Venu Holding Corp board authorizes $10 million share repurchase program

Venu Holding Corp (NYSE:VENU) announced that its board of directors has authorized a share repurchase program of up to $10 million of its outstanding common stock, representing about 2.4% of the company’s $413 million market capitalization. The program, which was approved Tuesday, allows for repurchases to be made through open-market transactions or privately negotiated deals, subject to market conditions and legal requirements.

According to the company’s statement, the share repurchase program will expire on December 31, 2026, unless terminated or suspended earlier by the company. Venu Holding Corp is not obligated to acquire any specific amount of shares under the program. The timing and quantity of any repurchases may depend on factors such as share price, liquidity, cash flows, and general market conditions.

The company may conduct open-market repurchases in accordance with Rule 10b-18 under the Securities Exchange Act of 1934 and may also enter into Rule 10b5-1 plans to facilitate the repurchase of shares. This announcement comes as VENU’s stock has taken a significant hit, dropping 12.2% over the past week according to InvestingPro data, though it currently trades slightly below its Fair Value estimate.

Venu Holding Corp’s common stock is listed on the NYSE American under the ticker symbol VENU. The company is incorporated in Colorado and operates in the amusement and recreation services sector.

This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.

In other recent news, Venu Holding Corporation reported its third-quarter 2025 earnings, revealing a narrower-than-expected loss in earnings per share at -$0.15, compared to the forecasted -$0.39. The company also experienced a significant increase in revenue, reaching $5.3 million. Additionally, Venu Holding announced a $10 million share repurchase program, authorized by its board of directors, which will run through December 31, 2026. This buyback program allows the company to acquire shares through various methods, including open market purchases and privately negotiated transactions. The decision to initiate the buyback reflects management’s belief in the undervaluation of the stock. Furthermore, Venu Holding recently broke ground on the 12,500-seat Sunset Amphitheater in El Paso, marking a significant development in the Cohen Entertainment District. This venue is designed with advanced features to support year-round operations. These developments highlight Venu Holding’s strategic moves to enhance shareholder value and expand its entertainment offerings.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.