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Hall of Fame Resorts and Entertainment regains Nasdaq listing compliance
CANTON, OHIO – January 11, 2023 – Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) (the “Company”), the only resort, entertainment and media company centered on the power of professional football, announced today that it has received a listing Written notification of eligibility to the Nasdaq Stock Market (“Nasdaq”) Division notifies the company that it has returned to compliance with Nasdaq’s minimum bid listing requirements. The company has met the minimum bid requirement of $1.00 per share under NASDAQ Listing Rule 5550(a)(2), thereby satisfying the requirement to continue listing. Accordingly, Nasdaq has informed that the matter is now closed.
“As a company, what we’re going through is no different than the rest of the world as it relates to the macroeconomic environment. Global pandemics, supply chain issues, international conflicts and wars are all factors that put external pressure on us,” HOFV President and CEO CEO Michael Crawford shared: “We believe decisive action and renewed compliance with Nasdaq listing rules will help us achieve several important corporate goals, including expanding HOFV’s visibility in the investment community and expanding our The shareholder base is required to include the firm’s ability to impose a minimum investment in their fund’s price requirements. Crawford continued: “Our unwavering commitment to our shareholders is to build a world-class sports and entertainment company as we continue to make strategic progress, build momentum in each of our business verticals, create shareholder value and achieve long-term Growth – Semester. ”
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About Hall of Fame Resorts & Entertainment
Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company that leverages the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Hall of Fame Resort & Entertainment Company, based in Canton, Ohio, is the owner of Hall of Fame Village, a multi-purpose sports, entertainment and media destination centered on the Pro Football Hall of Fame campus, backed by Johnson Controls. For more information on the company, visit www.HOFRECO.com
forward-looking statement
Certain statements herein are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by use of words such as “continue,” “achieve,” “achieve,” “expand” and “include” and other similar expressions that predict or indicate future events or trends, or that are not statements of historical events. These forward-looking Preliminary statements are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the company’s control, which could cause actual results or results to differ from the forward-looking There are material differences from those discussed in the presentation. Important factors that could affect actual results or outcomes include, inter alia, the company’s ability to manage growth; the company’s ability to execute its business plan and achieve its forecasts, including obtaining financing to build planned facilities; potential litigation involving the Company; changes in applicable laws or regulations; general economic and market conditions affecting demand for the Company’s products and services, particularly in the resort and entertainment industries; the ongoing global coronavirus (COVID-19) the impact of the pandemic on capital markets, general economic conditions, unemployment, and the Company’s liquidity, operations, and personnel; increased inflation; the inability to maintain listing of the Company’s stock on Nasdaq; and our reports and filings with the U.S. Securities and Exchange Commission those risks and uncertainties discussed from time to time in its other public filings.The company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Media/Investors:
For Hall of Fame Resorts and Entertainment
Media inquiries: public.relations@hofreco.com
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