05:15 PM EDT, 08/28/2025 (MT Newswires) -- Venu ( VENU ) said late Thursday it has closed its public offering of nearly 2.88 million shares, including 375,000 shares sold upon the full exercise of the underwriter's option to buy additional shares, at $12 apiece, for gross proceeds of $34.5 million.

Net proceeds will be used to fund part of the development costs of the Sunset McKinney and Sunset Broken Arrow projects, as well as for working capital and general corporate purposes, the company said.