VENU · Venu Holding Corporation

On May 8, 2026, Venu Holding Corporation's wholly owned subsidiary, Sunset at Chattanooga, LLC, entered into a Purchase and Sale Agreement to acquire approximately 15 acres of real property in Chattanooga, Tennessee for $20 million. The property is intended for development of a multi-seasonal amphitheater and entertainment complex. The purchase price will be funded through a combination of development incentive funding, suite sales revenue, and a ticket fee participation agreement with the seller. Closing is expected by December 31, 2026, but is contingent on several conditions, including execution of a development agreement with local government entities, receipt of a defined minimum amount of incentives, presale of a minimum number of firepit suites, and seller arranging for transfer of an additional parcel. The agreement includes customary terms such as earnest money deposit, inspection rights, and title review. This transaction represents a significant capital commitment and strategic expansion for Venu Holding into the live entertainment venue space, with multiple contingencies that could affect timing and completion.