 per share, (e) 45,419 shares of Common Stock issuable upon the exercise of Series E warrants with an exercise price of $12.77 per share, (f) 521,493 shares of Common Stock issuable upon conversion of 15,000 shares of Series C Preferred Stock with a conversion price of $33.01 per share (including shares issuable in respect of accrued and unpaid dividends), (g) 4,676,757 shares of Common Stock issuable upon conversion of $17,023,398 principal amount (as of March 31, 2025) under the Third Amendment to Second Amended and Restated Secured Cognovit Promissory Note, dated March 17, 2023, as amended (the "2020 Term Loan Note") with a conversion price of $3.64 per share, (h) 3,275,040 shares of Common Stock issuable upon conversion of $11,921,148 principal amount (as of March 31, 2025) under the First Amended and Restated Promissory Note, dated December 8, 2023 (the "2022 Term Loan Note") with a conversion price of $3.64 per share, (i) 1,077,233 shares of Common Stock issuable upon conversion of a $13,756,271 principal amount (as of March 31, 2025) under the Business Loan Agreement, dated June 16, 2022, as amended (the "Bridge Loan") with a conversion price of $12.77 per share, (j) 933,434 shares of Common Stock issuable upon the conversion of a promissory note with an outstanding amount of $11,919,960 (as of March 31, 2025) with a conversion price of $12.77 per share (the "Hotel II Note"), and (k) 438,506 shares of Common Stock issuable upon the conversion of a promissory note with an outstanding amount of $5,599,731 (as of March 31, 2025) with a conversion price of $12.77 per share (the "Split Note"). The convertible note, the Series C Preferred Stock, the 2020 Term Loan Note, the 2022 Term Loan Note, the Bridge Loan, the Hotel II Note and the Split Note are convertible, and the Series C, Series D and Series E warrants are exercisable within 60 days. For purposes of calculating its percentage ownership, the shares outstanding of the Issuer include the shares of Common Stock issuable upon the exercise of the warrants and the conversion of the Convertible Note, the Series C Preferred Stock, the 2020 Term Loan Note, the 2022 Term Loan Note, the Bridge Loan, the Hotel II Note and the Split Note. (5) IRG, LLC ("IRG") beneficially owns (a) 15,950 shares of the Issuer's Common Stock, (b) 438,506 shares of Common Stock issuable upon the conversion of $5,599,731 principal amount (as of March 31, 2025) promissory note with a conversion price of $12.77 per share, and (c) 22,709 shares of Common Stock issuable upon the exercise of Series E warrants with an exercise price of $12.77 per share. The convertible note and the Series E warrants are exercisable within 60 days. For purposes of calculating its percentage ownership, the shares outstanding of the Issuer include the shares of Common Stock issuable upon the exercise of the Series E warrants and the conversion of the convertible promissory note. (6) Midwest Lender Fund, LLC ("MLF") beneficially owns (a) 5,681 shares of the Issuer's Common Stock, (b) 5,677 shares of the Common Stock issuable upon the exercise of Series G warrants with an exercise price of $12.77 per share, and (c) 410,438 shares of Common Stock issuable upon the conversion of $5,241,300 principal amount (as of March 31, 2025) promissory note with a conversion price of $12.77 per share. For purposes of calculating its percentage ownership, the shares outstanding of the Issuer include the shares of Common Stock issuable upon the exercise of the Series G warrants and the conversion of the convertible promissory note. (7) Mr. Lichter beneficially owns 9,090 shares of Common Stock and 4,543 shares of Common Stock issuable upon the exercise of Series B warrants with an exercise price of $30.81 per share. The Series B warrants are exercisable within 60 days. Mr. Lichter may be deemed to beneficially own (a) through his indirect ownership of membership interests in IRG, (i) 15,950 shares of Common Stock held by IRG, (ii) 22,709 shares of Common Stock issuable to IRG upon the exercise of Series E warrants with an exercise price of $12.77 per share and (iii) 438,506 shares of Common Stock issuable to IRG upon the conversion of $5,599,731 principal amount (as of March 31, 2025) promissory note with a conversion price of $12.77 per share, (b) through his beneficial ownership of membership interests in MLF, (i) 5,681 shares of Common Stock, (ii) 5,677 shares of Common Stock issuable to MLF upon the exercise of Series G warrants with an exercise price of $12.77 per share, and (iii) 410,438 shares of Common Stock issuable to MLF upon the conversion of $5,241,300 principal amount (as of March 31, 2025) promissory note with a conversion price of $12.77 per share, (c) through his indirect ownership of membership interests in CH Capital, (i) 751,168 shares of Common Stock, (ii) 455,867 shares of Common Stock issuable to CH Capital upon the exercise of Series C warrants with an exercise price of $12.77 per share, (iii) 111,321 shares of Common Stock issuable to CH Capital upon the exercise of Series D warrants with an exercise price of $12.77 per share, (iv) 45,419 shares of Common Stock issuable to CH Capital upon the exercise of Series E warrants with an exercise price of $12.77 per share, (v) 521,493 shares of Common Stock issuable to CH Capital upon conversion of 15,000 shares of Series C Preferred Stock with a conversion price of $33.01 per share (including shares issuable in respect of accrued and unpaid dividends), (vi) 4,676,757 shares of Common Stock issuable to CH Capital upon conversion of a $17,023,398 principal amount (as of March 31, 2025) pursuant to the 2020 Term Loan Note with a conversion price of $3.64 per share, (vii) 3,275,040 shares of Common Stock issuable to CH Capital upon conversion of a $11,921,148 principal amount (as of March 31, 2025) pursuant to the 2022 Term Loan Note with a conversion price of $3.64 per share, (viii) 1,077,233 shares of Common Stock issuable to CH Capital upon conversion of a $13,756,271 principal amount (as of March 31, 2025) under the Bridge Loan with a conversion price of $12.77 per share, (ix) 94,743 shares of Common Stock issuable to CH Capital upon the conversion of a $14,388,042 principal amount (as of March 31, 2025) pursuant to the Convertible Note with a conversion rate of 6.5849 shares of Common Stock per $1,000 principal amount, (x) 933,434 shares of Common Stock issuable upon the conversion of a promissory note with an outstanding amount of $11,919,960 (as of March 31, 2025) under the Hotel II Note with a conversion price of $12.77 per share, and (xi) 438,506 shares of Common Stock issuable upon the conversion of a promissory note with an outstanding amount of $5,599,731 (as of March 31, 2025) under the Split Note with a conversion price of $12.77 per share, and (d) 18,521 shares of Common Stock through his indirect control over American Capital Center, LLC. The Convertible Note, the Series C Preferred Stock, the 2020 Term Loan Note, the 2022 Term Loan Note, the Bridge Loan, the Hotel II Note and the Split Note are convertible, and the Series C, D and E warrants are exercisable within 60 days. Mr. Lichter may also be deemed to beneficially own 683,083 shares of Common Stock through his indirect ownership interest in IRG Canton Village Member, which in turn owns approximately a 74.9% interest in HOF Village, LLC. HOF Village, LLC owns 683,083 shares of Common Stock. He may also be deemed to beneficially own 157,085 shares of Common Stock issuable upon the exercise of 2,432,500 Series A warrants held by HOF Village, LLC with an exercise price of $253.11 per share. The Series A warrants are exercisable within 60 days. Mr. Lichter disclaims beneficial ownership of all shares held by IRG Canton Village Member, IRG Canton Village Manager, CH Capital, IRG, MLF, and American Capital Center, LLC, except to the extent of any actual pecuniary interest. For purposes of calculating his percentage ownership, the shares outstanding of the Issuer include the shares of Common Stock issuable upon the exercise and/or conversion of (a) the Series B warrants to Mr. Lichter, (b) the Series C, Series D and Series E warrants to CH Capital, (c) the Series C Preferred Stock to CH Capital, (d) the Convertible Note, 2020 Term Loan Note, 2022 Term Loan Note, Bridge Loan, Hotel II Note and Split Note to CH Capital, (e) the Series G warrants to MLF, (f) the convertible promissory note to MLF, (g) the Series A warrants to HOF Village, LLC, and (h) the convertible promissory note to IRG.


