Latest news with #RegA
Yahoo
08-08-2025
- Business
- Yahoo
Limitless X Holdings, Inc. Receives SEC Notice of Qualification for Regulation A Offering
LOS ANGELES, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Limitless X Holdings, Inc. (OTCQB: LIMX), a company dedicated to inspiring and empowering individuals while also maximizing shareholder value through a dynamic, value-driven ecosystem that integrates health, wellness, entertainment, fintech, and real estate, is excited to announce that its Regulation A+ (Reg A+) Offering has been officially qualified by the U.S. Securities and Exchange Commission (SEC) and is now effective. The strategic offering of Series D 15% Cumulative Redeemable Perpetual Preferred Stock represents a major milestone in the company's vision for long-term growth and capital expansion. With this qualification, Limitless X can now accept investments under the offering as it works to strengthen its financial position, accelerate expansion into new markets, and drive continued innovation across its diversified business verticals. Key Highlights: Stock Offering: Series D 15% Cumulative Redeemable Perpetual Preferred Stock Offering Size: Up to $75 million, if fully subscribed Dividend Rate: 15% per annum, paid quarterly Price per Share: $25.00 Use of Proceeds: We intend to allocate the funds toward operational scaling, product development and launch, sales growth, market expansion, and brand building, all with the objective of driving long-term shareholder value. 'We are thrilled to offer our shareholders this unique investment opportunity,' said Jas Mathur, CEO of Limitless X. 'With a 15% fixed annual dividend and quarterly payouts, this high-yield Reg A+ offering presents a rare chance for everyday investors to access institutional-grade returns typically reserved for Wall Street insiders. This offering marks a pivotal moment in our journey as we accelerate expansion across high-growth sectors including health, wellness, entertainment, digital assets, and real estate. Investors not only gain access to a steady income stream, but also become part of a dynamic public company with a long-term vision to redefine how value and innovation are delivered across industries. Whether you're seeking passive income or long-term portfolio diversification, this is a ground-floor opportunity to invest in a forward-thinking ecosystem designed to deliver sustainable growth, consistent dividends, and meaningful shareholder value.' About Limitless X Holdings, X Holdings, Inc. is building a diversified, value-driven ecosystem targeting the expanding global markets in Health, Wellness, Entertainment, Community, and Brand Development. Through its wholly owned subsidiary, Limitless X, Inc., the Company operates a scalable Direct-to-Consumer eCommerce platform delivering innovative products and services that empower consumers to optimize their lifestyles and well-being. Forward-looking Statements This press release may contain forward-looking statements, including expectations about our expansion across key industries, consistent dividends and capital usage. Actual outcomes may differ due to regulatory conditions, macroeconomic factors, execution risk or other risks described in our Offering Circular, dated August 1, 2025, which is available at the SEC website and filed with the SEC at Limitless X undertakes no obligation to update forward-looking statements except as required by law. Important Information This press release does not constitute an offer to sell or a solicitation of an offer to buy securities. Any such offer will be made solely through the Offering Circular filed by Limitless X with the SEC, available at Investing involves risks, and potential investors should carefully review the Offering Circular before making any investment decisions. Media Contactmedia@ Investor Relations Contactinvestors@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Los Angeles Times
22-07-2025
- Business
- Los Angeles Times
In Case You Missed It: Dr. Patrick Soon-Shiong Discusses theLaunch of the Los Angeles Times Next Network on ‘The DailyShow with Jon Stewart'
