Venu issues Series B convertible preferred to Aramark for $10.125M; Russell 3000 inclusion withdrawn

Venu Holding Corp

Aramark invests $10.125M via 675 shares of Series B 4% Convertible Preferred Stock at $15,000/share.
Aramark becomes exclusive provider of food, beverage, custodial, and maintenance services at three amphitheaters.
Series B pays 4% cumulative annual dividend, convertible into common at $15/share; mandatory conversion trigger at $20.
Holders can force redemption if amphitheaters not completed by Aug 14, 2027, or on change of control.
Russell 3000 inclusion withdrawn due to free float verification; Company believes eligible for 2026 reconstitution.

item 1.01 item 5.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Venu Holding Corp: Filed Certificate of Designation for Series B 4% Cumulative Convertible Preferred Stock (effective 2025-06-16).

Change: charter amendment
Effective: 2025-06-16

Exact text from the filing

On June 16, 2025, the Company and Aramark closed on the definitive agreements contemplated by the LOI for the purchase and sale of the Series B Preferred Stock, and the Company filed a Certificate of Designation, Preferences, and Rights of Series B 4% Convertible Preferred Stock (the “Certificate of Designation”) with the Colorado Secretary of State to create the Series B Preferred Stock.

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Venu Holding Corp filing history →

Source: SEC EDGAR

accession 0001641172-25-015324

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