Form 8-K
8-K — Venu Holding Corp
Accession: 0001493152-26-047620
Filed: 2026-10-19
Period: 2026-10-13
CIK: 0001770501
SIC: 7900 (SERVICES-AMUSEMENT & RECREATION SERVICES)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Other Events
Item: Financial Statements and Exhibits
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of report (Date of earliest event reported): October 13, 2026
VENU
HOLDING CORPORATION
(Exact
Name of Registrant as Specified in Its Charter)
Colorado
001-42422
82-0890721
(State
or Other Jurisdiction
of
Incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
1755 Telstar Drive, Suite 501
Colorado Springs, Colorado
80920
(Address of Principal Executive
Offices)
(Zip Code)
Registrant’s
telephone number, including area code: (719) 895-5483
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
Trading
Symbol
Name
of Each Exchange on Which Registered
Common
Stock, par value $.001 per share
VENU
NYSE
AMERICAN
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
October 13, 2026, Venu Holding Corporation (the “Company”) and William Hodgson mutually agreed that Mr. Hodgson will
cease to serve as President of the Company, effective immediately. Mr. Hodgson will assist with the transition of his responsibilities
and remain an employee of the Company until December 1, 2026 (the “Separation Date”). Mr. Hodgson’s transition
was not the result of any disagreement between the Company and Mr. Hodgson on any matter related to Company policies or practices.
The Company expects to provide Mr. Hodgson with severance payments payable over the 90-day period beginning on the
Separation Date (the “Severance Period”); however, final arrangements have not been definitively determined. Mr.
Hodgson will remain available to assist with transition matters during the Severance Period. The Company has not appointed a designated
successor to Mr. Hodgson, and at this time the responsibilities of the President will be transitioned to and assumed by other
members of the Company’s current management team and other recently added Company personnel focused on content
procurement.
Item
8.01 Other Events.
Completion
of Aramark’s Additional Equity Investment
As
previously disclosed in a Current Report on Form 8-K filed by the Company on January 9, 2026, Aramark Sports and Entertainment Services,
LLC (“Aramark”) committed to make an additional $10,005,000 equity investment in the Company through the purchase
of 667 additional shares of the Company’s Series B 4% Cumulative Convertible Preferred Stock (the “Series B Preferred
Stock”). On January 6, 2026, the Company and Aramark entered into an agreement for the purchase and sale of those shares, pursuant
to which the Company agreed to issue Aramark the shares in two tranches: (i) 333 shares of Series B Preferred Stock for $4,995,000 on
January 20, 2026, and (ii) 334 shares of Series B Preferred Stock for $5,010,000 on October 15, 2026.
On
October 15, 2026, the Company closed on the sale of the second tranche of the shares of Series B Preferred Stock to Aramark on the terms
agreed upon in January 2026, thereby completing Aramark’s additional equity investment in the Company.
Reduction
in Debenture Principal
As
previously disclosed in a Current Report on Form 8-K filed by the Company on August 3, 2026, on July 31, 2026 (the “Issuance
Date”), the Company issued and sold to an institutional investor (the “Purchaser”) a Senior Secured Convertible
Debenture in the original principal amount of $25,000,000 (the “Debenture”), together with warrants to purchase up
to 1,000,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) at an exercise
price of $5.00 per share (the “Investor Warrants”). Pursuant to the Debenture, $12,500,000 of the original principal
amount (the “Holdback Amount”) was held in an account as cash collateral for the Company’s obligations under
the Debenture and was to be potentially released to the Company. The Debenture, by its original terms, provides for repayment in five
monthly installments, each originally consisting of $5,000,000 of principal, together with the applicable Payment Premium (as defined
in the Debenture) and any accrued and unpaid interest (each, an “Installment Payment”). On the Issuance Date, the
Company also issued to the exclusive placement agent for the offering warrants exercisable to purchase up to 200,000 shares of Common
Stock at an exercise price of $6.25 per share (the “Placement Agent Warrants”).
The
Company ultimately determined that its financing needs and strategic objectives no longer required the additional funding represented
by the Holdback Amount, and it communicated that determination to the Purchaser. Accordingly, on October 8, 2026, in cooperation with
the Company, the Purchaser delivered to the Company a Holdback Application Notice and Acknowledgment (the “Acknowledgment”),
effective as of September 30, 2026. The Acknowledgment reflects the Company’s and the Purchaser’s mutual agreement to apply
the Holdback Amount to repay $12,500,000 of principal under the Debenture, at par (without the application of any issuance discount)
and without application of the Payment Premium, which has the effect of reducing the original principal amount of the Debenture to $12,500,000.
The Acknowledgment implements the terms of the Debenture and related transaction documents and does not amend or otherwise modify those
terms.
As
a result of the application of the Holdback Amount, the number of shares of Common Stock underlying the Investor Warrants was automatically
reduced from 1,000,000 to 500,000 shares, and the number of shares of Common Stock underlying the Placement Agent Warrants was automatically
reduced from 200,000 to 100,000 shares. Additionally, the principal portion of each Installment Payment was correspondingly reduced from
$5,000,000 to $2,500,000. On October 14, 2026, the Company made its first Installment Payment in cash in the amount of $2,875,000. The
Company expects to also satisfy the remaining Installment Amounts in cash on their prescribed due dates.
Applying
the Holdback Amount to the repayment of the Debenture’s principal enabled the Company to reduce its debt service obligations, reduce
the total Payment Premiums payable under the Debenture, and also reduce the potential dilution associated with the Investor Warrants
and the Placement Agent Warrants.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No.
Description
104
Cover
page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
VENU HOLDING CORPORATION
(Registrant)
Dated: October 19, 2026
By:
/s/ J.W.
Roth
J.W. Roth
Chief Executive Officer and Chairman
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Entity Central Index Key
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Entity Tax Identification Number
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Entity Incorporation, State or Country Code
CO
Entity Address, Address Line One
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Entity Address, Address Line Two
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