Venu Holding Corporation (VENU)

Venu Holding Corporation Reports First Quarter Fiscal 2026 Financial ResultsMay 15, 2026 8:20 AM
Business Wire Total Assets Increased to $461.3 Million, Up 25% from Year-End 2025 Venu Holding Corporation ("VENU" or the "Company") (NYSE American: VENU), owner, operator, and developer of premium live entertainment destinations, today announced results for its fiscal first quarter ended March 31, 2026 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260515020314/en/VENU Reports First Quarter Fiscal 2026 Financial Results “We had a busy start to fiscal 2026, with significant progress executing on our strategy to bring a new asset class to live entertainment,” said J.W. Roth, Founder, Chairman, and Chief Executive Officer of VENU®. “Conversations with municipalities continue to gain momentum, with more than 45 municipalities currently in active discussion about bringing a VENU concept into their city limits. And subsequent to quarter end we announced a new planned development at the Bend in Chattanooga, Tennessee, which we believe represents a tremendous opportunity for the VENU brand. As we look back on the fiscal first quarter, we are proud of the progress we have made. Our total assets increased to $461.3 million, up 25% from year-end, as we continue to get closer to completing our new state-of-the-art immersive venues. On the sponsorship front, we announced a new multi-year partnership with PepsiCo as our official beverage partner across our portfolio of Sunset Amphitheater venues, as well as an expanded partnership with Aramark Sports and Entertainment. On the capital front we closed an $86.25 million equity capital raise in one of the most volatile market stretches in recent history. We also launched several new product offerings for our Luxe FireSuites™, to meet demand at all levels and support continued development of our venues. Looking ahead, our model is working. The conviction has never been stronger. And the plan is being executed at every level. We are excited for what is next.” Financial Highlights for the First Quarter Fiscal 2026 Ended March 31, 2026 Total assets increased to $461.3 million as of March 31, 2026, up $90.8 million or 25% from $370.5 million at December 31, 2025. It is worth noting that our municipality contributed real estate sit at zero cost basis on our balance sheet rather than mark to market value as they are contributed assets. An as-completed basis appraisal of $1.24 billion reflects a more complete picture of what this portfolio will be worth once completed(1). Property and equipment increased to $381.6 million as of March 31, 2026, up $75.7 million or 25% from $305.9 million at December 31, 2025. The Company completed a capital raise of its common stock together with warrants during the three months ended March 31, 2026, which resulted in gross proceeds of $86.25 million, which generated net proceeds to the Company of $80.1 million. Luxe FireSuite and Aikman Club sales reached more than $260 million in sales since launching the program. Demand for the product, and for our newly launched NNN model prompted the recent launch of a $300+ million NNN portfolio available to both venue patrons and real estate investors across the nation, with Troy Aikman as the Company’s spokesperson. Luxe FireSuite sales through the Company's NNN model accounted for approximately 47% of total Luxe FireSuite sales for the quarter ended March 31, 2026. Total revenue was $3.9 million for the three months ended March 31, 2026, compared to $3.5 million for the three months ended March 31, 2025, an increase of 11%. Operational and Strategic Highlights for the First Quarter Fiscal 2026: Venue Development The 134,000 square foot canopy roof at Sunset Amphitheater Broken Arrow, OK reached full installation in February 2026, a significant construction milestone for the 12,500-capacity venue as it advances toward its targeted fall 2026 opening. Construction continues as planned at Sunset Amphitheater McKinney, TX, where the team recently broke ground on the canopy roof structure of the 20,000-seat venue, which remains on track to open in Q1 2027. Took ownership of a property in Centennial, Colorado in February 2026, where VENU plans to develop a premium indoor concert hall and restaurant. The project will introduce VENU's first ever indoor Luxe FireSuite model to the portfolio. Team & Leadership Strengthened the executive team with the addition of Sarah Rothschild, as Senior Vice President of Strategic Finance and Investor Relations, bringing experience from two of the most iconic names in premium live entertainment, MSG Entertainment and Sphere. Market Recognition & Brand Presented the Billboard Disruptor Award at Billboard's Power 100 to PlaqueBoy Max, one of the most influential creator voices in music today, continuing