Venus Concept Raises a Total of Approximately $2.7 Million in Gross Proceeds from Previously Announced Registered Direct Offerings of Common Stock

Core Viewpoint - Venus Concept Inc. has successfully closed a registered direct offering, raising approximately $1.57 million through the sale of 386,700 shares at a price of $4.06 per share, with total gross proceeds from recent offerings amounting to approximately $2.7 million [1][2]. Group 1: Offering Details - The offering was conducted under Nasdaq rules, with H.C. Wainwright & Co. serving as the exclusive placement agent [1]. - The gross proceeds from the offering were approximately $1.57 million before deducting fees and expenses, and combined with a previous offering, the total gross proceeds reached approximately $2.7 million [2]. - The shares were offered under a "shelf" registration statement that was effective as of November 1, 2024, and the offering was made via a prospectus [3]. Group 2: Company Overview - Venus Concept is a global leader in medical aesthetic technology, offering a wide range of minimally invasive and non-invasive products across over 60 countries [5]. - The company's product portfolio includes various aesthetic device platforms and hair restoration systems, supported by prominent healthcare growth equity investors [5].