Venu acquires 50% interests in Hipgnosis Artist Holdings and Welcome to the Machine

Venu Holding Corp

Paid $3.25M cash on Aug 17, 2026 for 50% of HAH and 50% of WTTM from Merck Mercuriadis.
May owe up to $51.75M additional if HAH closes a Funding (≥$200M gross proceeds) within 90 days.
Owner to contribute $10M to HAH; HAH can call $1.75M from Venu before any Funding.
If Venu fails to fund, its interest forfeits proportionally based on contributions vs $55M total.
Each target entity gets two-manager board; Venu appoints one, initial board includes CEO J.W. Roth.

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