VENU Capital Raise Strengthens Balance Sheet and Reinforces Minimal-Debt Strategy

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)---- $VENU #CapitalRaise--Venu Holding Corporation ("VENU" or the "Company") (NYSE AMERICAN: VENU), announced last week that it has closed an $86.25 million capital raise, significantly strengthening the Company's balance sheet and reinforcing its long-standing strategy of operating with minimal debt. As part of the raise, a portion of the proceeds was used to retire a short-term purchase liability associated with land in Centennial, Colorado, where VENU plans to develop a state.