---
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"
generated_at: "2026-06-10T03:51:51.007277+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# Venus Concept exchanges $26.7M notes, issues Series X preferred, modifies MSLP loan

## Summary
- 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).

## SEC filing metadata
- accession: 0001140361-23-047079
- form_type: 8-K
- cik: 0001409269
- company_name: Venus Concept Inc.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 1.01, 5.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-047079
- JSON: https://secwatch.observer/filing/0001140361-23-047079.json
- Plain text: https://secwatch.observer/filing/0001140361-23-047079.txt

## Key facts
- Governance Changes
  Venus Concept Inc.: Filed Certificate of Designations creating Series X Preferred Stock (effective 2023-10-04).
  - Change: charter amendment
  - Effective: 2023-10-04
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409269/000114036123047079/0001140361-23-047079-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.