Canterbury Park (CPHC) Registration Filing summary

Company overview and business model

• Operates through four segments: horse racing, card casino, food and beverage, and real estate development, primarily at a racetrack and casino facility in Shakopee, Minnesota.

• Real estate development focuses on mixed-use projects on 140 acres, with joint ventures for residential, office, hotel, and retail uses.

• Subject to direct regulation by the Minnesota Racing Commission for racing and gaming operations.

Financial performance and metrics

• As of September 12, 2025, 5,086,028 shares of common stock were outstanding, with a public float of approximately $63.8 million.

• No outstanding preferred stock as of September 12, 2025.

Use of proceeds and capital allocation

• Net proceeds from any offering will be used for general corporate purposes, including acquisitions, debt repayment, capital expenditures, and working capital.

• Proceeds may be temporarily invested in short-term marketable securities.