DENVER, Sept. 17, 2025 (GLOBE NEWSWIRE) -- 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and corporate information, reports that recent capital raises position VENU (NYSE American: VENU) with more than $45 million to allocate toward new amphitheater projects. When VENU first went public, the company raised approximately $55 million through its initial equity financings, from a $32 million private placement, IPO proceeds, and private investor funds ...

VENU Signs Exclusive Ticketing Deal with Tixr, which Makes Strategic InvestmentDENVER, Sept. 15, 2025 (GLOBE NEWSWIRE) -- 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and corporate information, examines VENU’s (NYSE American: VENU), a growing operator of premium hospitality and live entertainment venues across the U.S., execution of a long-term exclusive Services Agreement with ticketing platform Tixr and an accompanying strategic equity investme ...

DENVER, Sept. 09, 2025 (GLOBE NEWSWIRE) -- 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and corporate information, examines yesterday’s headline-grabbing IPO filing from StubHub, the long-standing ticket resale platform, and what it means for the broader live music and entertainment industry. More importantly, the IPO signals rising interest across the sector and brings fresh attention to VENU (NYSE American: VENU), a premium hospitality and live ...

Core Insights - VENU has commenced construction on its $300 million Sunset Amphitheater in McKinney, Texas, which aims to be the most luxurious venue of its kind, featuring a capacity of 20,000 guests and high-end amenities [1] - Institutional investors are increasingly recognizing VENU's potential, with analysts from Cenorium Capital and Northland Securities providing strong buy ratings and raising price targets [2] - The amphitheater project is projected to generate over $3 billion in economic impact within the first decade, attracting interest from municipalities nationwide [4] Company Developments - VENU's municipal pipeline includes 38 communities in discussions for new projects, with each development agreement potentially adding $150 to $300 million to the company's balance sheet [5] - The company has a clear funding strategy involving public-private partnerships, FireSuite sales, and sale-leaseback arrangements, with significant capital raises already achieved [6] - LuxeFire Suite receivables are expected to reach $200 million in 2025, and a sale-leaseback opportunity is projected to generate $188 million in Q4 2025 [7] Long-Term Vision - By 2030, VENU plans to operate 25 amphitheaters and 15 indoor entertainment complexes, aiming for over 20 million annual tickets sold and more than $2 billion in gross ticket sales [8] - The company is building a national network of premium amphitheaters, supported by partnerships with industry leaders like AEG and Aramark, and an active development pipeline exceeding $5 billion [10]

Core Viewpoint - VENU has successfully closed a public offering of 2,875,000 shares at $12.00 per share, raising gross proceeds of $34.5 million, which reflects growing institutional confidence in the company [1][2]. Group 1: Financial Details - The public offering generated gross proceeds of $34.5 million before deducting underwriting discounts and estimated offering expenses [2]. - The net proceeds will be utilized to fund development costs for flagship projects, including the Sunset Amphitheater in McKinney, Texas, and Broken Arrow, Oklahoma, with openings targeted for Q3 2026 and Q2 2026 respectively [3][5]. Group 2: Growth Strategy - VENU's ambitious growth strategy includes leveraging public-private partnerships and investments to scale a $5 billion pipeline, with $1 billion already in progress [4][8]. - The company aims to establish its Sunset-branded venues as premier destinations for music and upscale hospitality, projecting $2 billion in annual ticket sales by 2030 across 25 amphitheaters and 15 indoor complexes [6]. Group 3: Business Model and Partnerships - VENU is redefining the live entertainment landscape through a national network of premium amphitheaters powered by its Luxe FireSuites model [8]. - The company has established partnerships with AEG and Aramark to enhance its hospitality-first experience [8].

