Attached files

file filename
EX-23.2 - CONSENT OF MARCUM LLP - Hall of Fame Resort & Entertainment Coea126246ex23-2_halloffame.htm
EX-23.1 - CONSENT OF MARCUM LLP - Hall of Fame Resort & Entertainment Coea126246ex23-1_halloffame.htm
EX-21.1 - SUBSIDIARIES OF HALL OF FAME RESORT & ENTERTAINMENT COMPANY - Hall of Fame Resort & Entertainment Coea126246ex21-1_halloffame.htm
EX-10.9 - EMPLOYMENT AGREEMENT, DATED AUGUST 31, 2020, BY AND BETWEEN TARA CHARNES AND HAL - Hall of Fame Resort & Entertainment Coea126246ex10-9_halloffame.htm
EX-10.8 - EMPLOYMENT AGREEMENT, DATED DECEMBER 1, 2019, BY AND BETWEEN ANNE GRAFFICE AND H - Hall of Fame Resort & Entertainment Coea126246ex10-8_halloffame.htm
EX-10.7 - EMPLOYMENT AGREEMENT, DATED SEPTEMBER 16, 2019, BY AND BETWEEN JASON KROM AND HO - Hall of Fame Resort & Entertainment Coea126246ex10-7_halloffame.htm
S-1/A - AMENDMENT NO.1 TO FORM S-1 - Hall of Fame Resort & Entertainment Coea126246-s1a1_halloffame.htm

Exhibit 5.1

 

Hunton AndrEws Kurth LLP

File No: 010280.0000001

   
September 2, 2020  

Hall of Fame Resort & Entertainment Company

2626 Fulton Drive NW

Canton, Ohio 44718

 

Hall of Fame Resort & Entertainment Company

Registration Statement on Form S-1

 

Ladies and Gentlemen:

 

We have acted as counsel to Hall of Fame Resort & Entertainment Company, a Delaware corporation (the “Company”), in connection with the preparation and filing by the Company of Amendment No. 1 to Registration Statement on Form S-3 on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission (the “Commission”) on the date hereof pursuant to the Securities Act of 1933, as amended (the “Securities Act”). The Registration Statement relates to the registration of 24,731,195 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) that are issuable upon the exercise of 17,400,000 issued and outstanding warrants to purchase 1.421333 shares of our Common Stock (the “Warrants”). Capitalized terms used herein but not otherwise defined have the same meanings provided in the Registration Statement.

 

The Common Stock will be issued by the Company pursuant to (i) the Company’s Certificate of Incorporation, as amended through the date hereof, the “Certificate of Incorporation”), (ii) the Merger Agreement and (iii) the Warrant Agreement. The Common Stock will be issued and sold on a continuous or delayed basis pursuant to Rule 415 under the Securities Act, from time to time as set forth in the Registration Statement, the prospectus contained therein (the “Prospectus”) and any amendments or supplements thereto.

 

This opinion letter is being furnished in accordance with the requirements of Item 16 of Form S-1 and Item 601(b)(5)(i) of Regulation S-K.

 

In connection with this opinion letter, we have examined originals or copies, certified or otherwise identified to our satisfaction, of such documents and records of the Company, certificates of public officials and officers of the Company and such other documents, certificates and records as we have deemed necessary to render the opinions set forth herein, including, among other things, (i) the Certificate of Incorporation, (ii) the Company’s Amended and Restated By-Laws, as amended through the date hereof, (iii) the Registration Statement, (iv) resolutions of the Company’s Board of Directors authorizing the registration of the Common Stock, (v) the Merger Agreement, (vi) the Warrant Agreement and (vii) a certificate issued by the Secretary of State of the State of Delaware (the “Secretary of State”) on the date hereof to the effect that the Company is existing under the laws of the State of Delaware and in good standing (the “Good Standing Certificate”).

 

ATLANTA AUSTIN BANGKOK BEIJING BOSTON BRUSSELS CHARLOTTE DALLAS DUBAI HOUSTON LONDON

LOS ANGELES MIAMI NEW YORK NORFOLK RICHMOND SAN FRANCISCO THE WOODLANDS TYSONS WASHINGTON, DC

www.HuntonAK.com

 

 

 

 

 

 

Hall of Fame Resort & Entertainment Company

September 2, 2020

Page 2

 

For purposes of the opinions expressed below, we have assumed (i) the legal capacity of all natural persons, (ii) the genuineness of all signatures, (iii) the authenticity of all documents submitted to us as originals, (iv) the conformity to authentic original documents of all documents submitted to us as certified, electronic or photostatic copies and (v) the due authorization, execution and delivery of all documents by all parties and the validity, binding effect and enforceability thereof on such parties (other than the authorization, execution, delivery and enforceability of certain documents by the Company).

 

As to factual matters, we have relied upon, and assumed the accuracy of, representations included in the documents submitted to us, upon certificates of officers of the Company and upon certificates of public officials, without independent verification of their accuracy.

 

Based upon the foregoing and such other information and documents as we have considered necessary for the purposes hereof, and subject to the assumptions, qualifications and limitations stated herein, we are of the opinion that:

 

1. The Company is a corporation validly existing and in good standing under the laws of the State of Delaware.

 

2. The Common Stock has been duly authorized and, when and to the extent issued and sold against payment therefor in accordance with the terms of the Warrant Agreement and the Merger Agreement, the Common Stock will be validly issued, fully paid and nonassessable.

 

The opinions expressed above are limited to the General Corporation Law of the State of Delaware in effect on the date hereof. We do not express any opinion as to the laws of any other jurisdiction.

 

The opinion set forth in paragraph 1 above as to the valid existence and good standing of the Company is based solely upon our review of the Good Standing Certificate.

 

We hereby consent to the filing of this opinion letter with the Commission as an exhibit to the Registration Statement and the reference to our firm under the heading “Legal Matters” in the Prospectus and the Registration Statement. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.

 

 

 

 

 

Hall of Fame Resort & Entertainment Company

September 2, 2020

Page 3

 

This opinion letter is rendered as of the date hereof, and we disclaim any obligation to advise you of facts, circumstances, events or developments that hereafter may be brought to our attention and that may alter, affect or modify the opinion expressed herein. This opinion letter is expressly limited to the matters set forth above and we render no opinion, whether by implication or otherwise, as to any matters beyond the matters expressly set forth herein.

 

  Very truly yours,
   
  /s/ Hunton Andrews Kurth LLP