Venu Holding Corporation announced the pricing of an underwritten public offering of 2,500,000 shares of common stock at $12.00 per share, totaling $30 million in gross proceeds.
The offering includes an option for the underwriters to purchase an additional 375,000 shares to cover over-allotments.
The net proceeds from the offering will be used for development costs of the Sunset McKinney and the Sunset Broken Arrow, as well as for working capital and general corporate purposes.
Public Offering Details
2,500,000 shares of common stock priced at $12.00 per share, grossing $30 million in proceeds.
Underwriters' Option
Underwriters granted a 45-day option to purchase an additional 375,000 shares at the public offering price.
Intended Use of Proceeds
Funds will support development costs for Sunset McKinney and Sunset Broken Arrow, and general corporate purposes.
- The public offering aims to raise funds to support Venu Holding Corporation's expansion and development plans.
- By pricing the offering at $12.00 per share, Venu Holding Corporation seeks to generate $30 million in gross proceeds to fuel its growth initiatives.
Venu Holding Corporation's successful pricing of the $30 million public offering marks a significant milestone in its fundraising efforts. The allocation of proceeds towards key development projects demonstrates the company's strategic focus on expansion and innovation in the hospitality and live entertainment sector.