During an appearance on 'The Daily Show with Jon Stewart,' Los Angeles Times owner Dr. Patrick Soon-Shiong announced the launch of the L.A. Times Next Network. The new diversified media company is designed to rebuild trust in media and give voice to all by combining verified information, emerging technologies, and community participation across news, culture, entertainment, sports, and civic engagement. The Network consists of five coordinated pillars: the Los Angeles Times; LAT Next, a curated creator platform; Nant Games, focused on esports and civic/scientific gaming; NantStudios Virtual Production, oKering real-time virtual production capabilities; and L.A. Times Studios, supporting streaming, live events, and forums. The initiative will also pursue a novel Reg A+ financing, led by the investment bank Digital OKering, to broaden public ownership and participation allowing the readers, supporters and fans of the Los Angeles Times to become shareholders. Dr. Patrick Soon-Shiong said: 'My family bought the L.A. Times to ensure a voice for the community and now have a path to return it to the people. With this opportunity, readers, community members, everyone, will be the media: direct democracy in action. There's been an erosion of faith in our institutions, and I look forward to sharing this journey with the public. The need to restore truth and trust in media and in our institutions is more important now more than any time in our country's history- L.A. Times Next Network will strive to be the platform and the voice of the people.' Mark Elenowitz, Managing Director of Digital Offering, commented: 'We helped pioneer Regulation A to open ownership to everyday investors, and L.A. Times Next Network exemplifies that spirit, to allow those who have been customers and supporters of this iconic brand to become shareholders and participate in the next chapter of growth. This platform aligns community equity with a diversified, tech-enabled media ecosystem built on credibility, engagement data, and scalable production innovation.' Interested in becoming a shareholder? Sign up for information from Los Angeles Times Next Network, Inc. at
Business Wire
07-07-2025
- Business
- Business Wire
Venu Holding Corporation Signals Bold Expansion With Appointment of Terri Liebler as President of Growth and Strategy
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)-- Venu Holding Corporation ('VENU' or the 'Company') (NYSE American: VENU), a developer, owner and operator of upscale live music venues and premium hospitality destinations has announced the appointment of Terri Liebler to President of its newly established Growth and Strategy division. Liebler previously served as VENU's Chief Marketing Officer. Her new role reinforces the company's disruptive fan-first vision and accelerates its expansion across the nation. The newly created role reflects VENU's focus on strategic development, operational scale, and long-term shareholder value as it continues to live as a dominant force in live entertainment. The newly created role reflects VENU's focus on strategic development, operational scale, and long-term shareholder value as it continues to live as a dominant force in live entertainment. Share An industry veteran, Liebler brings decades of proven expertise in driving success through visionary leadership, profitability enhancement, and strategic growth in the sports and entertainment sectors. During her 22-year tenure at Live Nation (NYSE: LYV), she most recently served as Senior Vice President in the Media and Sponsorship Division. In her new role, Liebler will spearhead strategic initiatives focused on building key partnerships with industry stakeholders, developing innovative revenue streams, and advancing venue development in priority markets. Her experience makes her uniquely positioned to maximize VENU's growing national portfolio while driving long-term shareholder value and strengthening stakeholder equity across the organization. 'Leading this newly created division is an honor and privilege I don't take lightly,' said Terri Liebler, VENU's President of Growth and Strategy. 'Strategically growing our company will take relentless energy, careful decisiveness, and a laser-focused vision. I, along with JW and our leadership team, am dedicated to the pursuit of unparalleled success through meaningful relationships and unique partnerships.' 'Over the past six months, as we've been laying the groundwork for this division, I've grown more and more excited about what's ahead, and that's in large part because of Terri Liebler,' said J.W. Roth, Founder, Chairman, and CEO of VENU. 