Venus Concept announces $11M debt-to-equity exchange transaction

Venus Concept (VERO) announced that, on March 31, the company exchanged $11M of its subordinated convertible notes held by affiliates of Madryn Asset Management for 379,311 shares of its Series Y preferred stock. Following the transaction, the company had total debt obligations of approximately $35.5M, down 54% from $76.7M outstanding as of March 31, 2024, and down 11% from $39.7M outstanding as of December 31, 2024.