Venu Holding Corp
For the period ended Mar 31, 2026. Filed May 15, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
VENU$1.19+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the three months ended March 31, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Net loss | $(14,444,193) | $(19,432,750) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Loss on sale of property and equipment | 55,957 | - | ||
| Equity issued for interest on debt | - | 218,760 | ||
| Equity compensation | 1,560,099 | 11,240,620 | ||
| Equity issued for services | 312,500 | 100,000 | ||
| Noncash interest and debt discount | 400,314 | 641,609 | ||
| Noncash lease expense | 428,271 | 92,107 | ||
| Depreciation and amortization | 2,375,792 | 1,375,364 | ||
| Changes in operating assets and liabilities: | ||||
| Inventories | (37,761) | 24,256 | ||
| Prepaid expenses and other current assets | (78,149) | (66,616) | ||
| Security and other deposits | 30,224 | (141,756) | ||
| Accounts payable | 18,285,781 | (1,491,784) | ||
| Accrued expenses | (17,854,131) | (2,855,792) | ||
| Accrued payroll and payroll taxes | (101,893) | 24,900 | ||
| Deferred revenue | 364,206 | 476,447 | ||
| Operating lease liabilities | (357,101) | (92,350) | ||
| Licensing liability | 542,102 | 850,000 | ||
| Net cash used in operating activities | (8,517,982) | (9,036,985) | ||
| Cash flows from investing activities | ||||
| Purchase of property and equipment | (65,861,545) | (22,048,943) | ||
| Investment in EIGHT Brewing | - | (1,999,999) | ||
| Net cash used in investing activities | (65,861,545) | (24,048,942) | ||
| Cash flows from financing activities | ||||
| Receipt of convertible promissory note | - | 6,000,000 | ||
| Proceeds from NNN firesuite liability | 5,453,000 | - | ||
| Proceeds from issuance of Contingently Redeemable Convertible Cumulative Series B Preferred Stock | 4,995,000 | - | ||
| Proceeds from issuance of common warrants and pre-funded warrants | 21,796,023 | - | ||
| Proceeds from issuance of common shares, net of $7,093,977 issuance costs | 57,360,000 | - | ||
| Proceeds from Subsidiary issuance of shares, net of Venu purchase of Subsidiary shares | 5,315,902 | 15,967,250 | ||
| Principal payments on long-term debt | (166,579) | (82,245) | ||
| Payment of promissory note | (4,500,000) | (2,000,000) | ||
| Distributions to non-controlling shareholders | (578,899) | (105,426) | ||
| Net cash provided by financing activities | 89,674,447 | 19,779,579 | ||
| Net increase (decrease) in cash and cash equivalents | 15,294,920 | (13,306,348) | ||
| Cash and cash equivalents, beginning | 41,306,358 | 37,969,454 | ||
| Cash and cash equivalents, ending | $56,601,278 | $24,663,106 | ||
| Supplemental disclosure of non-cash operating, investing and financing activities: | ||||
| Cash paid for interest | $241,111 | $139,119 | ||
| Cash paid for income taxes | $ | - | $ | - |
| Property acquired via promissory note | $12,215,475 | $25,000,000 | ||
| Accrued preferred stock dividends | $147,870 | $ | - | |
| Debt discounts - warrants | $ | - | $526,329 | |
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