SCHEDULE 13D


IRG Canton Village Manager, LLC
Signature:/s/ Stuart Lichter
Name/Title:Stuart Lichter/President
Date:10/01/2025
IRG Canton Village Member, LLC
Signature:/s/ Stuart Lichter
Name/Title:Stuart Lichter/President
Date:10/01/2025
American Capital Center, LLC
Signature:/s/ Richard Klein
Name/Title:Richard Klein/Chief Financial Officer
Date:10/01/2025
CH Capital Lending, LLC
Signature:/s/ Richard Klein
Name/Title:Richard Klein/Chief Financial Officer
Date:10/01/2025
IRG, LLC
Signature:/s/ Stuart Lichter
Name/Title:Stuart Lichter/President
Date:10/01/2025
Midwest Lender Fund, LLC
Signature:/s/ Stuart Lichter
Name/Title:Stuart Lichter/President
Date:10/01/2025
Lichter Stuart
Signature:/s/ Stuart Lichter
Name/Title:Stuart Lichter, an individual
Date:10/01/2025

FAQ

What did the Amendment No. 9 to HOFV's Schedule 13D disclose?

It disclosed that the reporting group delivered a Notice of Intent to Terminate the Merger Agreement and that a letter extended the termination date to October 17, 2025 along with a forbearance from exercising remedies under the Merger Agreement.

Who agreed to the extension and forbearance in the HOFV filing?

The Letter was from HOFV Holdings, LLC and certain affiliates (including CH Capital Lending, IRG, LLC, and Midwest Lender Fund, LLC) as described and filed as Exhibit 99.59.

How much of HOFV common stock do the reporting persons beneficially own?

The filing reports that Lichter Stuart and affiliates beneficially own 14,152,264 shares, representing 73.1% on the stated calculation basis.

Are there conditions under which the reporting persons can still exercise remedies before October 17, 2025?

Yes. The forbearance does not apply if the issuer defaults earlier on obligations other than those related to obtaining third‑party consents from holders of the issuer's 8% Convertible Notes due 2025.

Where can I find the full terms of the extension and forbearance?

The filing incorporates a copy of the Letter as Exhibit 99.59, and the amendment states readers should review that exhibit for the complete terms.
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