Filing Details

Accession Number:
0001013762-25-002910
Form Type:
13D Filing
Publication Date:
2025-03-25 20:00:00
Filed By:
IRG Canton Village Manager, LLC
Company:
Hall Of Fame Resort & Entertainment Co (NASDAQ:HOFV)
Filing Date:
2025-03-26
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
IRG Canton Village Manager, LLC 0 840,168 0 840,168 840,168 12.3%
IRG Canton Village Member, LLC 0 840,168 0 840,168 840,168 12.3%
American Capital Center, LLC 0 18,521 0 18,521 18,521 0.3%
CH Capital Lending, LLC 0 11,998,475 0 11,998,475 11,998,475 66.9%
IRG, LLC 0 459,533 0 459,533 459,533 6.4%
Midwest Lender Fund, LLC 0 405,293 0 405,293 405,293 5.7%
Stuart Lichter 0 13,735,624 0 13,735,624 13,735,624 72.5%
Filing





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D





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SCHEDULE 13D



Comment for Type of Reporting Person:
(1) Percentage based on 6,698,645 shares of Common Stock issued and outstanding as of March 21, 2025, as reported by the Issuer in its Annual Report on Form 10-K filed with the SEC on March 26, 2025. Information regarding shares of Common Stock issuable in respect of convertible debt and warrants based on information reported by the Issuer, including interest accruals and principal balance of convertible debt with interest paid in kind. (2) Each of IRG Canton Village Member, LLC ("IRG Canton Village Member") and IRG Canton Village Manager, LLC ("IRG Canton Village Manager") may be deemed to beneficially own 683,083 shares of Common Stock held by HOF Village, LLC through the IRG Canton Village Member's indirect (approximately 74.9%) ownership interest therein and IRG Canton Village Manager's role as manager of IRG Canton Village Member. For similar reasons, each may also be deemed to beneficially own 157,085 shares of Common Stock issuable upon the exercise of 2,432,500 Series A warrants held by HOF Village, LLC with an exercise price of $253.11 per share. The warrants are exercisable within 60 days. Each of IRG Canton Village Member and IRG Canton Village Manager disclaims beneficial ownership of all shares held by HOF Village, LLC, except to the extent of any actual pecuniary interest. For purposes of calculating their percentage ownership, the shares outstanding of the Issuer include the shares of Common Stock issuable upon the exercise of the Series A warrants. (3) American Capital Center, LLC beneficially owns 18,521 shares of the Issuer's Common Stock. (4) CH Capital Lending, LLC ("CH Capital") beneficially owns (a) 751,168 shares of Common Stock, (b) 92,432 shares of Common Stock issuable upon conversion of a $14,037,115 principal amount (as of December 31, 2024) convertible note (the "Convertible Note") with a conversion rate of 6.5849 shares of Common Stock per $1,000 principal amount, (c) 455,867 shares of Common Stock issuable upon the exercise of Series C warrants with an exercise price of $12.77 per share, (d) 111,321 shares of Common Stock issuable upon the exercise of Series D warrants with an exercise price of $12.77 per share, (e) 45,419 shares of Common Stock issuable upon the exercise of Series E warrants with an exercise price of $12.77 per share, (f) 521,493 shares of Common Stock issuable upon conversion of 15,000 shares of Series C Preferred Stock with a conversion price of $33.01 per share (including shares issuable in respect of accrued and unpaid dividends), (g) 4,488,879 shares of Common Stock issuable upon conversion of $16,339,523 principal amount (as of December 31, 2024) under the Third Amendment to Second Amended and Restated Secured Cognovit Promissory Note, dated March 17, 2023, as amended (the "2020 Term Loan Note") with a conversion price of $3.64 per share, (h) 3,174,792 shares of Common Stock issuable upon conversion of $11,556,245 principal amount (as of December 31, 2024) under the First Amended and Restated Promissory Note, dated December 8, 2023 (the "2022 Term Loan Note") with a conversion price of $3.64 per share, (i) 1,033,900 shares of Common Stock issuable upon conversion of a $13,202,903 principal amount (as of December 31, 2024) under the Business Loan