[Form 3] Venu Holding Corporation Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
Kevin W. O'Neil filed an initial Form 3 reporting beneficial ownership in Venu Holding Corp (VENU). He directly owns 2,503,505 shares of common stock and holds warrants exercisable into 1,995,000 shares in total: 1,245,000 warrants at $10 (exercisable 01/14/2025, expiring 01/14/2028) and three tranches of 200,000, 300,000 and 250,000 warrants at $12.50 (exercisable 04/04/2025, 02/08/2025 and 05/05/2025 respectively, all expiring in 2028).
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Insights
TL;DR Director disclosed substantial direct equity and multiple warrant tranches, a routine but necessary governance transparency filing.
As an initial Form 3, this filing documents Mr. O'Neil's direct ownership of 2,503,505 common shares and warrants totaling 1,995,000 underlying shares with specified exercise prices and dates. The filing meets Section 16 disclosure requirements and allows shareholders to see potential future dilution if warrants are exercised.
TL;DR Ownership disclosure is informative but not a standalone material event; it quantifies current and potential equity exposure.
The report provides exact counts and exercise prices for warrants, enabling straightforward calculation of dilution and potential proceeds on exercise. There is no earnings, debt, or transaction detail here; the filing is a routine ownership disclosure rather than new corporate action.