Core Insights - VENU has secured a $30 million institutional investment at $12 per share, aimed at expanding its project pipeline, particularly with the development of Sunset McKinney and Sunset Broken Arrow, which are part of a broader strategy to enhance its national footprint [1][2] Investment Highlights - The recent investment reflects growing institutional confidence, highlighted by Vanguard Group's significant shareholding of 861,911 shares in VENU. Analyst coverage has also begun to show positive momentum, with Cenorium Capital issuing a "Strong Buy" rating and a price target of $22, while Northland Securities raised its target from $15 to $17 [2] CEO Vision - CEO J.W. Roth has articulated a vision to integrate physical amphitheater development with a blockchain-powered digital fan platform, set to launch in 2026. The company aims to operate 25 amphitheaters and 15 indoor entertainment complexes by 2030, targeting over 20 million annual tickets sold and generating over $2 billion in gross ticket sales [3] Development Pipeline - VENU's partnership with Ryan, LLC is exceeding its initial goal of securing two new development agreements per quarter. Currently, there are 38 communities in discussions for new projects, with each agreement expected to add between $150 million to $300 million to the company's balance sheet [4] Strategic Positioning - With institutional capital inflows, a digital engagement strategy leveraging blockchain technology, and a growing national development pipeline, VENU is positioning itself as a compelling player at the intersection of live entertainment, real estate development, and digital engagement [5] Company Overview - Venu Holding Corporation is redefining the live entertainment landscape through a national network of premium amphitheaters, supported by partnerships with industry leaders like AEG and Aramark. The company has an active development pipeline valued at over $5 billion, including $1 billion currently underway [6]

Group 1 - U.S. stocks experienced mixed performance, with the Dow Jones index declining over 200 points on Monday [1] - Keurig Dr Pepper Inc. shares fell sharply by 7.8% to $32.38 following the announcement of its acquisition of JDE Peet's [1] - Valneva SE shares dropped 21% to $9.19 after the FDA suspended the license for IXCHIQ [3] Group 2 - DeFi Development Corp. saw its shares dip 18% to $16.51 after announcing a $125 million offering of 4.2 million shares at $12.50 per share [3] - Venu Holding Corporation's shares fell 13.3% to $15.56 after announcing an offering of 1.7 million shares [3] - Axogen, Inc. shares declined 10.2% to $14.60 due to an FDA Major Amendment designation delaying the Avance Nerve Graft decision to December 5, 2025 [3]

Core Insights - VENU is positioning itself as a next-generation entertainment powerhouse, aiming to sell over 20 million tickets annually and generate $2 billion in ticket sales volume within a few years [1][4]. Digital Platform and Blockchain Integration - VENU plans to launch a digital, blockchain-powered platform in early 2026, which will include tokenized digital memberships, fan rewards, and soft ticketing services, marking its entry into real-world asset (RWA) tokenization [2][5]. - The blockchain initiative is a core part of VENU's strategy, aiming to enhance digital engagement with fans and redefine their interaction with live music and events [3][5]. Venue Expansion Plans - VENU is aggressively expanding its physical venue footprint, with plans to open three new amphitheaters in 2026 and a target of 25 amphitheaters and 15 indoor entertainment complexes by 2030, which will provide over 350,000 seats [4][9]. - This expansion is expected to position VENU as one of the largest players in the U.S. live entertainment market, following only a major national operator and a leading secondary market platform [4]. Market Position and Institutional Interest - VENU is becoming a significant player at the intersection of entertainment, real estate, and blockchain innovation, with growing institutional interest, including a new position from Vanguard Group [7]. - The company aims to unify benefits across its properties and create a direct channel to superfans and partners through its digital engagement layer [7].

Core Insights - VENU is currently in active discussions with 38 municipalities in the U.S. for potential development of entertainment campuses, significantly exceeding initial targets [1][2][4] - The partnership with Ryan, LLC has been instrumental in accelerating VENU's municipal outreach, with a goal of securing two new development agreements per quarter [2][4][5] - Each finalized development agreement is projected to add between $150 to $300 million to VENU's balance sheet, enhancing its financial position [2][5] - VENU anticipates adding over $5 billion in completed project value within the next 36 to 48 months, indicating strong future growth potential [6][8] Company Overview - Venu Holding Corporation is redefining the live entertainment landscape through a national network of premium amphitheaters, utilizing its Luxe FireSuites model [8] - The company has established partnerships with industry leaders such as AEG and Aramark, and currently has an active development pipeline exceeding $5 billion, with $1 billion already underway [8]

