Venu Holding converts $15M notes into stock at $10/share; creates Series A 8% preferred

Venu Holding Corp

$15M principal plus accrued interest on three notes converted into 1,542,367 common shares at $10/share.
Conversion used $10/share instead of standard 10-day formula; all amounts satisfied in full.
Filed Certificate of Designation for up to 5M Series A 8% Cumulative Convertible Preferred, $15 stated value, convertible at $15.
Preferred pays 8% cumulative quarterly dividends; ranks senior to common and pari passu to Series B preferred.
Company may redeem preferred after five years at $15 plus accrued dividends; anticipates Regulation A offering.

item 1.01 item 8.01 item 3.02 item 5.03 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 a Certificate of Designation establishing Series A 8.0% Cumulative Redeemable Convertible Preferred Stock (effective 2025-06-26).

Change: charter amendment
Effective: 2025-06-26

Exact text from the filing

On June 26, 2025, Venu Holding Corporation (the “Company”) filed a Certificate of Designation, Preferences, and Rights of Series A 8.0% Cumulative Redeemable Convertible Preferred Stock (the “Certificate of Designation”) with the Colorado Secretary of State.

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Venu Holding Corp filing history →

Source: SEC EDGAR

accession 0001641172-25-016669

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