Venus Concept Inc. announced on July 1, 2025, that it completed an additional debt-to-equity exchange transaction on June 30, 2025. The company exchanged $6.5 million of its subordinated convertible notes held by affiliates of Madryn Asset Management, LP for 325,651 shares of its Series Y preferred stock.
Following this transaction, Venus Concept's total debt obligations were reduced to approximately $34.3 million. This represents a 14% reduction compared to the $39.7 million outstanding as of December 31, 2024.
CEO Rajiv De Silva stated that this exchange continues the company's efforts to optimize its capital structure and provides financial flexibility. This flexibility is crucial as the company works towards closing the previously announced divestiture of the Venus Hair business and pursues sustained long-term growth and profitability.
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