# EDGAR Filing Document

**Accession Number:** 0001708176
**File Stem:** 0001140361-25-034348
**Filing Date:** 2025-9
**Character Count:** 16226
**Document Hash:** 208f12576ab2f9b859ba5fa9abe1b9ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-034348.hdr.sgml**: 20250909

**ACCESSION NUMBER**: 0001140361-25-034348

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250905

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250909

**DATE AS OF CHANGE**: 20250909

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hall of Fame Resort & Entertainment Co
- **CENTRAL INDEX KEY:** 0001708176
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 843235695
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38363
- **FILM NUMBER:** 251301584

**BUSINESS ADDRESS:**
- **STREET 1:** 2626 FULTON DRIVE NW
- **CITY:** CANTON
- **STATE:** OH
- **ZIP:** 44718
- **BUSINESS PHONE:** (412) 960-4687

**MAIL ADDRESS:**
- **STREET 1:** 2626 FULTON DRIVE NW
- **CITY:** CANTON
- **STATE:** OH
- **ZIP:** 44718

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gordon Pointe Acquisition Corp.
- **DATE OF NAME CHANGE:** 20180122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gordon Pointe Acqusition Corp.
- **DATE OF NAME CHANGE:** 20170601

?xml version='1.0' encoding='ASCII'?

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### PURSUANT TO SECTION 13 OR 15(d) OF

#### THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): **September 5, 2025**

## HALL OF FAME RESORT & ENTERTAINMENT COMPANY
(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware**<br>| **001-38363**<br>| **84-3235695**<br>|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

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#### 2014 Champions Gateway, Suite 100

#### Canton, OH 44708
(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: **(330) 458-9176**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.0001 par value per share<br>| HOFV<br>| OTC Pink Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 8.01** | **Other Events.** |

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As previously disclosed, on May 7, 2025, Hall of Fame Resort & Entertainment Company (the "Company") entered into an Agreement and Plan of Merger (the "Merger Agreement") with 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 together with Parent, the "Buyer Parties"), and, solely as guarantor of certain of Parent's obligations under the Merger Agreement, CH Capital Lending, LLC, a Delaware limited liability company ("Guarantor"). The Merger Agreement provided that, among other things, Merger Sub would merge with and into the Company, with the Company surviving as a subsidiary of Parent (the "Merger"). Parent and Merger Sub are affiliates of Industrial Realty Group, LLC ("IRG"), and the Company's director Stuart Lichter serves as President and Chairman of the Board of Directors of IRG.

As previously disclosed, the Company and certain of its subsidiaries entered into (i) the Note and Security Agreement, dated November 14, 2024 (the "Note & Security Agreement") with the Guarantor, which, as amended through the Ninth Amendment dated July 24, 2025, provides for a total facility amount of $15,000,000 and (ii) an Omnibus Extension of Debt Instruments, effective March 31, 2025 (the "Omnibus Modification") with certain of the Buyer Parties and their affiliates, which governs various Company debt instruments.

On September 5, 2025, the Company received a Notice of Intent to Terminate Merger Agreement and Non-Extension of Note & Security Agreement (the "Notice") from the Buyer Parties and certain of their affiliates. Pursuant to the Notice, the Buyer Parties and Guarantor provided written notice of their intention to terminate the Merger Agreement under Section 8.1(e) due to the Company's failure to perform its obligations thereunder. Specifically, the Company has failed to satisfy its obligations under Section 7.2(g) of the Merger Agreement which requires the Company to obtain executed consents from the third parties listed on Schedule 7.2(g), including, without limitation, all holders of the Company's 8% Convertible Notes due 2025 issued July 1, 2020 (as such notes may be amended from time to time, the "PIPE Notes"). These consents are material to the Merger, and the failure to obtain them constitutes a material breach of the Company's obligations under Section 7.2(b). As a result, and in accordance with Section 8.1(e), Parent notified the Company of Parent's intention to terminate the Merger Agreement effective as of September 17, 2025 (the "Termination Date"), unless the Company cures such breach prior to the Termination Date.

The Notice also provides that the Buyer Parties will not consent to any further increases in the Facility Amount (as defined therein) under the Note & Security Agreement of which approximately $14.9 million in principal is outstanding as of September 1, 2025 or extensions of the maturity date of the Subject IRG Debt Instruments (as defined in the Omnibus Modification), which mature on September 30, 2025. Accordingly, absent an event of default occurring prior to such date, the outstanding balance of all loans made pursuant to the Note & Security Agreement and the Subject IRG Debt Instruments will be due and payable in full on September 30, 2025.