Agreement, dated June 16, 2022 (the "Bridge Loan") with a conversion price of $12.77 per share, (j) 900,283 shares of Common Stock issuable upon the conversion of a promissory note with an outstanding amount of $11,496,624 (as of January 15, 2025) with a conversion price of $12.77 per share (the "Hotel II Note"), and (k) 422,921 shares of Common Stock issuable upon the conversion of a promissory note with an outstanding amount of $5,400,706 (as of January 15, 2025) with a conversion price of $12.77 per share (the "Split Note") . The convertible note, the Series C Preferred Stock, the 2020 Term Loan Note, the 2022 Term Loan Note, the Bridge Loan, the Hotel II Note and the Split Note are convertible, and the Series C, Series D and Series E warrants are exercisable within 60 days. For purposes of calculating its percentage ownership, the shares outstanding of the Issuer include the shares of Common Stock issuable upon the exercise of the warrants and the conversion of the Convertible Note, the Series C Preferred Stock, the 2020 Term Loan Note, the 2022 Term Loan Note, the Bridge Loan, the Hotel II Note and the Split Note. (5) IRG, LLC ("IRG") beneficially owns (a) 15,950 shares of the Issuer's Common Stock, (b) 420,875 shares of Common Stock issuable upon the conversion of $5,374,579 principal amount (as of December 31, 2024) promissory note with a conversion price of $12.77 per share, and (c) 22,709 shares of Common Stock issuable upon the exercise of Series E warrants with an exercise price of $12.77 per share. The convertible note and the Series E warrants are exercisable within 60 days. For purposes of calculating its percentage ownership, the shares outstanding of the Issuer include the shares of Common Stock issuable upon the exercise of the Series E warrants and the conversion of the convertible promissory note. (6) Midwest Lender Fund, LLC ("MLF") beneficially owns (a) 5,681 shares of the Issuer's Common Stock, (b) 5,677 shares of the Common Stock issuable upon the exercise of Series G warrants with an exercise price of $12.77 per share, and (c) 393,935 shares of Common Stock issuable upon the conversion of $5,030,559 principal amount (as of December 31, 2024) promissory note with a conversion price of $12.77 per share. For purposes of calculating its percentage ownership, the shares outstanding of the Issuer include the shares of Common Stock issuable upon the exercise of the Series G warrants and the conversion of the convertible promissory note. (7) Mr. Lichter beneficially owns 9,090 shares of Common Stock and 4,543 shares of Common Stock issuable upon the exercise of Series B warrants with an exercise price of $30.81 per share. The Series B warrants are exercisable within 60 days. Mr. Lichter may be deemed to beneficially own (a) through his indirect ownership of membership interests in IRG, (i) 15,950 shares of Common Stock held by IRG, (ii) 22,709 shares of Common Stock issuable to IRG upon the exercise of Series E warrants with an exercise price of $12.77 per share and (iii) 420,875 shares of Common Stock issuable to IRG upon the conversion of $5,374,579 principal amount (as of December 31, 2024) promissory note with a conversion price of $12.77 per share, (b) through his beneficial ownership of membership interests in MLF, (i) 5,681 shares of Common Stock, (ii) 5,677 shares of Common Stock issuable to MLF upon the exercise of Series G warrants with an exercise price of $12.77 per share, and (iii) 393,935 shares of Common Stock issuable to MLF upon the conversion of $5,030,559 principal amount (as of December 31, 2024) promissory note with a conversion price of $12.77 per share, (c) through his indirect ownership of membership interests in CH Capital, (i) 751,168 shares of Common Stock (ii) 455,867 shares of Common Stock issuable to CH Capital upon the exercise of Series C warrants with an exercise price of $12.77 per share, (iii) 111,321 shares of Common Stock issuable to CH Capital upon the exercise of Series D warrants with an exercise price of $12.77 per share, (iv) 45,419 shares of Common Stock issuable to CH Capital upon the exercise of Series E warrants