'Her tenacity, aggressive, and relentless work ethic is what this division needs to succeed. There's no doubt in my mind; she's the right person to drive this initiative forward.' Liebler's appointment and the creation of VENU's Growth and Strategy division underscore the company's expanded vision to scale their disruptive business model that brings premium venues to high-growth, underserved markets while democratizing ownership in live entertainment. VENU offers music fans and investors alike the opportunity to own a piece of the encore, from real estate and Reg A+ Preferred offerings to public market entry, getting in on the ground floor of a fan-founded, fan-owned movement. This strategic expansion reflects VENU's commitment to unlocking long-term growth by aligning entertainment innovation with scalable, asset-backed development, and delivering meaningful value to its growing base of shareholders and stakeholders. ABOUT VENU HOLDING CORPORATION: Venu Holding Corporation ('VENU') (NYSE American: VENU), founded by Colorado Springs entrepreneur and 2023 VenuesNow All-star, J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, artist-centric, experience-driven entertainment destinations. VENU's campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 9,570-seat Ford Amphitheater. Expanding with new multi-season Sunset Amphitheaters in Oklahoma and Texas, VENU's upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU's vision of redefining the premium live entertainment experience. Click here to view our company overview. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU's website, Instagram, LinkedIn, or X. Forward Looking Statements Certain statements in this press release constitute 'forward-looking statements' within the meaning of the federal securities laws. Words such as 'may,' 'might,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'predict,' 'forecast,' 'project,' 'plan,' 'intend' or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. Disclaimer: VENU is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. Before making any investment, you are urged to read the Final Offering Circular carefully for a more complete understanding of the issuer and the offering. There is no guarantee of return, and you should only invest money that you can afford to lose. Use proper risk management when considering this investment. The offering documents may include 'forward-looking statements' within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions for forward-looking statements. This information is supplied from sources we believe to be reliable, but we cannot guarantee accuracy. Although we believe our expectations expressed in such forward-looking statements are reasonable, we cannot assure you that they will be realized. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to the risks and uncertainties set forth in the attached materials, which could cause actual results to differ materially from the anticipated results set forth in such forward-looking statements. Any forward-looking statement made by us speaks only as of the date on which it is made, and we undertake no obligation to publicly update any forward-looking statement except as may be required by law. The securities offered by VENU are highly speculative. Investing in these securities involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Investors must understand that such investment could be illiquid for an indefinite period of time. VENU intends to apply to have our Series A Preferred Stock listed on the NYSE American under the symbol 'VENUP' following the NYSE American's certification of the Form 8-A of the Company to be filed after the final closing of this offering. The listing of the Company's Series A Preferred Stock on the NYSE American is not a condition of the Company's proceeding with this offering, and no assurance can be given that our application to list on the NYSE American will be approved or that an active trading market for our Series A Preferred Stock will develop. Our Series A Preferred Stock is not currently listed or quoted on any exchange. For additional information on VENU, the offering and any other related topics, please review the Form 1-A offering circular that can be found by searching for VENU under Filings/Company filings search on Additional information concerning Risk Factors related to the offering, including those related to the business, government regulations, intellectual property and the offering in general, can be found in the risk factor section of the Form 1-A offering circular.
Yahoo
17-06-2025
- Business
- Yahoo
VENU CEO Talks Disruptive Fan-First Crowdfunding Model on Schwab Network's Next Gen Investing
