Core Viewpoint - Venus Concept Inc. announced a 1-for-11 reverse stock split to increase the bid price of its common stock and regain compliance with Nasdaq Capital Market listing requirements [1][3]. Company Actions - The reverse stock split will be effective at 5:00 p.m. EST on March 3, 2025, with trading on a split-adjusted basis starting on March 4, 2025 [1]. - The stockholders approved the reverse stock split at a special meeting on February 14, 2025, with a ratio range from 1-for-5 to 1-for-16 [2]. Stock Adjustments - Every 11 shares of common stock will be reclassified into one new share, with adjustments made to the exercise price and number of shares for outstanding warrants and convertible securities [3]. - The reverse stock split will not affect the number of authorized shares or the par value of the common stock [4]. Fractional Shares - No fractional shares will be issued; stockholders entitled to fractional shares will receive an additional fraction to round up to the next whole share [5]. Exchange Agent - Computershare Inc. has been appointed as the exchange agent for the reverse stock split, and stockholders will not need to take further action for their positions to be adjusted [6]. Company Overview - Venus Concept is a global leader in medical aesthetic technology, offering a broad product portfolio in over 60 countries, including minimally invasive and non-invasive technologies [10].
Venus Concept Announces 1-for-11 Reverse Stock Split