[Executive Summary & Company Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Company%20Highlights) This section provides an overview of Venu Holding Corporation's strategic achievements, financial performance, and key operational milestones for the quarter [CEO Commentary](index=1&type=section&id=CEO%20Commentary) CEO J.W. Roth highlighted strong execution, a robust pipeline of 38 interested municipalities, significant amphitheater construction progress, and successful capital strategies - The quarter focused on execution and acceleration, with a 'roaring' pipeline of **38 interested municipalities** nationwide[2](index=2&type=chunk)[3](index=3&type=chunk) - Broke ground on the **20,000-seat Sunset Amphitheater** in McKinney and advanced projects in Colorado, Oklahoma, and Texas, aiming to open **three new outdoor amphitheaters in 2026** and one indoor campus, with potentially **four more in 2027**[3](index=3&type=chunk) - Engaged Texas Capital Securities for private debt financing options, targeting approximately **$200 million** to accelerate amphitheater construction[3](index=3&type=chunk) - Luxe FireSuite fractional ownerships and the triple-net real estate lease program have exceeded expectations, with **record FireSuite sales** and projections towards a **$200 million goal**[3](index=3&type=chunk) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Venu Holding Corporation reported significant growth in total assets and property & equipment, substantial increases in Luxe FireSuite sales, and a 7% rise in Q2 2025 total revenue | Metric | June 30, 2025 | December 31, 2024 | Change ($) | Change (%) | | :-------------------------------- | :------------ | :---------------- | :--------- | :--------- | | Total assets | $242.0 million | $178.4 million | $63.6 million | 36% | | Property and equipment | $199.2 million | $137.2 million | $62.0 million | 45% | | Metric | Through June 30, 2025 | Through June 30, 2024 | Change ($) | Change (%) | | :----------------------------------- | :-------------------- | :-------------------- | :--------- | :--------- | | Luxe FireSuite and Aikman Club sales | $61.3 million | $45.8 million | $15.5 million | 34% | | Metric | Q2 2025 | Q2 2024 | Change ($) | Change (%) | | :------------ | :------------ | :------------ | :--------- | :--------- | | Total revenue | $4,487,307 | $4,175,238 | $312,069 | 7% | - The increase in total revenue for Q2 2025 was primarily due to the Ford Amphitheater being operational, which was not the case in Q2 2024[4](index=4&type=chunk) [Operational Highlights & Subsequent Events](index=2&type=section&id=Operational%20Highlights%20%26%20Subsequent%20Events) Q2 2025 saw significant operational advancements, including the Ford Amphitheater's full season launch, McKinney amphitheater groundbreaking, and strategic partnerships, with July focusing on capital and lease demand [Q2 2025 Operational Overview](index=2&type=section&id=Q2%202025%20Operational%20Overview) Amphitheater operations, combined with naming rights agreements, generated significant net revenue for Venu. The Ford Amphitheater, in its first 10 shows of the 2025 season, achieved substantial gross receipts and attracted over 35,000 attendees | Metric | Q2 2025 | | :------------------------------------------------------------------ | :------------ | | Amphitheater operations net revenue (after AEG split) + naming rights | $597,712 | | Metric | Ford Amphitheater (first 10 shows through June 30, 2025) | | :----------------------------------- | :------------------------------------------------------- | | Gross receipts | $4.7 million | | Attendees | >35,000 | | Average ticket price | $135 | [Key Events in May 2025](index=2&type=section&id=Key%20Events%20in%20May%202025) May 2025 marked the commencement of the first full season for the Pollstar-nominated Ford Amphitheater in Colorado Springs, successfully completing its initial 10 shows towards a full concert calendar - Kicked off the first full season of the Pollstar-nominated Ford Amphitheater in Colorado Springs, CO, completing the first **10 shows** on the path to a full calendar outdoor concert season[6](index=6&type=chunk) [Key Events in June 2025](index=2&type=section&id=Key%20Events%20in%20June%202025) June 2025 saw the groundbreaking of the **20,000-seat Sunset Amphitheater** in McKinney, a three-year alliance with Billboard, and a multi-venue partnership