Roth Breaks Down the Value of Broadening Retail Investor Access as Live Entertainment Evolves COLORADO SPRINGS, Colo., June 17, 2025--(BUSINESS WIRE)--A Reg A+ crowdfunding investment offer by Venu Holding Corporation ("VENU" or the "Company") (NYSE American: VENU), a developer, owner, and operator of upscale live music venues and premium hospitality destinations, took center stage during the June 13th broadcast of Nex Gen Investing. In a discussion with Founder, Chairman, and CEO J.W. Roth, Schwab Network hosts Alex Coffey and Jenny Horne explored the impact of the Company's retail-friendly approach to ownership amid seismic changes in the live music industry. "Congratulations on all your success, it's very rare we get to discuss a name that's up 18% on the year and up 2% today despite all of the overall market pressure. Really great conversation on what is now making me want to attend one of these concerts," said Schwab Network Host Jenny Horne, who further noted: "J.W. Roth CEO and Chairman of Venu Holding Corporation, a name that has been a nice out performer since its public offering." Catch the full conversation here. The interview covered VENU's roadmap towards $5 billion in new premium venues by year's end noting it's to-date achievement of $1 billion in new development projects amid surging demand for fan-centric live music experiences. Roth discussed the disruptive financing model for funding the ambitious growth which leverages "fractional ownership" to bring investors and stakeholders into the development process in a unique way. Beyond entertainment and infrastructure, Roth emphasized VENU's powerful role in driving economic impact in communities, creating jobs, boosting tourism, and generating significant economic activity. Increasing its appeal for municipal public-private partnerships- a key driver behind its disruptive and rapid growth VENU introduced an online investment platform for its Reg A+ Preferred Offering on June 10, 2025, as a fan-forward pathway to fractional ownership in an industry with rapidly growing opportunities. The offering of 8% convertible Preferred Stock enables accredited and non-accredited investors to take active ownership role in shaping the future of live entertainment. Take advantage of VENU's Reg A+ Offering here: Source: Venu Holding Corporation ABOUT VENU HOLDING CORPORATION: Venu Holding Corporation ("VENU") (NYSE American: VENU), founded by Colorado Springs entrepreneur and 2023 VenuesNow All-star, J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, artist-centric, experience-driven entertainment destinations. VENU's campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 9,570-seat Ford Amphitheater. Expanding with new multi-season Sunset Amphitheaters in Oklahoma and Texas, VENU's upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU's vision of redefining the premium live entertainment experience. Click here to view our company overview. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU's website, Instagram, LinkedIn, or X. Forward Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. VENU is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. Before making any investment, you are urged to read the Final Offering Circular carefully for a more complete understanding of the issuer and the offering. The securities offered by VENU are highly speculative. Investing in these securities involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment. Investors must understand that such investment could be illiquid for an indefinite period of time. VENU intends to apply to have our Series A Preferred Stock listed on the NYSE American under the symbol "VENUP" following the NYSE American's certification of the Form 8-A of the Company to be filed after the final closing of this offering. The listing of the Company's Series A Preferred Stock on the NYSE American is not a condition of the Company's proceeding with this offering, and no assurance can be given that our application to list on the NYSE American will be approved or that an active trading market for our Series A Preferred Stock will develop. Our Series A Preferred Stock is not currently listed or quoted on any exchange. For additional information on VENU, the offering and any other related topics, please review the Form 1-A offering circular that can be found by searching for VENU under Filings/Company filings search on Additional information concerning Risk Factors related to the offering, including those related to the business, government regulations, intellectual property and the offering in general, can be found in the risk factor section of the Form 1-A offering circular. View source version on Contacts Media Relations - Venu Holding Corporation ("VENU") venu@ Investor Relations - Venu Holding Corporation ("VENU") Chloe Hoeft, choeft@
Yahoo
15-05-2025
- Business
