Venu Holding prices $30 million public offering at $12 per share

NEW YORK - Venu Holding Corporation (NYSE American:VENU), a developer of upscale live music venues with a market capitalization of $647 million, announced Tuesday the pricing of an underwritten public offering of 2.5 million shares of common stock at $12 per share, raising $30 million in gross proceeds. The announcement comes amid a challenging week for the stock, which has declined over 31% according to InvestingPro data.

The company has granted underwriters a 45-day option to purchase up to an additional 375,000 shares to cover over-allotments at the same price. The offering is expected to close on Wednesday, subject to customary closing conditions.

Venu intends to use the net proceeds to fund development costs for its Sunset McKinney and Sunset Broken Arrow projects, as well as for working capital and general corporate purposes, according to the press release statement.

ThinkEquity is serving as the sole book-running manager for the offering, which follows the company’s registration statement on Form S-1 becoming effective on August 26.

Founded by Colorado Springs entrepreneur J.W. Roth, Venu operates hospitality and entertainment destinations in Colorado Springs, Colorado, and Gainesville, Georgia. The company’s venues include Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and in Colorado Springs, the Ford Amphitheater.

The company is expanding with new Sunset Amphitheaters in Oklahoma and Texas, designed to host between 12,500 and 20,000 guests.

The announcement comes as Venu continues to develop its presence in the live entertainment sector through partnerships with companies like AEG Presents. With a gross profit margin of 38% and projected revenue growth of 35% for the current year, the company shows promising operational metrics despite current challenges. Discover more detailed insights and 12 additional ProTips for VENU through a comprehensive InvestingPro subscription.

In other recent news, Venu Holding Corporation reported its Q2 2025 earnings, revealing a total revenue of $4.5 million, which represents a 7% increase from the previous year. Despite the revenue growth, the company’s earnings per share (EPS) of -0.3 fell short of expectations. The company also announced plans to launch a blockchain-powered digital service in early 2026. This new service aims to enhance its entertainment ecosystem by creating tokenized membership and rewards for music fans. Venu plans to integrate this technology with its soft ticketing platform, offering flexible digital access to live entertainment. These developments reflect Venu’s ongoing efforts to expand its digital offerings and enhance user engagement.

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