1. VENU closed its public offering of 2,875,000 shares at $12 each. 2. Gross proceeds of $34.5 million will fund new venue developments. 3. Offering includes 375,000 shares from an underwriter's additional purchase option. 4. Net proceeds will support Sunset McKinney and Broken Arrow projects. 5. ThinkEquity managed the offering as the book-running manager.
The successful capital raising improves VENU's financial flexibility and supports growth projects, much like past successful offerings have positively impacted peers by better positioning them for expansion and operational endeavors.
The article highlights significant financial maneuvers aimed at growth, suggesting solid prospects that could attract investor interest and influence market sentiment.
The funds will enable VENU to develop new high-capacity venues, potentially enhancing revenue streams in the future, reflecting a well-structured long-term growth strategy seen previously in similar companies like Live Nation.
Venu Holding Corporation ("VENU" or the "Company") (NYSE:VENU), a developer and operator of upscale live music venues and premium hospitality destinations, today announced the closing of its previously announced public offering of 2,875,000 shares of its common stock, including 375,000 shares sold upon full exercise of the underwriter's option to purchase additional shares, at a public offering price of $12.00 per share, for gross proceeds of $34,500,000, before deducting underwriting discounts and offering expenses.
The Company intends to use the net proceeds from the offering to fund a portion of the development costs of the Sunset McKinney and the Sunset Broken Arrow, and for working capital and other general corporate purposes.
ThinkEquity acted as sole book-running manager for the offering.
A registration statement on Form S-1 (File No. 333-289800) relating to the securities was filed with the Securities and Exchange Commission ("SEC") and became effective on August 26, 2025. This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus has been filed with the SEC and is available on the SEC's website located at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
ABOUT VENU HOLDING CORPORATION:
Venu Holding Corporation (NYSE:VENU), founded by Colorado Springs entrepreneur J.W. Roth, is a premier hospitality and live music venue developer dedicated to building luxury, experience-driven entertainment destinations. VENU's campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, the more than 9,000-seat Ford Amphitheater and Roth's Sea and Steak. Expanding with new Sunset Amphitheaters in Oklahoma and Texas, VENU's upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU's vision of redefining the live entertainment experience. Click here for company overview.
VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU's website, Instagram, LinkedIn, or X.
Forward Looking Statements:
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the public offering that was filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
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Media Relations
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Investor Relations
Chloe Hoeft
choeft@venu.live