This is a highly conditional land option, not a committed acquisition. Monitor for the Contingency Expiration Date (~November 8, 2026) and any 8-K announcing satisfaction of conditions or termination. The $10K earnest money means Venu can walk away at virtually no cost — do not price in the amphitheater project until a development agreement and financing are secured.
Price Chart
Executive Summary
Venu Holding Corp, through its subsidiary Sunset at Chattanooga, LLC, has entered into a Purchase and Sale Agreement to acquire a 15-acre parcel in Chattanooga, TN for $20 million, with plans to develop a multi-seasonal amphitheater and entertainment complex. The deal is contingent on numerous pre-closing conditions including securing a development agreement, government incentives, pre-selling suite rights, and a TIF incentive, with closing expected by December 31, 2026. This is a highly conditional, early-stage land acquisition with no committed financing disclosed — the contingencies give Venu significant optionality but also mean the project may never close.
Key Financial Metrics
Key Facts
- Purchase price is $20,000,000 for approximately 15 acres in Chattanooga, TN
- Closing expected on or before December 31, 2026
- Purchaser's obligation is contingent on multiple conditions including a development agreement, minimum incentives, pre-sale of suites, and a TIF incentive of at least $[***] over 20 years
- Earnest money is only $10,000, indicating low commitment at this stage
- Specific dollar amounts for funding sources (Development Incentive Funding, Suite Sales Revenue, ticket fee participation) are redacted as confidential
- Purchaser has sole discretion to waive contingencies or terminate the agreement
Financial Impact
Total purchase price of $20,000,000 for land acquisition. Specific breakdown of funding sources (incentives, suite sales, ticket fee participation) are redacted. The $10,000 earnest money is minimal relative to the purchase price.
Risk Factors
- All six Purchaser Contingencies must be satisfied or waived by the six-month anniversary — failure means the deal terminates with no penalty
- Specific funding amounts for incentives, suite sales, and ticket fees are redacted, making it impossible to assess the capital structure
- No committed debt or equity financing for the $20M purchase price or the larger amphitheater construction costs has been disclosed
- The project requires coordination with multiple government entities (City, County, State) for incentives, TIF, and land transfer
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-022798 |
| Document: form8-k.htm | 0001493152-26-022798 |
| Document: 0001493152-26-022798-index-headers.html | 0001493152-26-022798 |
| Document: 0001493152-26-022798-index.html | 0001493152-26-022798 |
| Document: 0001493152-26-022798.txt | 0001493152-26-022798 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | — | awaiting T+1 | — | — |
Oct 19, 2026 7d ago | 8-K | $1.20 $1.38 | ▲ +15.00% | ▲ +14.47% | $1.32 (+10.00%) |
Oct 2, 2026 24d ago | 3 | $1.43 $1.43 | · 0.00% | ▼ −0.55% | $1.32 (−7.69%) |
Sep 24, 2026 4w ago | 8-K | $1.48 $1.43 | ▼ −3.38% | ▼ −2.63% | $1.32 (−10.81%) |
Sep 21, 2026 4w ago | Insider Cluster | $1.56 $1.47 | ▼ −5.77% | ▼ −5.05% | $1.32 (−15.38%) |
Sep 15, 2026 5w ago | Insider Cluster | $1.69 $1.62 | ▼ −4.14% | ▼ −5.28% | $1.32 (−21.89%) |
Sep 2, 2026 7w ago | Insider Cluster | $1.92 $2.00 | ▲ +4.17% | ▲ +4.55% | $1.32 (−31.25%) |
Aug 31, 2026 8w ago | Insider Cluster | $1.86 $1.80 | ▼ −3.23% | ▼ −3.67% | $1.32 (−29.03%) |
Aug 27, 2026 8w ago | Insider Cluster | $2.02 $1.92 | ▼ −4.95% | ▼ −4.65% | $1.32 (−34.65%) |
Aug 20, 2026 9w ago | 8-K | $1.92 $1.89 | ▼ −1.56% | ▼ −1.97% | $1.32 (−31.25%) |
US Market Status
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