Josh Harris and David Blitzer entered into a Membership Interest Purchase Agreement to acquire 80% stake in ForeverLawn Sports Complex from Hall of Fame Resort & Entertainment Company (NasdaqCM:HOFV) for $10 million on December 22, 2023. Under the Purchase Agreement, the buyer will hold back $1.5 million of the Purchase Price (the ?Holdback Amount?) to secure certain indemnification obligations of the Company and HOF Village, which holdback will be released to Seller in three $500,000 increments at 6, 12 and 18 months after the closing date of the Transaction (the ?Closing?), subject to post-Closing adjustment of the Purchase Price and any indemnification claims pursuant to the Purchase Agreement. The closing of the Transaction is subject to customary closing conditions, including release of a leasehold mortgage on the ForeverLawn Sports Complex land, and is expected to occur in January 2024.
Hall of Fame Resort & Entertainment Company
Equities
HOFV
US40619L2016
Hotels, Motels & Cruise Lines
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
3.02 USD | -0.66% | -3.21% | -7.08% |
03-21 | Hall of Fame Resort & Entertainment Company Provides Earnings Guidance for the Year 2024 | CI |
03-21 | Transcript : Hall of Fame Resort & Entertainment Company, Q4 2023 Earnings Call, Mar 21, 2024 |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-7.08% | 19.65M | |
+63.98% | 8.87B | |
+6.94% | 1.28B | |
+18.47% | 1.22B | |
+9.76% | 974M | |
-26.96% | 848M | |
-29.71% | 645M | |
-3.81% | 221M | |
+2.63% | 170M | |
-10.82% | 168M |
- Stock Market
- Equities
- HOFV Stock
- News Hall of Fame Resort & Entertainment Company
- Josh Harris and David Blitzer entered into a Membership Interest Purchase Agreement to acquire 80% stake in ForeverLawn Sports Complex from Hall of Fame Resort & Entertainment Company for $10 million.