Hall of Fame Resort Amends Note Agreement with CH Capital

Hall of Fame Resort & Entertainment ( (HOFV) ) has issued an update.

On May 13, 2025, Hall of Fame Resort & Entertainment Company and its subsidiaries entered into a Sixth Amendment to Note and Security Agreement with CH Capital Lending, LLC. This amendment increases the facility amount from $8 million to $10 million, extends the maturity date to September 30, 2025, and sets distinct processes for different types of advancement requests. The amendment also outlines efforts to achieve take private transaction deal milestones, impacting the company’s financial operations and strategic positioning.

The most recent analyst rating on (HOFV) stock is a Buy with a $8.00 price target. To see the full list of analyst forecasts on Hall of Fame Resort & Entertainment stock, see the HOFV Stock Forecast page.

Spark’s Take on HOFV Stock

According to Spark, TipRanks’ AI Analyst, HOFV is a Neutral.

Hall of Fame Resort & Entertainment faces severe financial challenges, with high leverage, negative cash flow, and poor profitability. While there is short-term positive momentum in technical analysis, the negative P/E ratio and lack of dividend yield highlight valuation concerns. The overall financial health remains a critical risk, impacting the stock’s attractiveness despite some technical strengths.

To see Spark’s full report on HOFV stock, click here.

More about Hall of Fame Resort & Entertainment

Hall of Fame Resort & Entertainment Company operates in the entertainment industry, focusing on developing and managing sports, entertainment, and media assets. The company is involved in creating unique experiences and leveraging its partnerships with the Pro Football Hall of Fame to enhance its offerings.

Average Trading Volume: 188,228

Technical Sentiment Signal: Sell

Current Market Cap: $5.7M

Learn more about HOFV stock on TipRanks’ Stock Analysis page.