Venu Holding Corporation announced that it has commenced a registered underwritten public offering of its common stock. The company intends to offer, subject to market conditions and other facts, $75M of shares of its common stock pursuant to a registration statement on Form S-3 filed with the SEC. The company intends to use the net proceeds from the offering to fund a portion of the development costs of The Sunset McKinney, The Sunset Broken Arrow, and The Sunset El Paso, to complete the closing of the company's purchase of real property in Centennial, Colorado, to develop an indoor music hall and restaurant on such property, and for working capital and other general corporate purposes. Deutsche Bank Securities and ThinkEquity are acting as joint book-running managers for the proposed offering.
Venu Holding Corporation is an entertainment and hospitality holding company. The Company designs, develops, owns and operates (whether directly or through third-party operators) up-scale music venues, outdoor amphitheaters, and full-service restaurants and bars. It operates two indoor venues, three restaurants, and one outdoor amphitheater across Colorado and Georgia. Its Bourbon Brothers Presents (indoor music venues) is known as Phil Long Music Hall at Bourbon Brothers. Its music venue concepts an indoor, intimate music hall venue known as Bourbon Brothers Presents, operate under the names of Phil Long Music Hall at Bourbon Brothers with respect to the Colorado venue and The Hall at Bourbon Brothers or Boot Barn Hall with respect to the Georgia venue. Its full-service restaurants include Bourbon Brothers Smokehouse & Tavern (BBST), Roth’s Seafood & Chophouse and Notes Eatery. Its amphitheater venue, Ford Amphitheater, is an open-air and around 8,000-person venue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
