Venu Holding Corp

Venu Holding Corporation held its 2026 Annual Meeting of Shareholders on September 23, 2026. Shareholders approved an amendment to the Amended and Restated 2023 Omnibus Incentive Compensation Plan, increasing the number of shares reserved for awards from 7,500,000 to 10,000,000. The meeting also saw the election of seven directors and the approval of the potential issuance of 20% or more of the Company's outstanding Common Stock in connection with the July 2026 Debt Financing. Additionally, the appointment of Grassi & Co., CPAs, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified.

Venu Holding Corporation reported its second-quarter and half-year 2026 financial results, showcasing significant asset growth and strategic advancements. Total assets surged by 38% to $511.8 million, driven by a 46% increase in property and equipment. The company also announced major expansion plans, secured substantial C-PACE financing, and formed key partnerships, including a naming rights deal for its Broken Arrow amphitheater and the addition of a strategic advisor.

Venu Holding Corp. reported a net loss of $34.18 million for the six months ended June 30, 2026, compared to a $31.74 million loss in the prior year period. Total revenues increased by 7% to $8.55 million, driven by a 22.4% rise in restaurant revenue. The company continued its significant expansion with substantial investments in new amphitheater projects, leading to a large increase in property and equipment, funded by significant financing activities.

Venu Holding Corporation has entered into an exclusive Ticketing Agreement with Ticketmaster L.L.C., effective August 3, 2026. Under the agreement, Ticketmaster will be the sole ticketing agent for all attractions at Venu Holding's amphitheaters in Broken Arrow, Oklahoma, McKinney, Texas, and El Paso, Texas. The initial term of the agreement is for five years following the opening of the last amphitheater, with provisions for automatic renewals and specific termination clauses. The agreement also outlines various fees and charges for ticketing services, while allowing Venu Holding to manage certain direct sales.

Venu Holding Corp entered into a Securities Purchase Agreement with an institutional investor to issue $25,000,000 in Senior Secured Convertible Debentures and warrants for 1,000,000 shares of common stock. The company received initial gross proceeds of $11,875,000, with an additional $11,875,000 contingent on a satisfactory appraisal of its Broken Arrow amphitheater project. The funds are earmarked for the ongoing construction and development of "The Sunset BA" amphitheater, with the debentures maturing on July 31, 2027, and secured by subsidiary assets and a personal guarantee from the CEO.

Venu Holding Corp.'s subsidiary, Sunset Operations at Broken Arrow, LLC, has signed a Consulting and Management Agreement with Legends Global Theater Management, LLC. This partnership designates Legends Global as the exclusive manager for the Regent Bank Amphitheater (The Sunset BA) in Broken Arrow, Oklahoma, which is targeted to open in Fall 2026. Legends Global will provide pre-opening advisory services and, post-opening, will manage day-to-day operations, event booking, staffing, and marketing for the 12,500-seat venue. Venu will retain oversight of sponsorship agreements and direct booking through its internal team and promoter partners.

Venu Holding Corp (VENU) secured a $20 million secured promissory note (bridge loan) from Ryan, LLC on July 17, 2026. The loan, with an 18% annual interest rate, is intended to fund ongoing construction costs for its in-development amphitheater projects, including the Sunset Amphitheater in McKinney, Texas. The loan matures in 90 days and is secured by various company properties and assets, with CEO J.W. Roth providing a personal guaranty. This financing bridges the company to expected permanent financing in the third quarter of fiscal 2026, aiming to advance expansion without shareholder dilution.

Venu Holding Corporation has entered into an At-The-Market (ATM) Sales Agreement with ThinkEquity LLC, allowing the company to offer and sell up to $250 million of its common stock from time to time. ThinkEquity LLC will act as the sole sales agent, selling shares on the NYSE American or other markets. The company will pay a 3.0% commission on gross sales, and the agreement provides flexibility for Venu Holding Corp to raise capital as needed, though there is no obligation to sell any shares.

Venu Holding Corp announced the sale of approximately 9.5 acres of land in Colorado Springs, Colorado, which underlies its Ford Amphitheater, for a purchase price of $49.7 million. The sale, conducted through a subsidiary, also included an adjacent 1.1-acre undeveloped parcel for $10.00. The transaction was structured with a cash payment and a promissory note, and Venu Holding Corp will issue 5 million warrants to the buyer. The company intends to use the proceeds to fund redemptions of subsidiary beneficial interests and support ongoing development activities. Concurrently, a 25-year ground lease agreement was established for the property, with annual base rent starting at $4.22 million and escalating every five years.

Venu Holding Corporation reported its first-quarter fiscal 2026 financial results, highlighting a significant increase in total assets to $461.3 million, up 25% from year-end 2025. The company successfully closed an $86.25 million equity capital raise and saw total revenue grow by 11% to $3.9 million, despite reporting a net loss of $14.4 million. Operationally, Venu made progress on venue developments, secured new partnerships with PepsiCo and Aramark, and announced plans for a new $300 million amphitheater in Chattanooga, Tennessee, alongside new product offerings for its Luxe FireSuites.