Venus Concept Inc. announced a debt-to-equity exchange transaction with affiliates of Madryn Asset Management, LP, involving the exchange of $11.0 million of subordinated convertible notes for shares of its Series Y preferred stock. The transaction resulted in a significant reduction in the Company's debt balance, providing additional flexibility in the balance sheet for sustained, long-term growth and profitability.
Company Information
Company
Venus Concept Inc.
Location
235 YORKLAND BLVD., SUITE 900
Toronto, Ontario, Canada
About
Venus Concept, A Global Leader In The Medical Aesthetics Industry
We use cutting-edge technology to develop safe, non-invasive & minimally invasive devices that address today's most in-demand aesthetic needs. As a leading medical aesthetic device company, we are currently present in over 60 countries and 29 direct markets with more than 10 million Venus Concept treatments performed worldwide annually.
Our latest innovations like Venus Bliss MAX™ the 3-in1-body shaping solution, ARTAS iXi® the A.I. hair restoration robot, NeoGraft®, Venus Legacy,™ Venus Velocity,™ Venus Viva™ MD—are setting higher industry standards and improving the quality of life for hundreds of thousands of patients worldwide.
Looking to try a treatment? Find a certified provider near you: http://www.venustreatments.com
Are you a physician? Find out more: http://www.venusconcept.com
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