Hall of Fame Resort drops on mixed-shelf offering, postpones music fest

Hall of Fame Resort & Entertainment Co

02/09/2021 11:29

** Hall of Fame Resort & Entertainment's  HOFV.O  shares
down as much as 11.04% at $2.98 premarket, among top pct. losers
on the Nasdaq before the bell 
    ** Co files for a mixed-shelf offering of up to $50 mln,
according to a regulatory filing  urn:newsml:reuters.com:*:nFWN2Q30XJ
    ** HOFV also postpones the Highway 77 Music Festival due to
an increase in COVID-19 cases throughout Ohio
    ** The festival, which was scheduled to take place on Sept.
12, will be rescheduled to summer 2022 - HOFV
    ** Co, which has a market cap of about $318.23 mln, has
about 58.03 mln shares outstanding
    ** Stock had more than doubled in value YTD, as of last
close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))