Hall of Fame Resort Faces Merger Termination Risk

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

On October 22, 2025, Hall of Fame Resort & Entertainment Company announced a Twelfth Amendment to its Note and Security Agreement with CH Capital Lending, increasing its borrowing capacity by $2 million for general corporate purposes. This amendment, effective October 17, 2025, also extended the maturity date and involved a Membership Interests Pledge Agreement. The company is facing potential financial challenges, as it received a notice of intent to terminate a merger agreement due to unmet obligations, with extensions granted until October 31, 2025. Failure to resolve these issues could significantly impact the company’s liquidity and financial stability.

The most recent analyst rating on (HOFV) stock is a Sell with a $0.50 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 Underperform.

The overall stock score is primarily influenced by significant financial challenges, including high leverage and negative cash flows. Technical analysis also indicates bearish trends, further impacting the score. Valuation metrics are unfavorable, with a negative P/E ratio and no dividend yield, contributing to the low score.

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 and leisure industry, focusing on sports-themed resorts and entertainment experiences. The company is involved in developing and managing sports and entertainment destinations, leveraging partnerships with sports organizations and media entities to enhance its offerings.

Average Trading Volume: 28,366

Technical Sentiment Signal: Sell

Current Market Cap: $3.18M

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