\nVenu Holding Corporation (“VENU” or the \u201cCompany\u201d) (NYSE American: VENU), a developer, owner, and operator of upscale live music venues and premium hospitality destinations, announced today its results for the fiscal year ended December 31, 2024.\n<\/p>\n
\n\u201c2024 was nothing short of spectacular for VENU\u2014marked by record-breaking performances, electric openings, and strategic moves that truly put us center-stage in the premium live entertainment industry,\u201d says J.W. Roth Founder, Chairman, and CEO of VENU. \u201cFrom the wildly successful launch of our flagship Ford Amphitheater, which captivated over 112,000 fans from across the nation and received a Nomination for Pollstar Magazines\u2019 2024 Best New Concert Venue of the Year, to our bold expansion plans and efforts into fast-growing markets such as McKinney, Broken Arrow, and El Paso this year showcased the boundless potential of our unique, fan-centric vision. We\u2019re not just building venues; we\u2019re setting a new standard for luxury entertainment that keeps our audiences thrilled and coming back for more.\n<\/p>\n
\nAs we look ahead to 2025, the excitement only intensifies. Our recent IPO energized our mission, empowering us to accelerate our ambitious plans, including new partnerships with iconic brands and legends like NFL Hall of Famer and Founder of EIGHT Beer, Troy Aikman, alongside major appointments to our leadership team.\n<\/p>\n
\nBuilding a business like ours requires significant upfront investment. We expect to turn the corner toward operational profitability in 2026, driven by development revenue from the expected official opening of three major venues in McKinney, El Paso, and Broken Arrow.\n<\/p>\n
\nWith every strategic step, we\u2019re redefining the live entertainment landscape\u2014delivering unmatched value to our shareholders and, most importantly, unforgettable experiences to our fans. Buckle up!\u201d\n<\/p>\n
2024 Financial Highlights<\/b><\/p>\n Operational Highlights for 2024 and Subsequent Events:<\/b><\/p>\n 2025 Recent Announcements<\/b><\/p>\n CONFERENCE CALL DETAILS<\/b><\/p>\n \nMonday, March 31, 2025, at 4:30 p.m. Eastern Time\n<\/p>\n<\/td>\n<\/tr>\n \nUSA\/Canada Toll-Free Dial-In Number:\n<\/p>\n<\/td>\n \n(800) 715-9871\n<\/p>\n<\/td>\n<\/tr>\n \nInternational Toll Dial-In Number:\n<\/p>\n<\/td>\n \n+1 (646) 307-1963\n<\/p>\n<\/td>\n<\/tr>\n \nConference ID: 9521412\n<\/p>\n<\/td>\n<\/tr>\n \nConference Call Replay – available through March 31, 2026, at https:\/\/investors.venu.live<\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n About Venu Holding Corporation<\/b><\/p>\n \nVenu 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, artist-centric, experience-driven entertainment destinations. VENU\u2019s 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 9,570-seat Ford Amphitheater. Expanding with new multi-season Sunset Amphitheaters in Oklahoma and Texas, VENU\u2019s upcoming large-scale venues will host between 12,500 and 20,000 guests, continuing VENU\u2019s vision of redefining the premium live entertainment experience. Click here<\/a> to view our company overview.\n<\/p>\n \nVENU 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 Beer, Troy Aikman, VENU continues to shape the future of the entertainment landscape. For more information, visit venu.live<\/a><\/p>\n Forward-Looking Statements<\/b><\/p>\n \nCertain 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.\n<\/p>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2023<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n$\n<\/p>\n<\/td>\n \n37,969,454\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n20,201,104\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n225,283\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n185,746\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n850,951\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n209,215\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n39,045,688\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n20,596,065\n<\/p>\n<\/td>\n 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$<\/b><\/p>\n<\/td>\n (10,524,473<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n –<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 136,301<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n $<\/b><\/p>\n<\/td>\n –<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n (0.39<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n 724,629<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 16,640,620<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n $<\/b><\/p>\n<\/td>\n (0.86<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n (0.39<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n 6,758,034<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 10,106,179<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n $<\/b><\/p>\n<\/td>\n (0.86<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n (0.39<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n 16,319,014<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n –<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n $<\/b><\/p>\n<\/td>\n (0.86<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n –<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n 11,642,944<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n –<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n $<\/b><\/p>\n<\/td>\n (0.86<\/b><\/p>\n<\/td>\n )<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n –<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n2024\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2023\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(32,948,974\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(11,386,793\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n766,920\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n12,015,133\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,610,350\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n668,403\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n2,917,989\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,544\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n498,808\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n486,924\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n75,603\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n3,656,229\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,877,236\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n2,500,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,292\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(39,537\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(98,591\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n(641,736\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n88,579\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n332,889\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(225,904\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n4,694,025\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n745,259\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n2,858,450\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n334,840\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(69,070\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(73,542\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n764,078\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n636,790\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(465,890\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(452,759\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n6,250,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,500,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n3,757,717\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(4,876,172\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n(72,483,650\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(31,165,063\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n74,085\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(72,409,565\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(31,165,063\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n38,463,367\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n16,750,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(934,435\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(531,789\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n(313,136\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n(224,386\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n31,960,250\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n16,695,180\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n12,654,100\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n52\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n82,600\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(100,000\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(1,500,000\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n(10,000\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n6,200,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n86,420,198\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n32,771,605\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n17,768,350\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(3,269,630\n<\/p>\n<\/td>\n \n)\n<\/p>\n<\/td>\n<\/tr>\n \n20,201,104\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n23,470,734\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n37,969,454\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n20,201,104\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n406,483\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n305,169\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,400,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n2,000,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n10,000,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n3,000,140\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n100,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n200,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n3,267,000\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n471,476\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n–\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250331079827\/en\/<\/a><\/span><\/p>\n Media Relations Investor Relations KEYWORDS:<\/b> United States North America Colorado<\/p>\n INDUSTRY KEYWORDS:<\/b> Entertainment Events\/Concerts Restaurant\/Bar Other Travel Music Tourist Attractions Retail Destinations Travel<\/p>\n\n
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\n \n \n \n \n \n \n \n \n \n \n \n \n
