{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-021708","form_type":"8-K","ticker":null,"cik":"0001409269","company_name":"Venus Concept Inc.","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.291235+00:00","generated_at":"2026-06-03T09:28:48.671187+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Venus Concept enters $5M bridge loan at 12% with Madryn, matures May 26, 2024","bullets":["Initial term loan of $2,237,906.85 funded April 23; delayed draw up to $2,762,093.15 available.","Bridge Financing matures on May 26, 2024; 12% interest rate, 15% default rate on events of default.","Loan secured by all real and personal property of Venus Concept USA, Venus Concept Inc., Venus Canada, and Venus Israel.","Obligations are guaranteed jointly and severally by all loan parties; customary covenants and events of default apply."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-021708","json":"https://secwatch.observer/filing/0001140361-24-021708.json","markdown":"https://secwatch.observer/filing/0001140361-24-021708.md","text":"https://secwatch.observer/filing/0001140361-24-021708.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1409269/000114036124021708/0001140361-24-021708-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1409269/000114036124021708/ef20027539_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T09:28:48.671187+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":"0abd77896bf6cbe94118c20ceae954e9a791b2b7","claim":"Venus Concept Inc. incurred term loan of $2,237,906.85 with Madryn Health Partners, LP at 12% maturing May 26, 2024.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409269/000114036124021708/0001140361-24-021708-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$2,237,906.85"},{"label":"Counterparty","value":"Madryn Health Partners, LP"},{"label":"Rate","value":"12%"},{"label":"Maturity","value":"May 26, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1d8bf23294f2a0cf741c84625ae1c4d1c068b939","claim":"Venus Concept Inc. entered into Loan and Security Agreement with Madryn Health Partners, LP valued at $2,237,906.85 (effective 2024-04-23).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409269/000114036124021708/0001140361-24-021708-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Madryn Health Partners, LP"},{"label":"Value","value":"$2,237,906.85"},{"label":"Effective","value":"2024-04-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}