---
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"
generated_at: "2026-06-03T09:28:48.671187+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Venus Concept enters $5M bridge loan at 12% with Madryn, matures May 26, 2024

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-021708
- form_type: 8-K
- cik: 0001409269
- company_name: Venus Concept Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-021708
- JSON: https://secwatch.observer/filing/0001140361-24-021708.json
- Plain text: https://secwatch.observer/filing/0001140361-24-021708.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409269/000114036124021708/0001140361-24-021708-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409269/000114036124021708/0001140361-24-021708-index.htm

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