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COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Nov 26, 2024-- Venu Holding Corporation (NYSE American: VENU) (“VENU” or the “Company”), a premier hospitality and live music company dedicated to crafting luxury, experience-driven entertainment destinations, today announced the pricing of its initial public offering of 1,200,000 shares of the Company’s common stock at public offering price of $10.00 per share, for aggregate gross proceeds of $12 million prior to deducting underwriting discounts and other offering expenses. In addition, VENU has granted the underwriters a 45-day option to purchase up to an additional 180,000 shares of common stock to cover over-allotments, if any. The shares of common stock are expected to begin trading on the NYSE American under ticker symbol “VENU” on November 27, 2024. The offering is expected to close on November 29, 2024, subject to customary closing conditions. The Company intends to use the net 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. ThinkEquity is acting as sole book-running manager for the offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities referred to in this press release, nor will there be any sale of any such securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. A registration statement on Form S-1 (File No. 333-281271) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on November 12, 2024. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at . 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 has been recognized nationally by The and for its innovative and disruptive approach to live entertainment. For more information, visit venu.live. Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. View source version on : For media inquiries contact Chloe Hoeft 719-895-5470 KEYWORD: UNITED STATES NORTH AMERICA COLORADO INDUSTRY KEYWORD: OTHER TRAVEL RESTAURANT/BAR DESTINATIONS TRAVEL MUSIC EVENTS/CONCERTS RETAIL ENTERTAINMENT SOURCE: Venu Holding Corporation Copyright Business Wire 2024. PUB: 11/26/2024 06:10 PM/DISC: 11/26/2024 06:10 PM
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MADRID (AP) — Atletico Madrid conceded three goals in a Spanish league game for the first time this season but still managed to beat Sevilla 4-3 on Sunday with Antoine Griezmann's double helping to make it nine wins in a row for Diego Simeone’s in-form side. Third-place Madrid restored its three-point lead over fourth-place Athletic Bilbao, which beat Villarreal earlier Sunday. Rodrigo De Paul gave Atletico the perfect start when he lashed home a stunning opener in the 10th minute. However, goals from Dodi Lukébakio, Isaac Romero and Juanlu Sanchez put Sevilla 3-1 up early in the second half and Atletico, without the vocal support of some home fans in a dispute over tickets, seemed lost in an unusually quiet at Metropolitano Stadium. Simeone’s side, though, is known for its resilience and it was not long before the fightback began. Griezmann reduced the deficit in the 62nd minute and 17 minutes later, after Simeone made five substitutions in a quarter of an hour, Samuel Lino got the equalizer with a low shot from 30 yards. Griezmann himself got the winner in stoppage time to consolidate Atletico’s third place. The Madrid club now has 35 points, one behind city rival Real and three behind league leader Barcelona. “We struggled to get into the game,” Griezmann said. “We missed the support of the fans behind the goal. But in the end we managed to come back.” Athletic Bilbao consolidated fourth place with a comfortable 2-0 win over Villarreal, the team immediately below it in the table and one of its closest rivals for a Champions League spot. Aitor Paredes put Athletic ahead when he glanced home a corner kick in 14 minutes and Iñaki Williams made it 2-0 midway through the second half. It was the fourth consecutive league win for Athletic but the victory was marred by a silent protest from an organized fan group. The group refused to sing or chant in response to a rift between it and the club president, who reported threats to police earlier in the week. Several Athletic players expressed solidarity with the president and the team did not salute the fans behind the goal after the match. “It’s a very sad win and a time for everyone to pull together,” club captain Óscar De Marcos said in comments reported by newspaper Marca. “The silence was notable during the game but we need to keep doing our job.” Earlier Sunday, Real Sociedad won for the fourth time in a row, beating Leganes 3-0 at the Butarque stadium near Madrid. Three days after his extra-time goal gave Sociedad a 1-0 win at fourth-tier Conquense in the Copa del Rey, Brais Méndez scored again to give the visitors an early lead. Substitute Ander Barrenetxea’s first goal of the league season doubled its lead 10 minutes from time and then Mikel Oyarzabal added a third in stoppage time. It was only the fourth time in 16 matches that Sociedad has scored twice in a league game and the win lifted it into sixth, above Osasuna, which drew 2-2 with Alaves. Alaves took only 37 seconds for Kike Garcia to put the team ahead with a diving header. However, Ante Budimir and Rubén García scored early in the second half to put Osasuna in front before Kike Garcia got his second of the game to tie the scores at 2-2. The point was the first for new Alaves coach Eduardo Coudet but still leaves it in 15th place without a win in five games. AP soccer: https://apnews.com/hub/soccer