VENU's role at the center of the live entertainment conversation. Aramark Sports + Entertainment deepened its commitment to VENU in early 2026, expanding its partnership to cover five premium venues and making an additional equity investment, reinforcing its long-term alignment with the Company's growth trajectory. J.W. Roth represented VENU on NYSE TV and Schwab Network, sharing the Company's $6 billion growth vision and the investor's conviction driving its $86.25 million capital raise. Subsequent Events: April 1, 2026, through May 15, 2026 Launched a landmark nationwide Luxe FireSuite campaign across several national broadcast networks, and major digital and social platforms, opening $300+ million in triple net real estate inventory to investors across the country, with longtime VENU shareholder, FireSuite owner, and partner Troy Aikman serving as national spokesperson. Announced active discussions with several Northern Colorado municipalities for a potential $350 million multi-seasonal, omni-content entertainment destination with a capacity of 12,500, designed to set a new standard for live entertainment in the American West. Launched the FireSuite Income Offering, a fractional ownership offering delivering an 11% preferred annual return backed by real estate assets, with a minimum investment of $20,000, bringing Luxe FireSuite ownership to a broader range of accredited investors nationwide. Announced planned expansion into Tennessee with a projected $300 million landmark amphitheater at the Bend in Chattanooga, developed in partnership with Urban Story Ventures, featuring approximately 12,500 seats and a canopied multi seasonal design that will make it one of the largest live entertainment venues in the state. Conference Call Details Friday, May 15, 2026, at 11:00 a.m. Eastern Time North America Toll Free Dial-In Number +1 833-461-5787 International Toll Dial-In Number +1 585-542-9983 Conference ID 966483815 Webcast Link https://events.q4inc.com/attendee/966483815 Conference Call Replay https://investors.venu.live Source: Venu Holding Corporation About Venu Holding Corporation Venu Holding Corporation ("VENU") (NYSE American: VENU) is a premier owner, developer, and operator of luxury, experience-driven entertainment destinations. Founded by Colorado Springs entrepreneur J.W. Roth, VENU® has a portfolio of premium brands that includes Ford Amphitheater, Sunset Amphitheaters, Phil Long Music Hall, The Hall at Bourbon Brothers, Bourbon Brothers Smokehouse and Tavern, Aikman Owners Clubs, and Roth’s Sea & Steak. With venues operating and in development across Colorado, Georgia, Oklahoma, Tennessee, and Texas and a nationwide expansion underway, VENU is setting a new standard for live entertainment. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents, NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, Aramark Sports + Entertainment, Tixr, Niall Horan, and Dierks Bentley, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU’s website, Instagram, LinkedIn, or X. 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 Venu 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. Venu expressly disclaims any obligation to update or alter statements whether because of new information, future events or otherwise, except as required by law. (1) Appraisal Disclosures These appraisals used the cost basis, income, and comparable sales approaches to valuation and, after reconciliation, came to the appraised values of the properties. These approaches to valuation are commonly used approaches to value for appraisal of commercial properties, as opposed to assigning a valuation on the properties based solely on the cost basis of the properties. The total appraisal for the Colorado Springs campus includes a 5.5-acre parking lot that was later sold through a sale-leaseback transaction in November 2025 for $14 million. At the time of the original appraisal, that parcel was valued at $9.2 million. It is important to understand that the appraisal of VENU’s properties takes into account, among other factors, the valuation of the Company’s real estate and developments at a specific point in time, and the appraised value is subject to (and likely to) change at any time, whether it increases or decreases, and such changes could be caused by macro and micro factors over which we have no control. The appraisal of the property portfolio is only an estimate of its value as to the date of the appraisal and based only on the specific appraisal methodologies and should not be relied upon as a measure of its realized value or the value at which any property could be sold to a third party. Other appraisal methodologies may yield materially different appraised value. Furthermore, the appraised value of the properties differs from the values assigned to it under generally