Venu Holding Corporation to Ring Opening Bell at New York Stock Exchange, Celebrating Bold Fan-Founded and Fan-Owned Mission

Rhea-AI Summary

Venu Holding (NYSE American: VENU) announces its participation in the NYSE Opening Bell ceremony on January 21, 2025, marking its successful transition from a fan-founded company to a publicly traded entity. The company recently completed its IPO in November 2024, raising approximately $13.8 million through the sale of 1,380,000 shares at $10.00 per share.

VENU operates premium entertainment venues and dining establishments, including Bourbon Brothers Smokehouse and Tavern, Notes Eatery, and Roth's Seafood and Chophouse. The company's venue portfolio ranges from intimate settings to large amphitheaters accommodating up to 20,000 fans.

In December 2024, VENU reported $11 million in Fire Pit Suite sales, contributing to a total of $77.7 million for the year. The company projects Fire Pit Suite sales to exceed $200 million in 2025. With operations in Colorado Springs and Gainesville, VENU is expanding with $1.3 billion in active construction projects across Oklahoma and Texas markets.

Positive

• Successful IPO completion raising $13.8 million
• Strong Fire Pit Suite sales of $77.7 million in 2024
• Projected Fire Pit Suite sales of $200 million for 2025
• $1.3 billion in active construction and development projects
• Geographic expansion into multiple new markets

Negative

• None.

Insights

Financial Analyst

The NYSE bell ringing ceremony, while ceremonial, accompanies substantial operational achievements at VENU. The company's $13.8M IPO in November 2024 and remarkable $77.7M in Fire Pit Suite sales for 2024 demonstrate strong market validation. The projected $200M in Fire Pit Suite sales for 2025 suggests robust revenue growth potential.

Most notably, VENU's $1.3B active construction pipeline across multiple markets indicates significant expansion capacity. The company's unique business model combining premium hospitality with live entertainment venue ownership creates multiple revenue streams - from traditional F&B operations to innovative suite ownership programs.

The transition from private to public markets provides VENU with improved access to capital markets for funding its ambitious expansion plans, while offering investors exposure to the growing premium live entertainment sector.

Real Estate Development Expert

VENU's strategic market selection for expansion demonstrates sophisticated real estate development planning. The focus on high-growth markets like Tulsa, Oklahoma City, El Paso and McKinney suggests careful demographic analysis and understanding of entertainment venue gaps in secondary markets.

The multi-venue development approach across different markets helps diversify geographic risk while creating economies of scale in construction and operations. The $1.3B construction pipeline represents a significant opportunity to establish market dominance in these regions before competitors.

The Fire Pit Suite concept introduces an innovative real estate ownership model in the entertainment sector, effectively turning entertainment venues into real estate assets with potential appreciation value. This model could revolutionize how entertainment venues are financed and monetized.

Entertainment Industry Analyst

VENU's "fan-founded, fan-owned" approach represents a paradigm shift in the live entertainment industry. The combination of premium hospitality venues with varying capacities (from intimate settings to 20,000-seat amphitheaters) creates a versatile entertainment ecosystem that can accommodate different types of events and audience preferences.

The success in Fire Pit Suite sales ($11M in December 2024 alone) validates the market's appetite for premium entertainment experiences with ownership benefits. The projected $200M in suite sales for 2025 would represent a 157% year-over-year growth, indicating strong market demand for this innovative concept.

The diverse venue portfolio, spanning restaurants, indoor venues and amphitheaters, positions VENU to capture multiple segments of the entertainment market while maintaining premium positioning across all offerings.

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)-- Venu Holding Corporation ("VENU" or the “Company”) (NYSE American: VENU), a leading premium hospitality and live entertainment company built by music fans for music fans, is proud to announce its participation in the iconic New York Stock Exchange (NYSE) Opening Bell ceremony, set to take place on Tuesday, January 21, 2025. This milestone event celebrates the Company’s groundbreaking journey from being a fan-founded company to a trailblazing leader in luxury live entertainment, and now, proudly fan-owned and listed on the NYSE American.

