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Hall of Fame Resorts & Entertainment (HOFV) Stock Soars After Deal With Sports Illustrated Studios

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Updated: 05 November 2020

Shares of Hall of Fame Resort & Entertainment (NASDAQ: HOFV) have shot higher premarket on Thursday after the company announced it has signed a media partnership agreement with WaV and Sports Illustrated Studios. 

The deal will see the resort and entertainment company produce an exclusive new docuseries centred around the NFL Alumni Academy and its player development program. 

HOFV said: “This strategic partnership allows HOFV to deliver upon its business goals and objectives by creating exciting new content for its media division, which will be used to further support its long-term strategic priorities.”

HOFV also revealed that it has filed its Form 10-Q, with the company stating that it is an early-stage development company and has invested $250 million in its expansion so far.

The company recently named Spectra Partnerships, a hosting and entertainment company, as an official partner. 

Investors certainly seem to be encouraged by the company’s rapid growth, with its share price surging 161.05% to $4.96 premarket after closing Wednesday at $1.90.

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