Venus Concept Shares Fall 21% After Debt-to-Equity Exchange Transaction

Dow Jones

Apr 02

By Sabela Ojea

Shares of Venus Concept fell after the company announced a $11 million debt-to-equity exchange transaction with Madryn Asset Management.

The stock was down 21% to $2.08 in post-market trading. Through Tuesday's close, shares have fallen 37% year to date and 62% over the past 12 months.

The Canadian medical aesthetic technology said that its total debt obligations reduced 54% to around $35.5 million following the exchange of $11 million of its subordinated convertible notes held by affiliates of Madryn for 379,311 shares of its Series Y preferred stock.

"This creates additional flexibility in our balance sheet as we continue the journey towards sustained, long-term growth and profitability," Chief Executive Rajiv De Silva said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

April 01, 2025 18:15 ET (22:15 GMT)

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Through Tuesday's close, shares have fallen 37% year to date and 62% over the past 12 months. \n</p>\n<p>\n  The Canadian medical aesthetic technology said that its total debt obligations reduced 54% to around $35.5 million following the exchange of $11 million of its subordinated convertible notes held by affiliates of Madryn for 379,311 shares of its Series Y preferred stock. \n</p>\n<p>\n  \"This creates additional flexibility in our balance sheet as we continue the journey towards sustained, long-term growth and profitability,\" Chief Executive Rajiv De Silva said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 01, 2025 18:15 ET (22:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524127940","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524127940","pubTimestamp":1743545700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Venus Concept fell after the company announced a $11 million debt-to-equity exchange transaction with Madryn Asset Management.The stock was down 21% to $2.08 in post-market trading. 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Through Tuesday's close, shares have fallen 37% year to date and 62% over the past 12 months. \n\n\n  The Canadian medical aesthetic technology said that its total debt obligations reduced 54% to around $35.5 million following the exchange of $11 million of its subordinated convertible notes held by affiliates of Madryn for 379,311 shares of its Series Y preferred stock. \n\n\n  \"This creates additional flexibility in our balance sheet as we continue the journey towards sustained, long-term growth and profitability,\" Chief Executive Rajiv De Silva said. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n  (END) Dow Jones Newswires\n\n\n  April 01, 2025 18:15 ET (22:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}