Venus Concept Exchanged The Full $11.48M Balance Of Its Subordinated Convertible Notes Held By Affiliates Of Madryn Asset Management For 545,335 Shares Of Its Series Y Preferred Stock; Co Had Total Debt Obligations Of ~$30.1M, A Reduction Of 24% Compared To $39.7M Outstanding As Of December 31, 2024

Author: Benzinga Newsdesk | October 02, 2025 03:09pm

Venus Concept Inc. ("Venus Concept" or the "Company") (NASDAQ:VERO), a global medical aesthetic technology leader, announced today that, on September 30, 2025, the Company exchanged the full $11.48 million balance of its subordinated convertible notes held by affiliates of Madryn Asset Management, LP ("Madryn") for 545,335 shares of its Series Y preferred stock. Following the transaction, the Company had total debt obligations of approximately $30.1 million, a reduction of 24% compared to $39.7 million outstanding as of December 31, 2024.

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