Dykema Aids Venu Holding Corporation in Closing of its IPO and Stock Exchange Listing

Dykema congratulates VENU on closing its initial public offering and completing its stock exchange listing. Listing on the NYSE American marks a significant milestone in VENU’s mission to redefine how people experience live entertainment. The Company closed its November 2024 Initial Public Offering (IPO) consisting of 1,380,000 shares of its common stock, including 180,000 shares sold upon full exercise of the underwriter’s option to purchase additional shares, at a public offering price of $10 per share, raising approximately $13,800,000, before deducting underwriting discounts and offering expenses.

Venu Holding Corporation (“VENU”) (NYSE American: VENU), founded by Colorado Springs entrepreneur J.W. Roth, is a premier hospitality and live music venue developer dedicated to crafting luxury, experience-driven entertainment destinations. VENU’s campuses in Colorado Springs, Colorado, and Gainesville, Georgia, each feature Bourbon Brothers Smokehouse and Tavern, The Hall at Bourbon Brothers, and, unique to Colorado Springs, Notes Eatery and the 8,000-seat Ford Amphitheater. Expanding with new Sunset Amphitheaters in Oklahoma and Texas, VENU’s upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU’s vision of redefining the live entertainment experience. VENU intends to use the proceeds from the offering to fund the expansion of its business operations, further development of company services, business promotion activities, and for working capital and general corporate purposes, including general market expansion and due diligence efforts to explore the opening of new restaurant, entertainment, and music venues.

Peter Waltz led the Dykema team advising VENU, which included Kathleen Rios.