\n VENU HOLDING CORPORATION AND SUBSIDIARIES<\/b><\/td>\n<\/tr>\n \n CONSOLIDATED BALANCE SHEETS<\/b><\/td>\n<\/tr>\n \n (in US Dollars)<\/td>\n<\/tr>\n \n \n As of<\/b><\/td>\n<\/tr>\n \n \n December 31,<\/b><\/td>\n \n December 31,<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n ASSETS<\/b><\/td>\n \n \n <\/tr>\n \n Current assets<\/td>\n \n \n <\/tr>\n \n Cash and cash equivalents<\/td>\n \n \n \n \n \n \n \n \n Inventories<\/td>\n \n \n \n \n \n \n \n \n Prepaid expenses and other current assets<\/td>\n \n \n \n \n \n \n \n \n Total current assets<\/td>\n \n \n \n \n \n \n \n \n Other assets<\/td>\n \n \n <\/tr>\n \n Property and equipment, net<\/td>\n \n \n \n \n \n \n \n \n Intangible assets, net<\/td>\n \n \n \n \n \n \n \n \n Operating lease right-of-use assets, net<\/td>\n \n \n \n \n \n \n \n \n Investments in related parties<\/td>\n \n \n \n \n \n \n \n \n Security and other deposits<\/td>\n \n \n \n \n \n \n \n \n Total other assets<\/td>\n \n \n \n \n \n \n \n \n Total assets<\/b><\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n LIABILITIES AND STOCKHOLDERS’ EQUITY<\/b><\/td>\n \n \n <\/tr>\n \n Accounts payable<\/td>\n \n \n \n \n \n \n \n \n Accrued expenses<\/td>\n \n \n \n \n \n \n \n \n Accrued payroll and payroll taxes<\/td>\n \n \n \n \n \n \n \n \n Deferred revenue<\/td>\n \n \n \n \n \n \n \n \n Convertible debt<\/td>\n \n \n \n \n \n \n \n \n Current portion of operating lease liabilities<\/td>\n \n \n \n \n \n \n \n \n Current portion of long-term debt<\/td>\n \n \n \n \n \n \n \n \n Total current liabilities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Long-term portion of operating lease liabilities<\/td>\n \n \n \n \n \n \n \n \n Long-term licensing liability<\/td>\n \n \n \n \n \n \n \n \n Long-term debt, net of current portion<\/td>\n \n \n \n \n \n \n \n \n Total liabilities<\/b><\/td>\n \n \n \n \n \n \n \n \n Commitments and contingencies – See Note 14<\/td>\n \n \n <\/tr>\n \n Stockholders’ Equity<\/td>\n \n \n <\/tr>\n \n Class B common stock, $0.001 par – 1,000,000 authorized, 379,990 issued and outstanding at<\/td>\n \n \n \n \n \n \n \n \n December 31, 2024 and 30,000,000 authorized and 1,959,445 issued and outstanding at December 31, 2023<\/td>\n \n \n <\/tr>\n \n Class C common stock, $0.001 par – 0 authorized and issued and outstanding at December 31, 2024<\/td>\n \n \n \n \n \n \n \n \n and 50,000,000 authorized and 30,306,060 issued and outstanding at December 31, 2023<\/td>\n \n \n <\/tr>\n \n Common stock, $0.001 par – 144,000,000 authorized, 37,471,465 issued and outstanding at<\/td>\n \n \n \n \n \n \n \n \n December 31, 2024 and 60,000,000 authorized at 0 issued and outstanding at December 31, 2023<\/td>\n \n \n <\/tr>\n \n Preferred stock, $0.001 par – 5,000,000 authorized, none issued or outstanding<\/td>\n \n \n \n \n \n \n \n \n Additional paid-in capital<\/td>\n \n \n \n \n \n \n \n \n Accumulated deficit<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Treasury Stock, at cost – 276,245 shares at December 31, 2024 and 76,245 shares at December 31, 2023<\/td>\n \n \n \n \n \n \n \n \n Total Venu Holding Corporation and subsidiaries equity<\/td>\n \n \n \n \n \n \n \n \n Non-controlling interest<\/td>\n \n \n \n \n \n \n \n \n Total stockholders’ equity<\/b><\/td>\n \n \n \n \n \n \n \n \n Total liabilities and stockholders’ equity<\/b><\/td>\n \n \n \n \n \n \n \n \n
\n VENU HOLDING CORPORATION AND SUBSIDIARIES<\/b><\/td>\n<\/tr>\n \n CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/td>\n<\/tr>\n \n (in US Dollars)<\/td>\n<\/tr>\n \n \n \n For the years ended<\/b><\/td>\n<\/tr>\n \n \n \n December 31,<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n Revenues<\/b><\/td>\n \n \n \n <\/tr>\n \n Restaurant including food and beverage revenue<\/td>\n \n \n \n \n \n \n \n \n \n Event center ticket and fees revenue<\/td>\n \n \n \n \n \n \n \n \n \n Rental and sponsorship revenue<\/td>\n \n \n \n \n \n \n \n \n \n Total revenues<\/b><\/td>\n \n \n \n \n \n \n \n \n \n Operating costs<\/b><\/td>\n \n \n \n <\/tr>\n \n Food and beverage<\/td>\n \n \n \n \n \n \n \n \n \n Event center<\/td>\n \n \n \n \n \n \n \n \n \n Labor<\/td>\n \n \n \n \n \n \n \n \n \n Rent<\/td>\n \n \n \n \n \n \n \n \n \n General and administrative<\/td>\n \n \n \n \n \n \n \n \n \n Equity compensation<\/td>\n \n \n \n \n \n \n \n \n \n Depreciation and amortization<\/td>\n \n \n \n \n \n \n \n \n \n Total operating costs<\/b><\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Loss from operations<\/b><\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Other income (expense), net<\/b><\/td>\n \n \n \n <\/tr>\n \n Interest expense<\/td>\n \n \n \n \n \n \n \n \n \n Other expense<\/td>\n \n \n \n \n \n \n \n \n \n Loss on sale of investments<\/td>\n \n \n \n \n \n \n \n \n \n Interest income<\/td>\n \n \n \n \n \n \n \n \n \n Other income<\/td>\n \n \n \n \n \n \n \n \n \n Total other expense, net<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net loss<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net loss attributable to non-controlling interests<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net loss attributable to common stockholders<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average number of shares of Class A common stock, outstanding, basic and diluted<\/td>\n \n \n \n \n \n \n \n \n \n Basic and diluted net loss per share of Class A common stock<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average number of