secwatch.observer — SEC 8-K summary
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Issuer:     Venu Holding Corp (VENU)
CIK:        0001770501
Form:       8-K
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0001493152-25-002813
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Venu Holding closes on $35M McKinney land purchase for Sunset Amphitheater, invests $2M in EIGHT Brewing
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- On January 14, 2025, Venu closed purchase of 46-acre McKinney Tract for $35M ($10M cash, $25M secured note) to develop The Sunset Amphitheater in McKinney, Texas.
- The agreement with City of McKinney and MEDC includes potential reimbursement of purchase price upon receiving certificate of occupancy by specified deadlines.
- Construction expected to begin February 2025; amphitheater projected to be concert-ready in second quarter of 2026.
- On January 13, 2025, Venu acquired 1,487,099 shares of FL101 Series A Preferred Stock for $1,999,999.45 and entered into an Amended and Restated Shareholders' Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770501/000149315225002813/0001493152-25-002813-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770501/000149315225002813/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-002813

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