Venu Holding Corporation (NYSE American: VENU) completed its underwritten public offering of 18.75 million shares of common stock and accompanying warrants at $4.00 per share, generating gross proceeds of $75 million before fees and expenses.

The Colorado Springs-based company, which develops and operates live music venues and hospitality destinations, issued warrants alongside each share that allow holders to purchase additional stock at $5.00 per share within five years of issuance.

Venu plans to allocate the net proceeds toward development costs for The Sunset McKinney and The Sunset Broken Arrow venues, repayment of a $4.35 million promissory note related to its recent acquisition of property in Centennial, Colorado for an indoor music hall and restaurant, and general corporate purposes.

The company granted underwriters a 45-day option to purchase up to 2.81 million additional shares and warrants to cover over-allotments at the offering price minus underwriting discounts. ThinkEquity served as sole book-runner for the transaction.

The offering was conducted under a Form S-3 registration statement that became effective with the Securities and Exchange Commission on December 8, 2025. Venu operates venues across Colorado, Georgia, Oklahoma, and Texas under brands including Ford Amphitheater, Sunset Amphitheaters, and Phil Long Music Hall.