with an exercise price of $12.77 per share, (v) 521,493 shares of Common Stock issuable to CH Capital upon conversion of 15,000 shares of Series C Preferred Stock with a conversion price of $33.01 per share (including shares issuable in respect of accrued and unpaid dividends), (vi) 4,488,879 shares of Common Stock issuable to CH Capital upon conversion of a $16,339,523 principal amount (as of December 31, 2024) pursuant to the 2020 Term Loan Note with a conversion price of $3.64 per share, (vii) 3,174,792 shares of Common Stock issuable to CH Capital upon conversion of a $11,556,245 principal amount (as of December 31, 2024) pursuant to the 2022 Term Loan Note with a conversion price of $3.64 per share, (viii) 1,033,900 shares of Common Stock issuable to CH Capital upon conversion of a $13,202,903 principal amount (as of December 31, 2024) under the Bridge Loan with a conversion price of $12.77 per share, (ix) 92,432 shares of Common Stock issuable to CH Capital upon the conversion of a $14,037,115 principal amount (as of December 31, 2024) pursuant to the Convertible Note with a conversion rate of 6.5849 shares of Common Stock per $1,000 principal amount, (x) 900,283 shares of Common Stock issuable upon the conversion of a promissory note with an outstanding amount of $11,496,624 (as of January 15, 2025) under the Hotel II Note with a conversion price of $12.77 per share and (xi) (x) 422,921 shares of Common Stock issuable upon the conversion of a promissory note with an outstanding amount of $5,400,706 (as of January 15, 2025) under the Split Note with a conversion price of $12.77 per share (d) 18,521 shares of Common Stock through his indirect control over American Capital Center, LLC. The Convertible Note, the Series C Preferred Stock, the 2020 Term Loan Note, the 2022 Term Loan Note, the Bridge Loan, the Hotel II Note and the Split Note are convertible, and the Series C, D and E warrants are exercisable within 60 days. Mr. Lichter may also be deemed to beneficially own 683,083 shares of Common Stock through his indirect ownership interest in IRG Canton Village Member, which in turn owns approximately a 74.9% interest in HOF Village, LLC. HOF Village, LLC owns 683,083 shares of Common Stock. He may also be deemed to beneficially own 157,085 shares of Common Stock issuable upon the exercise of 2,432,500 Series A warrants held by HOF Village, LLC with an exercise price of $253.11 per share. The Series A warrants are exercisable within 60 days. Mr. Lichter disclaims beneficial ownership of all shares held by IRG Canton Village Member, IRG Canton Village Manager, CH Capital, IRG, MLF, and American Capital Center, LLC, except to the extent of any actual pecuniary interest. For purposes of calculating his percentage ownership, the shares outstanding of the Issuer include the shares of Common Stock issuable upon the exercise and/or conversion of (a) the Series B warrants to Mr. Lichter, (b) the Series C, Series D and Series E warrants to CH Capital, (c) the Series C Preferred Stock to CH Capital, (d) the Convertible Note, 2020 Term Loan Note, 2022 Term Loan Note, Bridge Loan, Hotel II Note and Split Note to CH Capital, (e) the Series G warrants to MLF, (f) the convertible promissory note to MLF (g) the Series A warrants to HOF Village, LLC, and (h) the convertible promissory note to IRG.


SCHEDULE 13D

 
IRG Canton Village Manager, LLC
 
Signature:/s/ Stuart Lichter
Name/Title:Stuart Lichter/President
Date:03/26/2025
 
IRG Canton Village Member, LLC
 
Signature:/s/ Stuart Lichter
Name/Title:Stuart Lichter/President
Date:03/26/2025
 
American Capital Center, LLC
 
Signature:/s/ Richard Klein
Name/Title:Richard Klein/Chief Financial Officer
Date:03/26/2025
 
CH Capital Lending, LLC
 
Signature:/s/ Richard Klein
Name/Title:Richard Klein/Chief Financial Officer
Date:03/26/2025
 
IRG, LLC
 
Signature:/s/ Stuart Lichter
Name/Title:Stuart Lichter/President
Date:03/26/2025
 
Midwest Lender Fund, LLC
 
Signature:/s/ Stuart Lichter
Name/Title:Stuart Lichter/President
Date:03/26/2025
 
Stuart Lichter
 
Signature:/s/ Stuart Lichter
Name/Title:Stuart Lichter, an individual
Date:03/26/2025