Venus Concept Announces Loan Purchase and Completion of First Phase of Refinancing [Yahoo! Finance]
Venus Concept Inc. (VERO)
Last venus concept inc. earnings: 3/30 04:05 pm
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Source: Yahoo! Finance
TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, today announced that on April 23, 2024, its existing Main Street Lending Program Loan (“MSLP Loan”) was purchased by affiliates of Madryn Asset Management, LP (“Madryn”) for an undisclosed amount from the City National Bank of Florida (“CNB”) with the consent of the Company (the “MSLP Loan Purchase”). Following close of the MSLP Loan Purchase, Venus Concept and Madryn entered into a Loan and Security Agreement (“Madryn Loan Agreement”), dated April 23, 2024, pursuant to which Madryn provides an aggregate principal amount of up to $5.0 million in debt financing to the Company to support near-term liquidity requirements. A principal amount of $2.0 million net of transaction fees was drawn by the Company at the close of the transaction. On December 8, 2020, Venus entered into a loan in the aggregate amount of $50.0 million for
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News
- Venus Concept Announces Loan Purchase and Completion of First Phase of RefinancingGlobeNewswire
- Venus Concept to Release First Quarter of Fiscal Year 2024 Financial Results on May 15, 2024 [Yahoo! Finance]Yahoo! Finance
- Venus Concept to Release First Quarter of Fiscal Year 2024 Financial Results on May 15, 2024GlobeNewswire
- Venus Concept Announces Israeli Regulatory Approval for Venus Bliss MAX [Yahoo! Finance]Yahoo! Finance
- Venus Concept Announces Israeli Regulatory Approval for Venus Bliss MAXGlobeNewswire
VERO
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEF
- 4/26/24 - Form EFFECT
- VERO's page on the SEC website