with Aramark Sports + Entertainment - Held a grand groundbreaking ceremony for the **20,000-seat Sunset Amphitheater** in McKinney, Texas, in partnership with the City of McKinney and economic development corporations[6](index=6&type=chunk) - Announced a **three-year industry alliance** with Billboard, including the new 'Disruptor Award' presented by VENU[6](index=6&type=chunk) - Formed a multi-venue partnership with Aramark Sports + Entertainment, including an **equity investment** in VENU, to provide food and beverage, retail, and facilities management services across flagship amphitheaters[6](index=6&type=chunk) [Key Events in July 2025](index=2&type=section&id=Key%20Events%20in%20July%202025) In July 2025, VENU appointed Texas Capital Securities to arrange **$200 million** in private debt financing, while Luxe FireSuite NNN lease opportunities showed extraordinary demand, projected to deliver **$100 million** in annual capital - Appointed Texas Capital Securities as exclusive financial advisor to arrange approximately **$200 million** in potential private capital debt financing to accelerate amphitheater construction in Texas and Oklahoma[6](index=6&type=chunk) - The partnership with Sands Investment Group for triple-net (NNN) real estate lease opportunities for Luxe FireSuites has generated extraordinary demand, projected to deliver over **$100 million in additional annual capital**[6](index=6&type=chunk) - Luxe Firesuite receivables backlog sold more than **$75 million in 2024**, with expectations to reach **$200 million in 2025** outside of NNN lease opportunities[6](index=6&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) This section presents Venu Holding Corporation's unaudited condensed consolidated balance sheets, statements of operations, and cash flows for the specified periods, highlighting key financial performance and position [Unaudited Condensed Consolidated Balance Sheets](index=4&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of June 30, 2025, total assets increased by **36%** due to property and equipment investments, with corresponding increases in total liabilities and stockholders' equity | Metric | June 30, 2025 | December 31, 2024 | | :-------------------------- | :------------ | :---------------- | | Total assets | $242,045,523 | $178,417,515 | | Property and equipment, net | $199,201,653 | $137,215,936 | | Total liabilities | $68,077,178 | $47,600,277 | | Total stockholders' equity | $163,843,345 | $130,817,238 | - Total assets increased by **$63.6 million** or **36%** from December 31, 2024, to June 30, 2025[1](index=1&type=chunk)[4](index=4&type=chunk)[12](index=12&type=chunk) - Property and equipment, net, increased by **$62.0 million** or **45%** over the same period, indicating significant capital investments[4](index=4&type=chunk)[12](index=12&type=chunk) [Unaudited Condensed Consolidated Statements of Operations](index=6&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q2 2025 saw a **7%** revenue increase driven by rental and sponsorship, but surging operating costs led to a higher net loss, a trend also observed in the six-month period | Metric | Q2 2025 | Q2 2024 | Change ($) | Change (%) | | :-------------------------------------- | :------------- | :------------- | :------------- | :--------- | | Total revenues, net | $4,487,307 | $4,175,238 | $312,069 | 7% | | Rental and sponsorship revenue, net | $667,817 | $15,385 | $652,432 | 4241% | | Total operating costs | $14,794,007 | $8,527,461 | $6,266,546 | 73% | | Loss from operations | $(10,306,700) | $(4,352,223) | $(5,954,477) | 137% | | Net loss attributable to common stockholders | $(11,400,358) | $(4,521,099) | $(6,879,259) | 152% | | Basic and diluted net loss per share of Common stock | $(0.30) | - | - | - | | Metric | H1 2025 | H1 2024 | Change ($) | Change (%) | | :-------------------------------------- | :------------- | :------------- | :------------- | :--------- | | Total revenues, net | $7,986,466 | $8,114,981 | $(128,515) | -2% | | Rental and sponsorship revenue, net | $1,141,621 | $50,131 | $1,091,490 | 2177% | | Total operating costs | $36,835,530 | $25,433,989 | $11,401,541 | 45% | | Loss from operations | $(28,849,064) | $(17,319,008) | $(11,530,056) | 67% | | Net loss attributable to common stockholders | $(29,464,088) | $(20,120,037) | $(9,344,051) | 46% | | Basic and diluted net loss per share