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Venus Concept Inc Announces Debt Restructuring, Preliminary Third Quarter 2023 Revenue Results and Updates Fiscal Year 2023 Revenue Guidance

Provides significant financial flexibility and support for the Company’s path to cash flow breakeven by reducing total debt, deferring principal and interest payments, and lowering near-term cash needsTORONTO, Oct. 05, 2023 (GLOBE NEWSWIRE) Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, today announced that it has finalized an agreement with its lenders, City National Bank of Florida (“CNB”) and Madryn Asset Management, LP a

United statesCanaccord genuityVenus concept incLending programSecurities exchangeCity national bankCompany secured subordinated convertibleMadryn asset managementMain street priority loan facilitySecured subordinated convertible notesSeriesx senior convertible preferred stockRajiv de silvaChief executive officerVenus conceptMain street lending programDomenic della penna

Venus Concept (VERO) Announces Debt Restructuring, Reports Prelim Q3, Updates FY Revenue Guidance

Venus Concept (VERO) Announces Debt Restructuring, Reports Prelim Q3, Updates FY Revenue Guidance
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United statesCanaccord genuityVenus epileveVenus vivaVenus fioreVenus blissCompany secured subordinated convertibleCity national bankSecurities exchangeLending programVenus concept incVenus conceptMadryn asset managementMain street priority loan facilitySecured subordinated convertible notesSeriesx senior convertible preferred stock