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Why Hall Of Fame Resort & Entertainment's Stock Is Trading Lower Today

Hall Of Fame Resort & Entertainment (NASDAQ;HOFV) shares are trading lower on Monday after the company announced the pricing of a $25 million public offering at $1.40 per share.

· 11/16/2020 11:52

Hall Of Fame Resort & Entertainment (NASDAQ;HOFV) shares are trading lower on Monday after the company announced the pricing of a $25 million public offering at $1.40 per share.

Hall Of Fame Resort & Entertainment is a sports, entertainment, and media enterprise headquartered in Canton, Ohio. Established in 2020, the publicly traded company is the result of a merger between HOF Village, LLC., a partnership between the Pro Football Hall of Fame and Industrial Realty Group (IRG) which began in 2016 and Gordon Pointe (GPAQ) Acquisition Corp.

Hall Of Fame Resort & Entertainment shares were trading down 54.42% at $1.14 at last check Monday. The stock has a 52-week high of $12.31 and a 52-week low of $1.09.