{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-047079","form_type":"8-K","ticker":null,"cik":"0001409269","company_name":"Venus Concept Inc.","filed_at":"2023-10-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.944018+00:00","generated_at":"2026-06-10T03:51:51.007277+00:00","sec_items":["1.01","5.03","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"medium","headline":"Venus Concept exchanges $26.7M notes, issues Series X preferred, modifies MSLP loan","bullets":["Exchanged $26.7M Existing Notes for $22.8M New Notes (SOFR+8.5%, PIK) and 248,755 Series X Preferred shares at $20.10/share.","Series X Preferred carries 12.5% annual dividend, convertible 1:10, voting limited per Nasdaq rules.","MSLP Loan Modification defers principal payments, resets interest to SOFR+3.25%, requires $12M sales contract assignment and $3M deposit balance.","Key person event of default: voluntary termination of CEO, CFO, or COO without acceptable replacement within 90 days.","Company issued press release with preliminary Q3 revenue and FY guidance (figures not in 8-K filing body)."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-047079","json":"https://secwatch.observer/filing/0001140361-23-047079.json","markdown":"https://secwatch.observer/filing/0001140361-23-047079.md","text":"https://secwatch.observer/filing/0001140361-23-047079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1409269/000114036123047079/0001140361-23-047079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1409269/000114036123047079/ef20011960_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T03:51:51.007277+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ac0e02edcb9cefb9737694c42f835b987e22942b","claim":"Venus Concept Inc.: Filed Certificate of Designations creating Series X Preferred Stock (effective 2023-10-04).","evidence_excerpt":"On October 4, 2023, the Company filed a Certificate of Designations with respect to the Series X Preferred Stock (the “ Certificate of Designations ”) with the Secretary of State of the State of Delaware, thereby creating the Series X Preferred Stock.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409269/000114036123047079/0001140361-23-047079-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-10-04"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}