Hall of Fame Resort & Entertainment : Regains Nasdaq Listing Compliance – Form 8-K
, 2023-01-13 16:00:18,
Hall of Fame Resort & Entertainment Company Regains Nasdaq Listing Compliance
CANTON, Ohio – January 11, 2023 – Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) (the “Company”), the only resort, entertainment and media company focused on the power of professional soccer, today announces that it has received written notification of the Ratings Department of the Securities and Exchange Department of Nasdaq (“Nasdaq”) informing the Company that it has again met Nasdaq’s minimum offering price listing requirement. The Company has qualified for continued trading by meeting the minimum offering price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). Consequently, Nasdaq has reported that the matter is now closed.
“What we have been experiencing as a company is no different than the rest of the world when it comes to the macroeconomic environment. The global pandemic, supply chain issues, conflicts and international wars are all factors that have put external pressure on our prices. of shares, just as they have in the rest of the stock market. The decision we made to complete our reverse stock split was made with our shareholders and the continued growth of our company in mind,” shared the president and HOFV CEO Michael Crawford. “We believe that decisive action and regaining compliance with Nasdaq’s listing rules aids our ability to achieve several important corporate objectives, including…
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