accepted accounting principles in the United Stated (“GAAP”), which require the values of the properties to be valued at their cost basis for financial presentation purposes, and therefore the appraised values represent an unaudited measure that may not represent fair value, as defined under GAAP, and such values and appraisals are not, and will not be, subject to audit or other review procedures by our outside independent accountants. The opinions expressed in the appraisal are based on estimates and forecasts that are prospective in nature and subject to certain risks and uncertainties. Events may occur that could cause the performance of the properties to materially differ from the estimates utilized by the appraiser, such as changes in the economy, interest rates, capitalization rates, the financial strength of the live-music and entertainment industries, and the behavior of event attendees, investors, lenders, and municipalities. The Company reviews each appraisal of its properties to confirm that the information provided to the appraiser is accurately reflected in the appraisal, but it does not validate the methodologies, inputs, and professional judgment utilized by the certified appraiser. VENU HOLDING CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in US Dollars)   As of    March 31,    December 31,     2026   2025    Unaudited    Audited ASSETS   Current assets     Cash and cash equivalents  $ 56,601,278      $ 41,306,358 Inventories   512,228       474,467   Prepaid expenses and other current assets   2,624,672       2,546,523   Total current assets   59,738,178       44,327,348   Other assets       Property and equipment, net    381,609,228       305,947,277   Intangible assets, net   127,878       144,558   Operating lease right-of-use assets, net   17,164,052            17,397,009   Investment in EIGHT Brewing            1,999,999       1,999,999   Investment in related parties   555,262       555,262   Security and other deposits           153,358       183,582   Total other assets   401,609,777       326,227,687   Total assets  $ 461,347,955      $ 370,555,035           LIABILITIES AND STOCKHOLDERS' EQUITY       Accounts payable  $ 43,415,266      $ 25,129,485   Accrued expenses   10,141,490       27,847,751   Accrued payroll and payroll taxes   475,467       577,360   Deferred revenue   1,906,770       1,542,564   Current portion of operating lease liabilities   591,976       605,261   Current portion licensing liability          223,333       223,333   Current portion NNN firesuite liability   1,198,400       1,026,300   Current portion of long-term debt         8,168,147       400,108   Total current liabilities   66,120,849       57,352,162           Long-term portion of operating lease liabilities          16,737,525           16,886,027   Long-term licensing liability and other liabilities        9,493,702       8,951,600   Long-term convertible debt       1,917,629       1,907,530   Long-term NNN firesuite liability          35,607,861       30,038,214   Long-term debt, net of current portion        56,450,476       56,568,151   Total liabilities  $ 186,328,042      $ 171,703,684   Commitments and contingencies - See Note 16       Mezzanine Equity       Contingently Redeemable Convertible Cumulative Series B Preferred Stock, $0.001 par - 1,342 authorized,        1,008 issued and outstanding at March 31, 2026 and 675 issued and outstanding at December 31, 2025  $ 15,120,000      $ 10,125,000   Stockholders' Equity       Common stock, $0.001 par - 144,000,000 authorized, 57,937,346 issued and 57,261,156 outstanding at         March 31, 2026 and 43,536,954 issued and 42,860,764 outstanding at December 31, 2025   58,037       42,961   Class B common stock, $0.001 par - 1,000,000 authorized, 381,235 issued and 304,990 outstanding at        March 31, 2026 and December 31, 2025   380       304   Additional paid-in capital   273,159,150       201,188,680   Accumulated deficit   (105,211,275 )     (91,454,930 )    $ 168,006,292      $ 109,777,015   Treasury Stock, at cost - 752,435 shares at March 31, 2026 and December 31, 2025   (7,900,352 )     (7,899,600 ) Total Venu Holding Corporation and subsidiaries equity  $ 160,105,940      $   101,877,415   Non-controlling interest   99,793,973       86,848,936   Total stockholders' equity   $ 259,899,913      $ 188,726,351   Total liabilities and stockholders' equity  $ 461,347,955      $ 370,555,035   VENU HOLDING CORPORATION AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in US Dollars)   For the three months ended   March 31,   2026   2025 Revenues       Restaurant including food and beverage revenue, net  $ 2,424,386      $ 2,044,916   Event center ticket and fees revenue, net   854,811       980,439   Rental and sponsorship revenue, net   621,406       473,804   Total revenues, net  $ 3,900,603      $ 3,499,159   Operating costs       Food and beverage   643,691       497,840   Event center    717,715       724,064   Labor   1,518,745       998,947   Rent   481,712       364,377   General and administrative   7,693,271       6,740,311   Equity compensation   1,955,932       11,340,620   Depreciation and amortization   2,375,792       1,375,364   Total operating costs  $ 15,386,858      $ 22,041,523           Loss from operations  $ (11,486,255 )    $ (18,542,364 )         Other income (expense), net       Interest expense, net   (2,978,733 )     (922,886 ) Other income   20,795       32,500   Total other expense, net   (2,957,938 )     (890,386 )         Net loss  $ (14,444,193 )    $ (19,432,750 )         Net loss attributable to non-controlling interests   (687,848 )     (1,369,020 ) Net loss attributable to Venu   (13,756,345 )     (18,063,730 ) Preferred stock dividend   (147,870 )     -   Net loss attributable to common stockholders  $ (13,904,215 )    $   (18,063,730 )         Weighted average number of shares of Class B common stock, outstanding, basic and diluted   304,990       379,990   Basic and diluted net loss per share of Class B common stock  $ (0.29 )    $ (0.48 )         Weighted average number of shares of Common stock, outstanding, basic and diluted   47,074,491       37,488,778   Basic and diluted net loss per share of Common stock  $ (0.29 )    $ (0.48 ) VENU HOLDING CORPORATION AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in US Dollars)   For the three months ended March 31,     2026     2025 Net loss $ (14,444,193 )    $ (19,432,750 ) Adjustments to reconcile net loss to net cash used in operating activities:           Loss on sale of property and equipment   55,957       -   Equity issued for interest on debt   -       218,760   Equity compensation   1,560,099       11,240,620   Equity issued for services   312,500       100,000   Noncash interest and debt discount   400,314       641,609   Noncash lease expense   428,271       92,107   Depreciation and amortization   2,375,792       1,375,364   Changes in operating assets and liabilities:           Inventories   (37,761 )     24,256   Prepaid expenses and other current assets   (78,149 )     (66,616 ) Security and other deposits   30,224       (141,756 ) Accounts payable   18,285,781       (1,491,784 ) Accrued expenses   (17,854,131 )     (2,855,792 ) Accrued payroll and payroll taxes   (101,893 )     24,900   Deferred revenue   364,206       476,447   Operating lease liabilities   (357,101 )     (92,350 ) Licensing liability   542,102       850,000   Net cash used in operating activities   (8,517,982 )     (9,036,985 ) Cash flows from investing activities           Purchase of property and equipment   (65,861,545 )     (22,048,943 ) Investment in EIGHT Brewing   -       (1,999,999 ) Net cash used in investing activities   (65,861,545 )     (24,048,942 ) Cash flows from financing activities           Receipt of convertible promissory note   -       6,000,000   Proceeds from NNN firesuite liability   5,453,000       -   Proceeds from issuance of Contingently Redeemable Convertible Cumulative Series B Preferred Stock   4,995,000       -   Proceeds from issuance of common warrants and pre-funded warrants   21,796,023       -   Proceeds from issuance of common shares, net of $7,093,977 issuance costs   57,360,000       -   Proceeds from Subsidiary issuance of shares, net of Venu purchase of Subsidiary shares   5,315,902       15,967,250   Principal payments on long-term debt   (166,579 )     (82,245 ) Payment of promissory note   (4,500,000 )     (2,000,000 ) Distributions to non-controlling shareholders   (578,899 )     (105,426 ) Net cash provided by financing activities   89,674,447       19,779,579   Net increase (decrease) in cash and cash equivalents   15,294,920       (13,306,348 ) Cash and cash equivalents, beginning   41,306,358       37,969,454   Cash and cash equivalents, ending $ 56,601,278      $ 24,663,106   Supplemental disclosure of non-cash operating, investing and financing activities:           Cash paid for interest $ 241,111     $ 139,119   Cash paid for income taxes $ -     $ -   Property acquired via promissory note $ 12,215,475     $ 25,000,000   Accrued preferred stock dividends $ 147,870     $ -   Debt discounts - warrants $ -     $ 526,329   View source version on businesswire.com: https://www.businesswire.com/news/home/20260515020314/en/ Investor Relations
Sarah Rothschild, srothschild@venu.live Media Relations
Chloe Polhamus, cpolhamus@venu.live Original: Venu Holding Corporation Reports First Quarter Fiscal 2026 Financial Results

VENU Launches the ‘FireSuite Income Offering’, Bringing Fractional FireSuite Ownership and an 11% Preferred Annual Return to Qualified Investors NationwideMay 13, 2026 8:12 AM
