Venus Concept Inc. announced on April 1, 2025, that it completed another debt-to-equity exchange transaction on March 31, 2025. The company exchanged $11.0 million of its subordinated convertible notes held by affiliates of Madryn Asset Management, LP for 379,311 shares of its Series Y preferred stock.
Following this transaction, Venus Concept's total debt obligations were reduced to approximately $35.5 million. This represents a 54% decrease from $76.7 million outstanding as of March 31, 2024, and an 11% decrease from $39.7 million outstanding at December 31, 2024.
CEO Rajiv De Silva highlighted that this transaction builds upon ongoing efforts to optimize the company's capital structure and further reduces its debt balance. This move is intended to create additional flexibility in the balance sheet as the company continues its journey towards sustained, long-term growth and profitability.
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