- Yahoo
Venu Holding Corporation Reports First Quarter 2025 Financial Results
Total assets increased $34,000,000 to over $212,000,000 VENU Accelerates Expansion, Launches New Partnerships, and Strengthens Market Leadership COLORADO SPRINGS, Colo., May 15, 2025--(BUSINESS WIRE)--Venu Holding Corporation ("VENU" or the "Company") (NYSE American: VENU), a developer, owner, and operator of upscale live music venues and premium hospitality destinations, announced today its first quarter 2025 results for the period ended March 31, 2025. "We entered 2025 with the pedal to the metal, and Q1 proved what we've known all along: our model works, our fans are hungry, and the market is ours to take," says J.W. Roth, Founder, Chairman, and CEO of VENU. "We had our strongest quarter yet in record-setting Luxe FireSuite sales, and a development pipeline that's firing on all cylinders across Texas, Oklahoma, Colorado, and beyond. "We're transforming communities, not just with venues, but with full-scale entertainment ecosystems that generate jobs, drive tourism, and deliver unforgettable memories—year-round. From launching our game-changing multi-season amphitheater model to locking in partnerships with Ryan, Connect Partnership Group, and Sands Investment Group, we've built an engine designed to scale faster and smarter than anyone in the game. "And the momentum? It's just getting started. We're planning to bring a state-of-the-art intimate concert hall and restaurant to Centennial, Colorado. We've doubled down in El Paso with an increased private investment commitment and an expanded development site. We're giving investors new ways to own a piece of all that we are building through NNN real estate, and our planned Reg A offering launching in a few weeks. And with industry legends like Vic Sutter and Tom Finke joining our team, our roster has never been stronger." Roth continued, "VENU is redefining what live entertainment looks like across the nation. So, buckle up—because what's coming next is bigger, louder, and more world-class than anything this industry has ever seen." First Quarter 2025 Financial Highlights Total assets increased $34,464,672 at 19% to $212,882,187 as of March 31, 2025, up from $178,417,515 at December 31, 2024. Property and equipment increased 33% to $182,906,195 as of March 31, 2025, up from $137,215,936 at December 31, 2024. Luxe FireSuite and Aikman Club sales reached $38.7 million for the three months ended March 31, 2025. Since launching in late February, Venu's Luxe FireSuites fractional ownership model—offering suite access at Sunset McKinney and Sunset Broken Arrow with 25% down and 20-year financing, has generated $12.5 million in sales through March 31, 2025, out of the $38.7 million total offering. Operational Highlights for Q1 and Subsequent Events: Launched a transformative multi-season venue configuration model, enabling year-round operations across upcoming and future amphitheaters in McKinney, TX; El Paso, TX; Broken Arrow, OK; and Oklahoma City, OK, unlocking new revenue and margin expansion opportunities. Under contract to acquire a strategic site in Centennial, Colorado, to expand VENU's iconic mid-size indoor venue brand with plans to transform the property into a $40 million entertainment campus featuring The Hall at Bourbon Brothers and a Bourbon Brothers Smokehouse & Tavern. This development also marks the debut of VENU's exclusive Luxe FireSuite fractional ownership opportunities, bringing these coveted experiences indoors for the first time. Expanded partnership with the City of El Paso, with a $100 million minimum investment commitment and securing a 20-acre development footprint for the future Sunset Amphitheater El Paso, projected to open in 2026. Announced a strategic national expansion partnership with Ryan, LLC to accelerate public-private partnership development, fast-tracking market entry into top-performing U.S. growth markets. Introduced a new structured financing model for Luxe FireSuites, expanding access to exclusive ownership opportunities while driving accelerated sales across the Company's expanding portfolio. Partnered with Connect Partnership Group to lead corporate sponsorship sales, enhancing VENU's ability to potentially capture new sponsorship revenues across its expanding venue network. Filed an Offering Statement under Regulation A1 for an anticipated offering designed to offer institutional, and retail investors an opportunity to own a piece of all that VENU is building through a tiered ownership, not only delivering equity, but exclusive benefits at every