shares of Class B common stock, outstanding, basic and diluted<\/td>\n \n \n \n \n \n \n \n \n \n Basic and diluted net loss per share of Class B common stock<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average number of shares of Class C common stock, outstanding, basic and diluted<\/td>\n \n \n \n \n \n \n \n \n \n Basic and diluted net loss per share of Class C common stock<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average number of shares of Class D common stock, outstanding, basic and diluted<\/td>\n \n \n \n \n \n \n \n \n \n Basic and diluted net loss per share of Class D common stock<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average number of shares of Common stock, outstanding, basic and diluted<\/td>\n \n \n \n \n \n \n \n \n \n Basic and diluted net loss per share of Common stock<\/td>\n \n \n \n \n \n \n \n \n \n
\n VENU HOLDING CORPORATION AND SUBSIDIARIES<\/b><\/td>\n<\/tr>\n \n CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/td>\n<\/tr>\n \n (in US Dollars)<\/td>\n<\/tr>\n \n \n For the years ended December 31,<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n Net loss<\/td>\n $<\/b><\/td>\n \n \n \n $<\/b><\/td>\n \n \n \n Adjustments to reconcile net loss to net cash used in operating activities:<\/td>\n \n \n \n \n <\/tr>\n \n Equity issued for interest on convertible debt<\/td>\n \n \n \n \n \n \n \n \n Equity based compensation<\/td>\n \n \n \n \n \n \n \n \n Project abandonment loss<\/td>\n \n \n \n \n \n \n \n \n Amortization of debt discount<\/td>\n \n \n \n \n \n \n \n \n Non cash lease expense<\/td>\n \n \n \n \n \n \n \n \n Unrealized income on equity method investment<\/td>\n \n \n \n \n \n \n \n \n Depreciation and amortization<\/td>\n \n \n \n \n \n \n \n \n Noncash financing expense<\/td>\n \n \n \n \n \n \n \n \n Noncash interest<\/td>\n \n \n \n \n \n \n \n \n Changes in operating assets and liabilities:<\/td>\n \n \n \n \n <\/tr>\n \n Inventories<\/td>\n \n \n \n \n \n \n \n \n Prepaid expenses and other current assets<\/td>\n \n \n \n \n \n \n \n \n Receivables from AEG partnership<\/td>\n \n \n \n \n \n \n \n \n Security deposit<\/td>\n \n \n \n \n \n \n \n \n Accounts payable<\/td>\n \n \n \n \n \n \n \n \n Accrued expenses<\/td>\n \n \n \n \n \n \n \n \n Accrued payroll and payroll taxes<\/td>\n \n \n \n \n \n \n \n \n Deferred revenue<\/td>\n \n \n \n \n \n \n \n \n Operating lease liabilities<\/td>\n \n \n \n \n \n \n \n \n Licensing liabilities<\/td>\n \n \n \n \n \n \n \n \n Net cash provided by (used in) operating activities<\/b><\/td>\n \n \n \n \n \n \n \n \n Cash flows from investing activities<\/b><\/td>\n \n \n \n \n <\/tr>\n \n Purchase of property and equipment<\/td>\n \n \n \n \n \n \n \n \n Net cash acquired from acquisition of 13141 BP<\/td>\n \n \n \n \n \n \n \n \n Net cash used in investing activities<\/b><\/td>\n \n \n \n \n \n \n \n \n Cash flows from financing activities<\/b><\/td>\n \n \n \n \n <\/tr>\n \n Proceeds from sale of non-controlling interest equity<\/td>\n \n \n \n \n \n \n \n \n Distributions to non-controlling shareholders<\/td>\n \n \n \n \n \n \n \n \n Principal payments on long-term debt<\/td>\n \n \n \n \n \n \n \n \n Proceeds from issuance of shares<\/td>\n \n \n \n \n \n \n \n \n IPO issued<\/td>\n \n \n \n \n \n \n \n \n Proceeds from exercise of warrants<\/td>\n \n \n \n \n \n \n \n \n Payment for personal guarantee on convertible debt<\/td>\n \n \n \n \n \n \n \n \n Acquisition of Treasury Stock<\/td>\n \n \n \n \n \n \n \n \n Receipt of short-term promissory note<\/td>\n \n \n \n \n \n \n \n \n Proceeds from municipality promissory note<\/td>\n \n \n \n \n \n \n \n \n Net cash provided by financing activities<\/b><\/td>\n \n \n \n \n \n \n \n \n Net increase (decrease) in cash and cash equivalents<\/b><\/td>\n \n \n \n \n \n \n \n \n Cash and cash equivalents, beginning<\/b><\/td>\n \n \n \n \n \n \n \n \n Cash and cash equivalents, ending<\/b><\/td>\n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Supplemental disclosure of non-cash operating, investing and financing activities:<\/b><\/td>\n \n \n \n \n <\/tr>\n \n Cash paid for interest<\/td>\n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Property acquired via mortgage<\/td>\n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Property acquired via short-term promissory note<\/td>\n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Property acquired via convertible debt<\/td>\n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Debt discounts – warrants<\/td>\n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Equity issued for origination fee<\/td>\n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Debt discount – suite granted to lender<\/td>\n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Land returned in exchange for termination of promissory note payable<\/td>\n $<\/td>\n \n \n \n $<\/td>\n \n \n \n Right of Use Assets obtained in exchange for operating lease liabilities<\/td>\n $<\/td>\n \n \n \n $<\/td>\n \n \n <\/p>\n
\n<\/b>
Chloe Hoeft
\n
Venu Holding Corporation (\u201cVENU\u201d)
\n
719-895-5470
\n
choeft@venu.live<\/a><\/p>\n
\n<\/b>
Dave Gentry
\n
RedChip Companies, Inc.
\n
1-407-644-4256
\n
VENU@redchip.com<\/a><\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20250331079827\/en\/2425150\/3\/VENU_PrimaryLogo_BlkGold.jpg\")
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