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Venus Concept Announces $11 million Debt-to-Equity Exchange Transaction
VEROVenus cept (VERO) GlobeNewswire·2025-04-01 20:45

TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- Venus Concept Inc. ("Venus Concept" or the "Company") (NASDAQ: VERO), a global medical aesthetic technology leader, announced today that, on March 31, 2025, the Company exchanged 11.0millionofitssubordinatedconvertiblenotesheldbyaffiliatesofMadrynAssetManagement,LP("Madryn")for379,311sharesofitsSeriesYpreferredstock.Followingthetransaction,theCompanyhadtotaldebtobligationsofapproximately11.0 million of its subordinated convertible notes held by affiliates of Madryn Asset Management, LP ("Madryn") for 379,311 shares of its Series Y preferred stock. Following the transaction, the Company had total debt obligations of approximately 35.5 million, down 54% from $76.7 millio ...