Venus Concept Announces $15 million Debt-to-Equity Exchange Transaction
Venus Concept Inc. (VERO)
Last venus concept inc. earnings: 3/30 04:05 pm
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Source: GlobeNewswire
TORONTO, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, today announced that, on September 26, 2024, the Company exchanged $15.0 million of its senior debt held by affiliates of Madryn Asset Management, LP (“Madryn”) for 203,583 shares of its Series Y preferred stock. Following this transaction, the Company had total debt obligations of approximately $34.6 million, down 25% from $46.0 million outstanding as of June 30, 2024 and down 54% from $74.9 million outstanding as of December 31, 2023. “We continue to execute on our transformation plan and today’s transaction brings us another step closer to optimizing our capital structure and debt profile for the business,” said Rajiv De Silva, Chief Executive Officer of Venus Concept. “The support from Madryn has been critical in our journey and we are grateful for their long-term support. This transaction further strengthens the financi
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VERO
Sec Filings
- 12/20/24 - Form PRE
- 12/4/24 - Form 4
- 12/3/24 - Form 8-K
- VERO's page on the SEC website