of Common stock | $(0.77) | - | - | - | - General and administrative expenses increased significantly, from **$325,473 in Q2 2024 to $8,463,946 in Q2 2025**, and from **$8,574,962 in H1 2024 to $15,204,257 in H1 2025**[14](index=14&type=chunk) - Equity compensation also saw a substantial increase, from **$4,688,372 in Q2 2024 to $1,883,762 in Q2 2025** (decrease), but from **$10,254,826 in H1 2024 to $13,224,382 in H1 2025** (increase)[14](index=14&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) H1 2025 saw net cash outflow from operations and significant investing outflows, offset by strong financing inflows from equity, preferred stock, and convertible notes | Cash Flow Category | H1 2025 | H1 2024 | | :--------------------------------- | :------------- | :------------- | | Net cash used in operating activities | $(11,484,247) | $6,117,758 | | Net cash used in investing activities | $(39,216,643) | $(31,185,229) | | Net cash provided by financing activities | $50,163,414 | $47,622,260 | | Net (decrease) increase in cash and cash equivalents | $(537,476) | $22,554,789 | | Cash and cash equivalents, ending | $37,431,978 | $42,755,893 | - Significant non-cash activities included property acquired via promissory note (**$25,000,000**) and conversion of convertible debt and interest to common equity (**$25,000,000**) in H1 2025[17](index=17&type=chunk) - Equity based compensation was a major non-cash adjustment, totaling **$13,024,382** in H1 2025[17](index=17&type=chunk) [Additional Information](index=3&type=section&id=Additional%20Information) This section provides details on the upcoming conference call, an overview of Venu Holding Corporation, forward-looking statement disclaimers, and contact information [Conference Call Details](index=3&type=section&id=Conference%20Call%20Details) Venu Holding Corporation scheduled a conference call for August 14, 2025, at 4:30 p.m. Eastern Time to discuss the second quarter 2025 financial results, with replay available through August 14, 2026 - Conference call held on Thursday, **August 14, 2025, at 4:30 p.m. Eastern Time**[7](index=7&type=chunk) - Replay available through **August 14, 2026**, at https://investors.venu.live[7](index=7&type=chunk) [About Venu Holding Corporation](index=3&type=section&id=About%20Venu%20Holding%20Corporation) Venu Holding Corporation is a premier developer and operator of upscale live music venues and hospitality destinations, expanding its footprint and recognized for innovative strategic partnerships - Venu Holding Corporation is a developer, owner, and operator of upscale live music venues and premium hospitality destinations[1](index=1&type=chunk)[7](index=7&type=chunk) - Current campuses in Colorado Springs, CO, and Gainesville, GA, feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and the Ford Amphitheater (Colorado Springs)[7](index=7&type=chunk) - Expanding with new Sunset Amphitheaters in Oklahoma and Texas, designed to host between **12,500 and 20,000 guests**[7](index=7&type=chunk) - Recognized nationally by publications like The Wall Street Journal and Billboard for its innovative approach, and maintains strategic partnerships with AEG Presents and NFL Hall of Famer Troy Aikman[8](index=8&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) The press release contains forward-looking statements subject to various risks and uncertainties, and actual results may differ materially. The company disclaims any obligation to update these statements unless required by law - Statements using words like 'may,' 'might,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'predict,' 'forecast,' 'project,' 'plan,' 'intend' or similar expressions are forward-looking[9](index=9&type=chunk) - Forward-looking statements are based on current estimates and assumptions and are subject to risks and uncertainties, including those in SEC filings, meaning actual results could be materially different[9](index=9&type=chunk) - The Company expressly disclaims any obligation to update or alter statements, except as required by law[9](index=9&type=chunk) [Contacts](index=3&type=section&id=Contacts) Contact information for Venu Holding Corporation's Media Relations and Investor Relations departments is provided - Media Relations contact: Venu@giantnoise.com[10](index=10&type=chunk) - Investor Relations contact: Chloe Hoeft, choeft@venu.live[10](index=10&type=chunk)