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Venus Concept Announces $15 million Debt-to-Equity Exchange Transaction
VEROVenus cept (VERO) GlobeNewswire News Room·2024-09-27 11:30

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 15.0millionofitsseniordebtheldbyaffiliatesofMadrynAssetManagement,LP("Madryn")for203,583sharesofitsSeriesYpreferredstock.Followingthistransaction,theCompanyhadtotaldebtobligationsofapproximately15.0 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 ...