The Company is currently discussing with the Buyer Parties and Guarantor possible solutions to address the default under the Merger Agreement and to receive additional funding, however, there can be no assurance that any such arrangements will materialize or provide sufficient working capital to support the Company's operations on a short-term basis. If the Company continues not to have sufficient liquidity to fund its operations in the near term or if the Company is unable to resolve the asserted default under the Merger Agreement, the foregoing would be expected to have a material adverse effect on the Company's liquidity and financial condition and may render the Company insolvent and unable to sustain its operations and continue as a going concern. No assurance can be provided that the Company will be able to refinance, restructure or repay its indebtedness or to continue as a going concern.

The foregoing information is a summary of the Notice described above, is not complete, and is qualified in its entirety by reference to the full text of the Notice, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference. Readers should review such Notice for a complete understanding of the terms and conditions associated with such transaction.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](ef20055327_ex99-1.htm) | Notice of Intent to Terminate Merger Agreement and Non-Extension of Note and Security Agreement, dated September 5, 2025 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  | **HALL OF FAME RESORT & ENTERTAINMENT COMPANY** | **HALL OF FAME RESORT & ENTERTAINMENT COMPANY** | **HALL OF FAME RESORT & ENTERTAINMENT COMPANY** |
|  | By: | /s/ Lisa Gould | /s/ Lisa Gould |
|  |  | Name: | Lisa Gould |
|  |  | Title: | Interim Chief Executive Officer |
| Dated: September 9, 2025 |  |  |  |

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## Exhibit 99.1

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**Exhibit 99.1<br>** 

<br> ---

| | |
|:---|:---|
| ![](image00002.jpg) |  |
|  | 11111 Santa Monica Blvd., Suite 810<br> Los Angeles, CA 90025<br> (310) 806-4434<br>www.industrialrealtygroup.com |

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#### VIA ELECTRONIC MAIL

September 5, 2025

Hall of Fame Resort & Entertainment Company

2014 Champions Gateway, Suite 100

Canton, OH 44708

Attn: Karl Holtz

Tim Kelly

Email: karl@karlholzadvisorsllc.com

tim.kelly@hofvillage.com

**Re:**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Notice of Intent to Terminate Merger Agreement and Non-Extension of Note & Security Agreement**

Dear Karl and Tim:

Please be advised as follows:

#### Notice of Termination of Merger Agreement

Reference is made to that certain Agreement and Plan of Merger, dated May 7, 2025, by and among Hall of Fame Resort & Entertainment Company (the "**Company**"), HOFV Holdings, LLC ("**Parent**") and certain other parties thereto (as amended or supplemented from time to time, the "**Merger Agreement**"). Capitalized terms used but not defined herein have the meanings ascribed to them in the Merger Agreement.

Pursuant to Section 8.1(e) of the Merger Agreement, Parent hereby provides written notice of its intention to terminate the Merger Agreement due to the Company's failure to perform its obligations thereunder. Specifically, the Company has failed to satisfy its obligations under Section 7.2(g) of the Merger Agreement which requires the Company to obtain executed consents from the third parties listed on Schedule 7.2(g), including, without limitation, all holders of the Company's 8% Convertible Notes due 2025 issued July 1, 2020 (as such notes may be amended from time to time, the "**PIPE Notes**"). These consents are material to the Transaction, and the failure to obtain them constitutes a material breach of the Company's obligations under Section 7.2(b).

<u><br> </u> <br>Los Angeles • New York • Sacramento • Chicago • Akron • Cleveland • Columbus • Cincinnati • Detroit

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| | |
|:---|:---|
| ![](image00002.jpg) |  |
|  | 11111 Santa Monica Blvd., Suite 810<br> Los Angeles, CA 90025<br> (310) 806-4434<br>www.industrialrealtygroup.com |

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As a result, and in accordance with Section 8.1(e), Parent hereby notifies the Company of Parent's intention to terminate the Merger Agreement effective as of September 17, 2025 (the "**Termination Date**"), unless the Company cures such breach prior to the Termination Date.

