M&A - Venu Holding Corp

Form Type: 8-K

Filing Date: 2025-01-17

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225002813

Filing Summary: On January 13, 2025, Venu Holding Corporation entered into a Series A Preferred Stock Purchase Agreement with FL101, Inc., acquiring 1,487,099 shares of FL101’s preferred stock for $1,999,999.45. The preferred stock provides powers, preferences, and special rights including liquidation preferences, protective provisions, and conversion rights. The Company also engaged in an Amended and Restated Shareholders' Agreement outlining various governance matters and rights associated with the preferred stock. Furthermore, on January 14, 2025, Venu Holding Corporation closed on the purchase of a 46-acre tract of land in McKinney, Texas, for $35 million to develop The Sunset Amphitheater, with funding structured through cash and a secured promissory note.

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