Venus Concept President & COO resigns; company draws $2.3M bridge loan

Venus Concept Inc.

President & COO Hemanth Varghese resigns effective March 28, 2025, for personal reasons, no disagreement.
Company receives $2.3M seventh delayed drawdown under existing Madryn bridge facility (12% interest), partially funded $2M on Feb 21.
Proceeds to be used for general working capital; remainder to be funded on future date as agreed.

item 1.01 item 5.02 item 9.01

Executive movements

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Departed

Hemanth Varghese

President and Chief Operating Officer

Venus Concept Inc.

Effective: 2025-03-28
Filed: February 25, 2025, 6:59 PM ET

On February 21, 2025, Hemanth Varghese, the Company’s President and Chief Operating Officer, advised the Company of his intention to resign from the Company, effective as of March 28, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Hemanth Varghese resigned as President and Chief Operating Officer at Venus Concept Inc..

Action: resigned
Role: President and Chief Operating Officer

Exact text from the filing

On February 21, 2025, Hemanth Varghese, the Company’s President and Chief Operating Officer, advised the Company of his intention to resign from the Company, effective as of March 28, 2025.

View on SEC.gov

Source: SEC EDGAR

accession 0001140361-25-005768

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