secwatch.observer — SEC 8-K summary
======================================

Issuer:     Venu Holding Corp (VENU)
CIK:        0001770501
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001493152-24-048512
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Venu Holding closes IPO of 1.38M shares at $10 for $13.8M gross; shares trade on NYSE American
--------------------------------------------------------------------------------

- Priced 1.2M shares at $10; underwriter exercised over-allotment for 180K additional shares, total 1.38M shares.
- Gross proceeds $13.8M; net proceeds ~$12.3M after underwriting discounts and expenses.
- Net proceeds to fund business expansion, development of services, working capital, and new venue openings.
- Underwriter received warrants to buy 69K shares at $12.50, exercisable starting May 2025 through Nov 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770501/000149315224048512/0001493152-24-048512-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770501/000149315224048512/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048512

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer