Venu President Hodgson exits; Aramark closes $10M tranche; debenture principal cut to $12.5M

Venu Holding Corp

• William Hodgson ceased serving as President on Oct 13, 2026 by mutual agreement; he remains an employee until Dec 1, 2026, with severance over a 90-day period still undetermined.
• No successor named; President duties move to other current management and recently added personnel focused on content procurement, and the company said there was no disagreement.
• Aramark closed the second tranche of 334 shares of Series B 4% Cumulative Convertible Preferred for $5,010,000 on Oct 15, 2026, completing its $10,005,000 additional equity investment.
• The $12,500,000 holdback was applied at par and without Payment Premium to repay debenture principal, cutting the original $25,000,000 to $12,500,000 and monthly installments to $2,500,000.
• Investor warrants fell from 1,000,000 to 500,000 shares and placement agent warrants from 200,000 to 100,000; the company paid a $2,875,000 installment in cash on Oct 14, 2026.