Venus Concept Inc. announced on February 27, 2025, that it will effect a 1-for-11 reverse stock split of its issued and outstanding common stock. The reverse stock split became effective at 5:00 p.m. Eastern Standard Time on March 3, 2025.
The company's common stock is expected to begin trading on The Nasdaq Capital Market on a split-adjusted basis at the open of trading on March 4, 2025. Stockholders previously approved the reverse stock split at a special meeting held on February 14, 2025.
The principal purpose of the reverse stock split is to increase the bid price of the company’s common stock to regain compliance with the continued listing requirements of the Nasdaq Capital Market. This action will not modify any rights or preferences of the shares of common stock.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.