Financing ·
Venu Holding Corporation entered into a Securities Purchase Agreement on July 31, 2026, to issue $25 million in Senior…
VENUVenu Holding Corp
Venu Holding Corporation entered into a Securities Purchase Agreement on July 31, 2026, to issue $25 million in Senior Secured Convertible Debentures and warrants to an institutional investor. The company received initial gross proceeds of $11,875,000, with an additional $11,875,000 held as cash collateral pending a satisfactory appraisal for its amphitheater development in Broken Arrow, Oklahoma. The debentures mature on July 31, 2027, carry a 5% original issue discount, and are convertible at an initial fixed price of $7.50 per share or a variable price upon default. Warrants to purchase up to 1,000,000 shares are exercisable at $5.00 per share for five years. The net proceeds will primarily fund construction costs for the project. Venu Holding Corporation operates in the real estate development industry, specifically focusing on entertainment venue construction.