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HALL OF FAME INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Hall of Fame Resort & Entertainment Company - HOFV

1. HOFV's sale to Industrial Realty Group is under investigation. 2. Shareholders will receive $0.90 per share in the proposed deal. 3. Kahn Swick & Foti are evaluating the adequacy of the sale's valuation. 4. Concerns exist that the sale undervalues HOFV significantly.

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FAQ

Why Bearish?

The investigation suggests potential undervaluation, indicating negative sentiment among investors. Historical examples, such as undervalued acquisition attempts, demonstrate price declines when shareholder payouts are scrutinized.

How important is it?

Given the investigation's focus on sale valuation, it may affect investor confidence. If deemed undervalued, implications for share price could be significant.

Why Short Term?

The ongoing investigation is likely to create immediate uncertainty among investors. Recent similar cases in the market have shown quick reactions to such news.

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IRGSPAC
- NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Hall of Fame Resort & Entertainment Company (“HOF” or the “Company”) (NasdaqCM: HOFV) to affiliates of Industrial Realty Group, LLC. Under the terms of the proposed transaction, shareholders of HOF will receive $0.90 in cash for each share of HOF that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqcm-hofv/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com. More News From Kahn Swick & Foti, LLC

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