Sec Form 4 Filing - Lichter Stuart @ Hall of Fame Resort & Entertainment Co - 2024-12-12

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Lichter Stuart
2. Issuer Name and Ticker or Trading Symbol
Hall of Fame Resort & Entertainment Co [ HOFV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
11111 SANTA MONICA BOULEVARD, SUITE 800
3. Date of Earliest Transaction (MM/DD/YY)
12/12/2024
(Street)
LOS ANGELES, CA90025
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 751,168 I By CH Capital Lending, LLC ( 1 )
Common Stock 15,949 I By IRG, LLC ( 1 )
Common Stock 683,083 I By HOF Village, LLC ( 1 )
Common Stock 5,681 I By Midwest Lender Fund, LLC ( 1 )
Common Stock 9,090 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2022 Convertible Term Loan $ 3.64 12/12/2024 J( 11 ) 12/12/2024 12/04/2025 Common Stock 3,140,983 ( 11 ) $ 11,433,179 ( 2 ) I By CH Capital Lending, LLC ( 1 )
Backup Convertible Promissory Note II $ 12.77 01/15/2025 P( 10 ) 01/15/2025 03/31/2025 Common Stock 900,283 ( 10 ) $ 11,496,624 ( 3 ) I By CH Capital Lending, LLC ( 1 )
Convertible Promissory Note $ 12.77 01/15/2025 P( 10 ) 01/15/2025 03/31/2025 Common Stock 422,921 ( 10 ) $ 5,400,706 ( 3 ) I By CH Capital Lending, LLC ( 1 )
Backup Convertible Promissory Note $ 12.77 06/07/2023 03/31/2025 Common Stock 393,935 $ 5,030,559 ( 4 ) I By Midwest Lender Fund, LLC ( 1 )
2020 Convertible Term Loan $ 3.64 01/10/2024 03/31/2025 Common Stock 4,448,127 $ 16,191,184 ( 4 ) I By CH Capital Lending, LLC ( 1 )
Convertible Bridge Note $ 12.77 03/17/2023 03/31/2025 Common Stock 1,033,900 $ 13,202,903 ( 4 ) I By CH Capital Lending, LLC ( 1 )
Convertible Promissory Note $ 12.77 03/17/2023 03/31/2025 Common Stock 420,875 $ 5,374,579 ( 4 ) I By IRG, LLC ( 1 )
Series E Warrant $ 12.77 04/18/2023 03/01/2029 Common Stock 22,709 500,000 I By IRG, LLC ( 1 )
Series E Warrant $ 12.77 04/18/2023 03/01/2029 Common Stock 45,419 1,000,000 I By CH Capital Lending, LLC ( 1 )
Series D Warrant $ 12.77 04/18/2023 03/01/2029 Common Stock 111,321 2,450,980 I By CH Capital Lending, LLC ( 1 )
Series C Warrant $ 12.77 04/18/2023 03/01/2029 Common Stock 455,867 10,036,925 I By CH Capital Lending, LLC ( 1 )
Series A Warrant $ 253.11 07/31/2020 ( 5 ) Common Stock 157,085 2,432,500 I By HOF Village, LLC ( 1 )
Series G Warrant $ 12.77 06/08/2023 06/08/2027 Common Stock 5,677 125,000 I By Midwest Lender Fund, LLC ( 1 )
Convertible Notes Due 2025 ( 7 ) 07/01/2020 03/31/2025 Common Stock 92,432 $ 14,037,115 ( 6 ) I By CH Capital Lending, LLC ( 1 )
Series C Preferred Stock ( 8 ) $ 33.01 03/28/2022 ( 9 ) Common Stock 454,407 15,000 I By CH Capital Lending, LLC ( 1 )
Series B Warrant $ 30.81 11/18/2020 11/18/2025 Common Stock 4,543 100,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lichter Stuart
11111 SANTA MONICA BOULEVARD
SUITE 800
LOS ANGELES, CA90025
X X
Signatures
Lisa Gould, Attorney-in-Fact 03/14/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed to be an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
( 2 )Reflects the principal balance as of December 12, 2024. Interest accrues at 12.5% compounded monthly, which is added to the principal.
( 3 )Reflects the principal balance as of January 15, 2025. Interest accrues at 12.5% compounded monthly, which is added to the principal.
( 4 )Reflects the principal balance as of December 31, 2024. Interest accrues at 12.5% compounded monthly, which is added to the principal.
( 5 )The warrants expire on the earlier to occur of July 1, 2025 or upon the redemption date in the event the Company shall fix a date for the redemption of the warrants in accordance with the warrant terms.
( 6 )Reflects the principal amount held by CH Capital Lending, LLC as of December 31, 2024. Interest is payable quarterly in either cash or an increase in the principal amount of the Convertible Notes due 2025 at the discretion of the Company. The Company has been paying interest by increasing the principal. The original principal amount was $9 million.
( 7 )The conversion rate is 6.54849 shares of Common Stock per 1.000 principal amount of Convertible Notes due 2025.
( 8 )Dividends are payable on Series C Preferred Stock at 7% per annum of which 4% is payable in cash quarterly and 3% is payable at the election of the holder in either cash or shares of Common Stock upon conversion.
( 9 )The Series C Preferred Stock is perpetual and therefore has no expiration date.
( 10 )On January 15, 2025, CH Capital Lending, LLC became the beneficial owner of these two convertible promissory notes after its affiliate, which served as guarantor, purchased these notes from JKP Financial, LLC for a purchase price equal to the outstanding principal plus accumulated and unpaid interest reduced by certain prior payments to JKP Financial, LLC by such affiliate.
( 11 )On December 12, 2024, effective December 3, 2024, the maturity date of the 2022 convertible term loan was extended from December 4, 2024 to December 4, 2025. Conversion remains subject to compliance with Nasdaq 5635(d).

Remarks:
Exhibit List: Exhibit 24 - Power of Attorney

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