Business Wire Venu Holding Corporation ("VENU" or the "Company") (NYSE American: VENU), owner, operator, and developer of premium live entertainment destinations, today announced the launch of its FireSuite Income Offering, a fractional ownership offering providing participants with an opportunity to acquire an interest in a portion of the Company’s signature Luxe FireSuitesTM across a selection of its under development venues, intended to bring the financial benefits of VENU®'s established FireSuite ownership program to a broader range of investors nationwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513035405/en/VENU Launches the ‘FireSuite Income Offering’, Bringing Fractional FireSuite Ownership and an 11% Preferred Annual Return to Qualified Investors Nationwide Designed for accredited investors seeking passive income backed by a real estate asset, the offering terms and structure provides preferred returns, tax benefits, and structured liquidity with no operational burden on the investor. The newly introduced program offers participants a fractional interest in a dedicated group of company-managed FireSuites, with a minimum investment of $20,000. "We built the FireSuite program from the ground up and it has resonated with investors in a way that frankly exceeded our own expectations," said J.W. Roth, Founder, Chairman, and CEO of VENU. "The FireSuite Income Offering is a natural next step — the same underlying asset, the same 11% preferred return, the same liquidity options, and at an entry point that works for a much wider group of investors." About the FireSuite Income Offering The launch of the FireSuite Income Offering adds up to $54,000,000 in new offering capacity to VENU's growing platform, with 5,400,000 units available at $10.00 per unit. This is the latest milestone in a capital-efficient growth strategy that has driven more than $262 million in FireSuite sales since the launch of the opportunity. Proving sustained demand for the unique asset. Key terms include: Minimum Investment: 2,000 Units / $20,000 Preferred Annual Returns: 11% Buyback Options: Years 5, 10, and 15 Tax Treatment: K-1 depreciation pass-through upon operations VENU is redefining what a live entertainment venue can be. The Company designs, builds, and operates premium amphitheater destinations anchored by its signature premium experiences, elevated Aikman Clubs and Luxe FireSuites, an intimate suite experience built around a central fire pit, featuring in-suite hospitality, dedicated service, and the best sightlines in the house. A Sister Offering to VENU's Landmark National Campaign The FireSuite Income Offering launches alongside VENU's $300+ million Luxe FireSuite Triple Net (NNN) inventory with three-time Super Bowl Champion and NFL Hall of Famer Troy Aikman serving as national spokesperson. Where the NNN offering delivers full suite ownership with a 15-year absolute net lease, 2% annual escalations, and a corporate guarantee from VENU, the FireSuite Income Offering provides investors a path to the same underlying asset and preferred return profile at a significantly lower entry point. With venues under active development in Broken Arrow, Oklahoma; McKinney, Texas; El Paso, Texas; Houston, Texas, Centennial, Colorado; Chattanooga, Tennessee, and ongoing municipal discussions in Northern Colorado, VENU's national footprint continues to expand at scale, giving FireSuite investors exposure to one of the fastest-growing premium entertainment real estate portfolios in the country. For more information on the FireSuite Income Offering visit venu.live/firesuite-income-offering About Venu Holding Corporation Venu Holding Corporation ("VENU") (NYSE American: VENU) is a premier owner, developer, and operator of luxury, experience-driven entertainment destinations. Founded by Colorado Springs entrepreneur J.W. Roth, VENU has a portfolio of premium brands that includes Ford Amphitheater, Sunset Amphitheaters, Phil Long Music Hall, The Hall at Bourbon Brothers, Bourbon Brothers Smokehouse and Tavern, Aikman Owners Clubs, and Roth’s Sea & Steak. With venues operating and in development across Colorado, Georgia, Oklahoma, Tennesee and Texas and a nationwide expansion underway, VENU is setting a new standard for live entertainment. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents, NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, Billboard, Aramark Sports + Entertainment, Tixr, Boston Common Golf, Niall Horan, and Dierks Bentley, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU's website, Instagram, LinkedIn, or X. 