IPO - Venu Holding Corp

Form Type: 253G1

Filing Date: 2025-06-09

Corporate Action: Ipo

Type: New

Accession Number: 000164117225014357

Filing Summary: Venu Holding Corporation is conducting an offering of up to 4,750,000 shares of Series A 8.0% Cumulative Redeemable Convertible Preferred Stock at $15.00 per share, aiming for a maximum total of $71,250,000. The offering is aimed at attracting investment in the company, which focuses on upscale music venues and related hospitality operations. The preferred stock will have a liquidation preference of $15.00, eligible for cumulative dividends payable quarterly, and is convertible into common stock. Venu plans to apply for the Series A Preferred Stock to be listed on the NYSE American under the symbol 'VENU.PR A'. The company expects to host several significant events and is active in developing additional venues across multiple states. This offering is being marketed on a 'best efforts' basis, with proceeds to be managed in escrow until closing. There are risks associated with the offering, including uncertainties in achieving the projected financing goals and the market acceptance of the new stock.