VENU New York Stock Exchange Opening Bell Ringing Ceremony Render (Photo: Business Wire)

Tune in to the NYSE Opening Bell ringing live - watch it here: https://bit.ly/4gGK4he

“From day one, I set out to build a company that put fans at the center—the people that fuel all that we do,” said J.W. Roth, Founder, Chairman, and CEO of VENU. “We’re proud to give the power back to the enthusiasts, the dreamers, and the music junkies like me. Being listed on the New York Stock Exchange is a privilege, and it’s just the beginning of VENU’s exciting growth trajectory.”

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 $10.00 per share, raising approximately $13,800,000, before deducting underwriting discounts and offering expenses. This capital enables the Company to accelerate its expansion into new markets and further enhance its premium ownership offerings.

Since its inception, VENU has set a new standard in entertainment and hospitality, becoming a visionary in delivering luxurious, fan-centered experiences that transform live entertainment and hospitality. Its house of brands spans iconic venues and dining destinations, from Bourbon Brothers Smokehouse and Tavern, and Notes Eatery, to Roth’s Seafood and Chophouse—each offering handcrafted cocktails and scratch-made menus with a unique flair. VENU has reimagined the fan experience across all scales, from the intimate ambiance of The Hall at Bourbon Brothers to expansive open-air settings like the Ford Amphitheater and Sunset Amphitheaters, seating up to 20,000 fans. Defying industry norms, VENU offers groundbreaking amenities like premium luxury fire pit suites, custom-built owners clubs, and exclusive food and beverage selections—creating an entertainment experience unlike any other.

Building on a Strong Foundation

VENU has strategically positioned itself as a leader in live entertainment, forging key relationships with industry players and laying the groundwork for its current and future venues. These efforts have propelled the Company to exceptional performance. In December 2024 alone, VENU closed over $11 million in Fire Pit Suite sales, bringing the year’s total to a remarkable $77.7 million. Looking ahead, the Company projects Fire Pit Suite sales to exceed $200 million in 2025, driven by surging demand and its innovative approach to ownership opportunities in the entertainment sector.

Expansion Plans on the Horizon

With existing operations in Colorado Springs, CO, and Gainesville, GA, VENU is set to expand its footprint with an estimated $1.3 billion in active construction and development projects across Oklahoma and Texas. The Company is actively developing venues in Broken Arrow, OK (Tulsa market), Oklahoma City, OK, El Paso, TX, and McKinney, TX, with five additional markets in pre-construction. As VENU continues its bold expansion, it remains dedicated to delivering transformative experiences for fans and investors alike.

About Venu Holding Corporation

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 Wall Street Journal, The New York Times, Denver Post, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents and NFL Hall of Famer and Founder of EIGHT Elite Light Lager, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit venu.live

Forward-Looking Statements

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 businesswire.com: https://www.businesswire.com/news/home/20250110215003/en/

Media Relations

Chloe Hoeft

Venu Holding Corporation (“VENU”)

719-895-5470

choeft@venu.live

Investor Relations

Dave Gentry

RedChip Companies, Inc.

1-407-644-4256

VENU@redchip.com

Source: Venu Holding Corporation

FAQ

How much did VENU's IPO raise in November 2024?

VENU's IPO raised approximately $13.8 million through the sale of 1,380,000 shares at $10.00 per share in November 2024.

What are VENU's Fire Pit Suite sales projections for 2025?

VENU projects Fire Pit Suite sales to exceed $200 million in 2025.

How many markets is VENU currently expanding into with its construction projects?

VENU is actively developing venues in four markets: Broken Arrow (Tulsa market), Oklahoma City, El Paso, and McKinney, with five additional markets in pre-construction.

What was VENU's total Fire Pit Suite sales in 2024?

VENU reported $77.7 million in total Fire Pit Suite sales for 2024, with $11 million generated in December alone.

What is the total value of VENU's active construction and development projects?

VENU has approximately $1.3 billion in active construction and development projects across Oklahoma and Texas.