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 Venu 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. Venu expressly disclaims any obligation to update or alter statements whether because of new information, future events or otherwise, except as required by law. No Offer, Solicitation, Investment Advice or Recommendations Any offering of securities made by a subsidiary of VENU is for "accredited investors" only and being conducted pursuant to exemptions from registration provided by Section 4(a)(2) of the Securities Act of 1933 (the "Act"). Specifically, the Company will rely on Rule 506(c) of Regulation D promulgated under the Act for any sales of securities, and exemptions available under applicable state securities laws. Any offer of securities may only be made through the definitive offering documents and agreements provided by the issuer. Any sales of securities will be limited strictly to persons who qualify as "accredited investors." Material information is detailed in the offering documents, including, but not limited to, risk factors. This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by VENU or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513035405/en/ Investor Relations
Sarah Rothschild, srothschild@venu.live Media Relations
Chloe Polhamus, cpolhamus@venu.live Original: VENU Launches the ‘FireSuite Income Offering’, Bringing Fractional FireSuite Ownership and an 11% Preferred Annual Return to Qualified Investors Nationwide

VENU Announces Expansion Plans of Its Premium Live Entertainment Portfolio into Tennessee with Landmark $300 Million Amphitheater at the Bend in ChattanoogaMay 12, 2026 8:04 AM
Business Wire Next-Generation, Multi-Seasonal Venue to Become One of the Largest Live Entertainment Destinations in the State Venu Holding Corporation ("VENU" or the “Company”) (NYSE American: VENU), owner, operator, and developer of premium live entertainment destinations, today announced it has entered into an agreement to purchase a 15 acre parcel of property for planned expansion into Tennessee where VENU® is taking definitive steps towards the development of a landmark, next-generation, world-class amphitheater at the Bend® in Chattanooga, to be named Sunset Amphitheater Chattanooga. That planned development is anticipated to represent $300 million in total investment and entering into the purchase agreement represents a definitive and significant milestone in the Company's continued national portfolio growth. Developed in partnership with Urban Story Ventures, the project will deliver an immersive, omni-content, multi-seasonal entertainment experience into one of the Southeast's fastest-growing markets and stands as one of the most significant entertainment and economic development initiatives in Chattanooga's history. The culmination of the development’s partnership is contingent upon the successful completion of public-private partnership incentives currently under negotiation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260512809069/en/Sunset Amphitheater Chattanooga, TN Sitemap Rendering The venue will feature approximately 12,500 seats, making it one of the largest live entertainment venues in Tennessee, surpassing Ascend Amphitheater in Nashville. Featuring a canopied roof designed to function as both partially enclosed and open air, it will become Chattanooga's first multi-seasonal facility, fundamentally expanding the city's ability to attract major touring acts and large-scale events 365 days a year. "This is exactly the kind of strategic expansion opportunity our shareholders expect from us," said JW Roth, Founder, Chairman, and CEO of Venu Holding Corporation. "Chattanooga is a high-growth market with a proven appetite for live entertainment and a city leadership team that understands the economic power of what we are building together. We are grateful for the trust of this community and committed to delivering a destination that makes Chattanooga proud for generations to come." The planned venue will feature expansive traditional bowl seating, lawn seating, and a curated selection of premium spaces exclusive to the VENU portfolio, including elevated Owners Clubs and the signature Luxe FireSuites™, all complemented by a wide variety of food and beverage offerings that make it a true year-round destination for residents and visitors alike. At the heart of the premium experience, VENU's Luxe FireSuites offer intimate seating around a central fire pit, dedicated in-suite hospitality, and unparalleled sightlines in a private suite environment. Designed for discerning fans, corporate partners, and investors seeking their own stake in the live experience, FireSuites represent one of the most exciting ownership opportunities in the booming live entertainment industry. For more information on FireSuites, visit venu.live/luxefiresuites. Beyond audience capacity, the amphitheater is expected to include artist-focused amenities such as green rooms and hospitality suites designed to enhance the pre- and post-show experience for performers and production teams, positioning