Venus Concept raises $1.2M via direct offering; Nasdaq delisting hearing pushed to March 5

Venus Concept Inc.

Sold 817,748 shares at $1.465 plus warrants for 817,748 shares at $1.34, expires in 5 years.
Gross proceeds ~$1.2M; net proceeds for working capital and general corporate purposes.
Nasdaq delisting hearing for minimum bid price non-compliance rescheduled to March 5, 2024.
Hearing request stays delisting; Panel may grant extension up to May 28, 2024.
H.C. Wainwright placement agent; cash fee 7% of gross proceeds plus placement agent warrants.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Venus Concept Inc. entered into SPA with certain institutional investors valued at approximately $1.2 million (effective 2024-02-22).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: approximately $1.2 million
Effective: 2024-02-22

Exact text from the filing

On February 22, 2024, Venus Concept Inc., a Delaware corporation (the “ Company ”), entered into a securities purchase agreement (the “ SPA ”) with certain institutional investors (each, an “ Investor ”), pursuant to which the Company agreed to issue and sell to the Investors (i) in a registered direct offering, an aggregate of 817,748 shares

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Source: SEC EDGAR

accession 0001140361-24-009816

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