level. Formed a nationwide partnership with Sands Investment Group to introduce triple-net (NNN) real estate investment opportunities in VENU's Luxe FireSuites to qualified investors. Expanded executive leadership with the appointment of Vic Sutter, a Live Nation veteran, as Executive Vice President of Operations to drive operational excellence, hospitality innovation, and premium guest experiences. Strengthened the Board of Directors with the appointment of financial industry leader Thomas M. Finke, former Chairman and CEO of Barings, LLC, to support corporate governance and capital markets strategy. CONFERENCE CALL DETAILS Thursday, May 15, 2025, 4:30 p.m. Eastern Time USA/Canada Toll-Free Dial-In Number: (800) 715-9871 International Toll Dial-In Number: +1 (646) 307-1963 Conference ID: 9521412 Webcast Replay - available through May 15, 2026, at About Venu Holding Corporation Venu Holding Corporation ("VENU") (NYSE American: VENU), founded by Colorado Springs entrepreneur and 2023 VenuesNow All-star, J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, artist-centric, experience-driven entertainment destinations. VENU's campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and unique to Colorado Springs, Notes Eatery and the 9,570-seat Ford Amphitheater. Expanding with new multi-season Sunset Amphitheaters in Oklahoma and Texas, VENU's upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU's vision of redefining the premium live entertainment experience. Click here to view our company overview. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit Forward-Looking Statements Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. 1Legal Disclaimer: An offering statement related to these securities has been filed with the Securities and Exchange Commission but has not become qualified. These securities may not be sold nor may offers be accepted prior to the time the offering statement is qualified. No money or other consideration is being solicited in connection with this information, and if sent in response will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until an offering statement on Form 1-A is qualified pursuant to Regulation A under the Securities Act of 1933, as amended, and any such offer may be withdrawn or revoked without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. Any person's indication of interest involves no obligation or commitment of any kind. A copy of the preliminary offering circular for the offering may be obtained on the SEC's web site under the Company's filings at VENU HOLDING CORPORATION AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in US Dollars) As of March 31, December 31, 2025 2024 ASSETS Unaudited Audited Current assets Cash and cash equivalents $ 24,663,106 $ 37,969,454 Inventories 201,027 225,283 Prepaid expenses and other current assets 917,567 850,951 Total current assets 25,781,700 39,045,688 Other assets Property and equipment, net 182,906,195 137,215,936 Intangible assets, net 194,596 211,276 Operating lease right-of-use assets, net 1,264,926 1,351,600 Investment in EIGHT Brewing 1,999,999 - Investment in related party 550,000 550,000 Security and other deposits 184,771 43,015 Total other assets 187,100,487 139,371,827 Total assets $ 212,882,187 $ 178,417,515 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable $ 5,791,249 $ 7,283,033 Accrued expenses 701,027 3,556,819 Accrued payroll and payroll taxes 287,287 262,387 Deferred revenue 2,004,606 1,528,159 Current portion of convertible debt - 9,433,313 Current portion of operating lease liabilities 367,705 364,244 Current portion of long-term debt 333,818 2,101,501 Total current liabilities 9,485,692 24,529,456 Long-term portion of operating lease liabilities 930,226 1,020,604 Long-term licensing liability and other liabilities 8,800,000 7,950,000 Long-term convertible debt 15,488,291 - Long-term debt, net of current portion 38,845,957 14,100,217 Total liabilities $ 73,550,166 $ 47,600,277 Commitments and contingencies Stockholders' Equity Preferred stock, $0.001 par - 5,000,000 authorized, none issued or outstanding - - Common stock, $0.001 par - 144,000,000 authorized, 37,503,341 issued and outstanding at March 31, 2025 and 37,471,465 issued and outstanding at December 31, 2024 37,504 37,472 Class B common stock, $0.001 par - 1,000,000 authorized, 379,990 issued and outstanding at March 31, 2025 and December 31, 2024 379 379 Additional paid-in capital 145,253,067 144,546,368 Accumulated deficit (65,424,938 ) (47,361,208 ) $ 79,866,012 $ 97,223,011 Treasury Stock, at cost - 276,245 shares