Chattanooga as a competitive stop on national touring circuits. "This is a transformational moment for Chattanooga and for the Bend," said Jimmy White, President & Managing Partner of Urban Story Ventures. " At present, the city only has indoor live entertainment venues with capacities topping out around 3,800. This venue will be Chattanooga's first open-air venue of this scale, with a capacity of 12,500, more than doubling what the city currently offers. This will fundamentally change the types of artists and events Chattanooga can attract and position us for national and international opportunities." "This amphitheater represents a once-in-a-generation investment into the city, fundamentally changing the entertainment landscape of Chattanooga and the region," White added. "It will bring world-class artists to the city and establish the Bend as a premier entertainment destination alongside major U.S. markets like New York, Atlanta, Chicago, and Nashville." The project is projected to generate more than $4.2 billion in direct and indirect regional economic impact, supporting tourism growth, job creation, hospitality expansion, and long-term investment throughout Chattanooga and the surrounding region. This landmark investment follows extensive planning and collaboration between VENU, Urban Story Ventures, and city and state legislative leadership, underscoring continued confidence in Chattanooga's trajectory and its position as an emerging hub for live entertainment in the Southeast. Hoar Construction will serve as the general contractor for the project. For Luxe FireSuite investment information, visit venu.live/luxefiresuites. About Venu Holding Corporation Venu Holding Corporation ("VENU") (NYSE American: VENU) is a premier owner, developer, and operator of luxury, experience-driven entertainment destinations. Founded by Colorado Springs entrepreneur JW Roth, VENU has a portfolio of premium brands that includes Ford Amphitheater, Sunset Amphitheaters, Phil Long Music Hall, The Hall at Bourbon Brothers, Bourbon Brothers Smokehouse and Tavern, Aikman Owners Clubs, and Roth’s Sea & Steak. With venues operating and in development across Colorado, Georgia, Oklahoma, and Texas and a nationwide expansion underway, VENU is setting a new standard for live entertainment. VENU has been recognized nationally by The Wall Street Journal, The New York Times, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents, NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, Billboard, Aramark Sports + Entertainment, Tixr, Boston Common Golf, Niall Horan, and Dierks Bentley, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU’s website, Instagram, LinkedIn, or X. About Urban Story Ventures Urban Story Ventures is a Southeast commercial real estate development group based in Chattanooga, Tennessee. Led by Jimmy White, the company’s portfolio focuses on mixed-use, office, industrial, and retail sites, reimagined for their highest and best use. Projects from Tennessee to Florida include iconic and historical landmark buildings as well as 100+ acre redevelopments like the Bend. Full-service capabilities include property management, billing, leasing, security, landscaping, and maintenance. For more information, visit UrbanStoryVentures.com. About the Bend The Bend® is a transformative, master-planned, mixed-use riverfront development spanning more than 120 acres along the Tennessee River in downtown Chattanooga. Designed as a vibrant, walkable extension of the city, the project reimagines a historic industrial site into a dynamic district that integrates residential housing, retail, dining, office space, hospitality, entertainment, and public green spaces. With a focus on connectivity, sustainability, and community engagement, the Bend will feature over 1,000 residential units, expansive waterfront access, and a signature large-scale entertainment venue—positioning it as a premier destination for living, working, and gathering while driving long-term economic growth for the region. For more information, visit TheBendChattanooga.com. 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 Venu 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. Venu expressly disclaims any obligation to update or alter statements whether because of new information, future events or otherwise, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260512809069/en/ Investor Relations
Sarah Rothschild, srothschild@venu.live Media Relations
Chloe Polhamus, cpolhamus@venu.live Original: VENU Announces Expansion Plans of Its Premium Live Entertainment Portfolio into Tennessee with Landmark $300 Million Amphitheater at the Bend in Chattanooga

$VENU: Troy Aikman doing commercials for VENU

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Now at $3.90

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