Venu Holding Corporation (NYSE American: VENU) announced that its shareholders have approved an amendment to the company's Amended and Restated 2023 Omnibus Incentive Compensation Plan. The amendment, which became effective on September 23, 2026, increases the number of shares of common stock reserved for issuance under the plan from 7,500,000 shares to 10,000,000 shares.
The approval was secured during the company's 2026 Annual Meeting of Shareholders, which was held virtually on September 23, 2026. Shareholders representing 37,237,129 votes, or 63.25% of the voting power, participated in the meeting. The amendment received the support of 31,340,740 votes, with 5,510,314 votes cast against the proposal.
The meeting also covered four other proposals, including the election of seven directors to serve until the 2027 Annual Meeting. Additionally, shareholders approved a potential issuance of 20% or more of the company's outstanding common stock as of July 31, 2026, in connection with a debt financing transaction with YA II PN, Ltd. The shareholders also ratified the appointment of Grassi & Co., CPAs, P.C. as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026.
