secwatch.observer — SEC 8-K summary
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Issuer:     Venu Holding Corp (VENU)
CIK:        0001770501
Form:       8-K
Filed at:   2025-06-26T23:59:59+00:00
Accession:  0001641172-25-016669
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770501/000164117225016669/0001641172-25-016669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770501/000164117225016669/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-016669

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