secwatch.observer — SEC 8-K summary
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Issuer:     Venus Concept Inc. (—)
CIK:        0001409269
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001140361-23-024709
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Venus Concept enters $9M multi-tranche senior convertible preferred stock agreement with EW Healthcare Partners
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- Up to $9M in senior convertible preferred stock; initial tranche of $2M at $7.12 per share closed May 15, 2023.
- Preferred stock convertible into common at 1:2.6667; purchase price floats at 2x lower of closing or 5-day VWAP.
- Proceeds for working capital; Canaccord Genuity acted as exclusive placement agent for the offering.
- Company filed Certificate of Designations for Senior Preferred Stock and eliminated nonvoting preferred stock from charter.
- Investors holding 59.2% of voting power agreed to vote for removal of Nasdaq conversion limits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409269/000114036123024709/0001140361-23-024709-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409269/000114036123024709/brhc20052946_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-024709

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