Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Venus Concept Inc. incurred term loan of $2,237,906.85 with Madryn Health Partners, LP at 12% maturing May 26, 2024.
- Instrument
- term loan
- Principal
- $2,237,906.85
- Counterparty
- Madryn Health Partners, LP
- Rate
- 12%
- Maturity
- May 26, 2024
- Event
- incurrence
Exact text from the filing
the Lenders have agreed to provide the Borrower with bridge financing (the “Bridge Financing”) in the form of a term loan in the original principal amount of $2,237,906.85
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Venus Concept Inc. entered into Loan and Security Agreement with Madryn Health Partners, LP valued at $2,237,906.85 (effective 2024-04-23).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Madryn Health Partners, LP
- Value
- $2,237,906.85
- Effective
- 2024-04-23
Exact text from the filing
On April 23, 2024, Venus Concept Inc. (the “Company”) entered into a Loan and Security Agreement (the “Loan and Security Agreement”), by and among Venus Concept USA Inc. (the “Borrower”), Venus Concept Canada Corp. (“Venus Canada”), Venus Concept Ltd. (“Venus Israel”, and together with the Company and Venus Canada, the “Guarantors,” and together with the Borrower, the “Loan Parties”), each lender party thereto (collectively, the “Lenders”) and Madryn Health Partners, LP, as administrative agent (“Madryn”).
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