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Hall of Fame Resort Faces Nasdaq Delisting Risk
Company Announcements

Hall of Fame Resort Faces Nasdaq Delisting Risk

Story Highlights
  • Hall of Fame Resort received a Nasdaq deficiency letter for not holding a required annual meeting.
  • Jerome Bettis resigned from the Board due to other obligations, effective January 16, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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

On January 10, 2025, Hall of Fame Resort & Entertainment Company received a deficiency letter from Nasdaq for not holding an annual stockholders meeting within 12 months following its fiscal year end on December 31, 2023, as required by Nasdaq rules. The company plans to submit a compliance plan to address this issue by February 24, 2025, and if accepted, could be granted an extension until June 30, 2025. Failure to comply may lead to delisting from Nasdaq, impacting the company’s stock trading. Additionally, effective January 16, 2025, Jerome Bettis resigned from the company’s Board due to other professional and personal obligations, with no disagreements on company matters cited.

More about Hall of Fame Resort & Entertainment

Hall of Fame Resort & Entertainment Company operates in the entertainment industry, focusing on creating unique experiences and content related to professional football. Their market focus includes leveraging the football brand to engage consumers and stakeholders.

YTD Price Performance: 2.44%

Average Trading Volume: 44,721

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $8.39M

See more insights into HOFV stock on TipRanks’ Stock Analysis page.

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