#### Notice of Maturity and Non-Extension of Debt Instruments

In addition to, and in connection with, the termination notice referenced above, please be advised of the following regarding (i) that certain Note and Security Agreement ("**Note & Security Agreement**"), dated November 14, 2024, by and among the Company, HOF Village Newco, LLC ("**Newco**"), HOF Village Retail I, LLC, HOF Village Retail II, LLC, and CH Capital Lending, LLC (in its capacity as lender under the Note and Security Agreement, "Bridge Lender"), as the same has been amended from time to time prior to the date hereof through and including the Ninth Amendment to Note and Security Agreement dated July 24, 2025, pursuant to such amendments, the total Facility Amount (as defined in the Note & Security Agreement) was increased to $15,000,000 and (ii) that certain Omnibus Extension of Debt Instruments entered into effective as of March 31, 2025 ("**Omnibus Modification**") made by and among CH Capital Lending, LLC, a Delaware limited liability company (in its capacity as a lender under the instruments subject to such document, "**CHCL**"), IRG, LLC, a Nevada limited liability company ("**IRG**"), and Midwest Lender Fund, LLC, a Delaware limited liability company ("**MLF**" individually; IRG, CHCL and MLF are referred to collectively as the "**Omnibus Debt Instrument Lenders**"; the Omnibus Debt Instrument Lenders, collectively with the Bridge Lender, the "**Lenders**"), the Company and Newco, which governs the Subject IRG Debt Instruments (as defined therein). Capitalized terms used but not defined herein have the meanings ascribed to them in the Note & Security Agreement and the Omnibus Modification, as applicable.

The Note & Security Agreement and the Subject IRG Debt Instruments mature on September 30, 2025.

<u><br> </u> <br>Los Angeles • New York • Sacramento • Chicago • Akron • Cleveland • Columbus • Cincinnati • Detroit

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| | |
|:---|:---|
| ![](image00002.jpg) |  |
|  | 11111 Santa Monica Blvd., Suite 810<br> Los Angeles, CA 90025<br> (310) 806-4434<br>www.industrialrealtygroup.com |

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Please be advised that, effective as of the date hereof, the Lenders, as applicable, will not consent to any further:

(i) increases in the Facility Amount (of which $14,870,616.88 in principal (including all capitalized interest) is outstanding as of September 1, 2025, (exclusive of any other fees, expenses and any other amounts due and owing), nor to any further extensions of the maturity date, in each case, under the Note & Security Agreement; or

<br> (ii) extensions of the maturity date of the Subject IRG Debt Instruments.

Accordingly, absent an event of default occurring prior to such date, the outstanding balance of all loans made pursuant to the Note & Security Agreement and the Subject IRG Debt Instruments will be due and payable in full on September 30, 2025.

[Remainder of page intentionally left blank.]

<u><br> </u> <br>Los Angeles • New York • Sacramento • Chicago • Akron • Cleveland • Columbus • Cincinnati • Detroit

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| | |
|:---|:---|
| ![](image00002.jpg) |  |
|  | 11111 Santa Monica Blvd., Suite 810<br> Los Angeles, CA 90025<br> (310) 806-4434<br>www.industrialrealtygroup.com |

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| | |
|:---|:---|
| Sincerely, | Sincerely, |
| **HOFV HOLDINGS, LLC** | **HOFV HOLDINGS, LLC** |
| By: | <u>/s/ Stuart Lichter</u> |
| Name: Stuart Lichter | Name: Stuart Lichter |
| Title: President | Title: President |

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| | |
|:---|:---|
| **CH CAPITAL LENDING, LLC** | **CH CAPITAL LENDING, LLC** |
| By: | <u>/s/ Richard Klein</u> |
| Name: Richard Klein | Name: Richard Klein |
| Title: Chief Financial Officer | Title: Chief Financial Officer |

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| | |
|:---|:---|
| **IRG, LLC** | **IRG, LLC** |
| By: | S.L. Properties, Inc., its Manager |
| By: | <u>/s/ Stuart Lichter</u> |
| Name: Stuart Lichter | Name: Stuart Lichter |
| Title: President | Title: President |

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| | |
|:---|:---|
| **MIDWEST LENDER FUND, LLC** | **MIDWEST LENDER FUND, LLC** |
| By: | S.L. Properties, Inc., its Manager |
| By: | <u>/s/ Stuart Lichter</u> |
| Name: Stuart Lichter | Name: Stuart Lichter |
| Title: President | Title: President |

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<u><br> </u> <br>Los Angeles • New York • Sacramento • Chicago • Akron • Cleveland • Columbus • Cincinnati • Detroit

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