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Hall of Fame Resort & Entertainment Co (OTC:HOFV) notified stockholders Wednesday that its special meeting, initially held in virtual format on Tuesday, has been adjourned until September 24, 2025, at 10:00 a.m. Eastern Time. The company stated that the adjournment is intended to allow additional time to solicit proxies from stockholders.
The company sent an email to stockholders of record as of August 1, 2025, encouraging them to vote their shares in connection with the special meeting. According to the statement, stockholders with questions or who need assistance voting are directed to contact the company’s proxy solicitor, Alliance Advisors, LLC. The meeting comes as the company faces significant challenges, with a debt-to-equity ratio of 6.18 and current ratio of 0.08, indicating potential liquidity concerns.
The definitive proxy statement related to the meeting was filed with the U.S. Securities and Exchange Commission on August 8, 2025, and mailed to eligible stockholders. Hall of Fame Resort & Entertainment Co also noted that its executive officers and directors may be considered participants in the proxy solicitation, as described in the proxy statement.
The company’s common stock is traded on the OTC Pink Market under the symbol HOFV. This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Hall of Fame Resort & Entertainment Co announced an increase in its credit facility with CH Capital Lending. The company entered into a Ninth Amendment to its Note and Security Agreement, raising its available credit from $14 million to $15 million. This amendment permits Hall of Fame Resort and its subsidiaries to request an additional $1 million for general corporate purposes, subject to specific restrictions. CH Capital Lending is affiliated with Stuart Lichter, who serves as a director of Hall of Fame Resort & Entertainment Co. The agreement involves the company and its subsidiaries, including HOF Village Newco, LLC, HOF Village Retail I, LLC, and HOF Village Retail II, LLC. These developments reflect ongoing financial strategies at Hall of Fame Resort & Entertainment Co.
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