at March 31, 2025 and December 31, 2024 (1,500,076 ) (1,500,076 ) Total Venu Holding Corporation and subsidiaries equity $ 78,365,936 $ 95,722,935 Non-controlling interest 60,966,085 35,094,303 Total stockholders' equity $ 139,332,021 $ 130,817,238 Total liabilities and stockholders' equity $ 212,882,187 $ 178,417,515 VENU HOLDING CORPORATION AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in US Dollars) Unaudited For the three months ended March 31, 2025 2024 Revenues Restaurant including food and beverage revenue, net $ 2,044,916 $ 2,580,102 Event center ticket and fees revenue, net 980,439 1,324,895 Rental and sponsorship revenue, net 473,804 34,746 Total revenues, net $ 3,499,159 $ 3,939,743 Operating costs Food and beverage 497,840 604,555 Event center 724,064 591,282 Labor 998,947 1,067,398 Rent 364,377 296,458 General and administrative 6,740,311 4,174,817 Equity compensation 11,340,620 9,565,554 Depreciation and amortization 1,375,364 606,464 Total operating costs $ 22,041,523 $ 16,906,528 Loss from operations $ (18,542,364 ) $ (12,966,785 ) Other income (expense), net Interest expense (1,050,372 ) (404,965 ) Other expense - (2,500,000 ) Interest income 127,486 25,731 Other income 32,500 30,000 Total other expense, net (890,386 ) (2,849,234 ) Net loss $ (19,432,750 ) $ (15,816,019 ) Net loss attributable to non-controlling interests (1,369,020 ) (217,081 ) Net loss attributable to common stockholders $ (18,063,730 ) $ (15,598,938 ) Weighted average number of shares of Class B common stock, outstanding, basic and diluted 379,990 1,754,959 Basic and diluted net loss per share of Class B common stock $ (0.48 ) $ (0.47 ) Weighted average number of shares of Class C common stock, outstanding, basic and diluted - 26,790,416 Basic and diluted net loss per share of Class C common stock $ - $ (0.47 ) Weighted average number of shares of Class D common stock, outstanding, basic and diluted - 4,565,870 Basic and diluted net loss per share of Class D common stock $ - $ (0.47 ) Weighted average number of shares of Common stock, outstanding, basic and diluted 37,488,778 - Basic and diluted net loss per share of Common stock $ (0.48 ) $ - VENU HOLDING CORPORATION AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in US Dollars) For the three months ended March 31, 2025 2024 Net loss $ (19,432,750 ) $ (15,816,019 ) Adjustments to reconcile net loss to net cash used in operating activities: Equity issued for interest on convertible debt 218,760 - Equity based compensation 11,340,620 9,565,554 Project abandonment loss - 143,285 Amortization of debt discount 641,609 278,946 Non cash lease expense 92,107 123,240 Noncash financing expense - 2,500,000 Depreciation and amortization 1,375,364 606,464 Noncash interest - 25,206 Changes in operating assets and liabilities: Inventories 24,256 (31,961 ) Prepaid expenses and other current assets (66,616 ) 73,205 Security deposit (141,756 ) (3,687,255 ) Accounts payable (1,491,784 ) 1,750,387 Accrued expenses (2,855,792 ) (141,381 ) Accrued payroll and payroll taxes 24,900 14,073 Deferred revenue 476,447 (200,764 ) Operating lease liabilities (92,350 ) (114,848 ) Licensing liabilities 850,000 2,200,000 Net cash used in operating activities (9,036,985 ) (2,711,868 ) Cash flows from investing activities Purchase of property and equipment (22,048,943 ) (8,946,836 ) Investment in EIGHT Brewing (1,999,999 ) - Net cash used in investing activities (24,048,942 ) (8,946,836 ) Cash flows from financing activities Proceeds from sale of non-controlling interest equity 15,967,250 10,375,000 Distributions to non-controlling shareholders (105,426 ) (124,050 ) Principal payments on long-term debt (82,245 ) (74,614 ) Proceeds from issuance of shares - 20,088,200 Proceeds from exercise of warrants - 40 Payment of promissory note (2,000,000 ) - Receipt of convertible promissory note 6,000,000 - Net cash provided by financing activities 19,779,579 30,264,576 Net (decrease) increase in cash and cash equivalents (13,306,348 ) 18,605,872 Cash and cash equivalents, beginning 37,969,454 20,201,104 Cash and cash equivalents, ending $ 24,663,106 $ 38,806,976 Cash paid for interest $ 139,119 $ 96,399 Supplemental disclosure of non-cash operating, investing and financing activities: Property acquired via convertible debt $ - $ 3,521,976 Property acquired via promissory note $ 25,000,000 $ - Debt discounts - warrants $ 526,329 $ 3,000,140 View source version on Contacts Media Relations Chloe HoeftVenu Holding Corporation ("VENU")719-895-5470choeft@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
