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Venus Concept Announces $6.5 Million Debt-to-Equity Exchange Transaction

TORONTO, July 01, 2025 (GLOBE NEWSWIRE) -- Venus Concept Inc. ("Venus Concept" or the "Company") (NASDAQ:VERO), a global medical aesthetic technology leader, announced today that, on June 30, 2025, the Company exchanged $6.5 million of its subordinated convertible notes held by affiliates of Madryn Asset Management, LP ("Madryn") for 325,651 shares of its Series Y preferred stock. Following the transaction, the Company had total debt obligations of approximately $34.3 million, a reduction of 14% compared to $39.7 million outstanding as of December 31, 2024.

"We continue to optimize our capital structure with the completion of an additional debt exchange that reduces our overall debt balance," said Rajiv De Silva, Chief Executive Officer of Venus Concept. "Madryn's invaluable partnership has enabled us to have the financial flexibility to work on closing our previously announced divestiture of the Venus Hair business and continue our journey towards sustained long-term growth and profitability."

"Today's debt-to-equity exchange builds on our relationship with Venus and enables the Company to continue through its transformation plan," said Avinash Amin, MD, Managing Partner at Madryn Asset Management, LP. "We support the efforts by the Management team and look forward to the Company's return to growth."