Venus Concept Inc. announced on April 14, 2025, the closing of its previously announced registered direct offering, which, combined with another offering that closed on April 10, 2025, raised approximately $2.7 million in total gross proceeds.
The latest offering involved the purchase and sale of 386,700 shares of common stock at a price of $4.06 per share, generating approximately $1.57 million in gross proceeds. The earlier offering on April 10, 2025, generated approximately $1.1 million in gross proceeds from the sale of 328,573 shares at $3.50 per share.
The company intends to use the net proceeds from these offerings for general corporate purposes. These capital raises provide additional liquidity for Venus Concept as it navigates its strategic transformation and aims for long-term profitability.
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