Venu to complete $14M sale-leaseback on parking property

Venu Holding (VENU) is expected to close the first sale-leaseback of a property in Colorado Springs, Colorado, in early November 2025. The 5.5-acre property subject to the expected sale-leaseback is home to the primary parking structure at the Company’s Pollstar-nominated Ford Amphitheater and was purchased and improved by VENU during its fiscal 2023 and 2024 years, at a cost totaling approximately $7.7M. The sales price will be $14M, of which $8M will be paid in cash and the balance of $6M will be paid in shares of VENU common stock, currently held by the buyer, calculated by using the seven-day closing average price of VENU’s common stock prior to the closing date. VENU intends to retire the shares into treasury, thereby reducing the Company’s total outstanding shares. The Company intends to use the proceeds from the sale for construction of its upcoming amphitheaters in Oklahoma and Texas. The buyer is expected to receive an approximate 7.5% capitalization rate on the investment. The Company has negotiated a one-time right to re-purchase the property from the buyer within the first three years of the sale at the appraised value of the property.