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Venus Concept Announces $11 million Debt-to-Equity Exchange Transaction with Madryn Asset Management, LP

Apr 01, 2025•about 1 year ago

Contract Type

partnership

TorontoConsumer GoodsHealth Care

Description

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

Location

Toronto, Ontario, Canada

About

Venus: A Global Leader In The Medical Aesthetics Industry. We use cutting-edge technology to develop safe, non-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 treatments performed worldwide annually.

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