Venus Concept (VERO) Announces $6.5 Million Debt-to-Equity Exchange Transaction
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Venus Concept Announces $6.5 Million Debt-to-Equity Exchange Transaction
July 1, 2025 4:05 PM EDTFurther reduction of outstanding debt by Madryn Asset Management improves the Companys balance sheet position
TORONTO, July 01, 2025 (GLOBE NEWSWIRE) -- Venus Concept Inc. (Venus Concept or the Company) (NASDAQ: VERO), a global medical aesthetic technology leader, announced today that, on June 30, 2025, the Company exchanged $6.5 million of its subordinated convertible notes held by affiliates of Madryn Asset Management, LP (Madryn) for 325,651 shares of its Series Y preferred stock. Following the transaction, the Company had total debt obligations of approximately $34.3 million, a reduction of 14% compared to $39.7 million outstanding as of December 31, 2024.
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