{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-011679","form_type":"8-K","ticker":null,"cik":"0001409269","company_name":"Venus Concept Inc.","filed_at":"2025-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.194266+00:00","generated_at":"2026-05-23T23:22:54.401686+00:00","sec_items":["1.01","3.02","5.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Venus Concept exchanges $11M debt for preferred stock, total debt falls to $35.5M","bullets":["Exchanged $11.0M of subordinated convertible notes for 379,311 Series Y preferred shares at $29.00 per share (9.0909 conversion ratio).","Total debt reduced to ~$35.5M, down 54% from $76.7M a year ago and 11% from $39.7M at December 31, 2024.","Holder Madryn supported transaction; new notes add minimum $3M daily deposit liquidity covenant.","Company must hold special shareholder meeting by June 30, 2025 to lift Nasdaq conversion limits.","Increased authorized Series Y preferred from 900K to 1.2M; reduced Junior Preferred from 4.1M to 2.1M shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-011679","json":"https://secwatch.observer/filing/0001140361-25-011679.json","markdown":"https://secwatch.observer/filing/0001140361-25-011679.md","text":"https://secwatch.observer/filing/0001140361-25-011679.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1409269/000114036125011679/0001140361-25-011679-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1409269/000114036125011679/ef20046756_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T23:22:54.401686+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":"20cbac0fe82d9265d0508ecb0a472a79a31f8a06","claim":"Venus Concept Inc.: Certificate of Amendment to Series Y Preferred Stock Certificate of Designations increasing authorized shares from 900,000 to 1,200,000 and clarifying conversion ratio (effective 2025-03-31).","evidence_excerpt":"to, among other things, (i) increase the authorized shares of Series Y Preferred Stock from 900,000 to 1,200,000 and (ii) clarify that the conversion ratio of Series Y Preferred Stock-to-Common Stock is 1-for-9.0909 (instead of 1-for-100) following the 1-for-11 reverse split of the Common Stock, which occurred on March 3, 2025.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409269/000114036125011679/0001140361-25-011679-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-03-31"}],"fact_type":"governance_change"},{"claim_id":"910c72786b218345cfdc2942b5b6ade1e6e50dba","claim":"Venus Concept Inc.: Certificate of Amendment to Junior Preferred Stock Certificate of Designations decreasing authorized shares from 4,100,000 to 2,100,000 (effective 2025-03-31).","evidence_excerpt":"The Junior Preferred Amendment amended the Junior Preferred COD to decrease the authorized shares of Junior Preferred Stock from 4,100,000 to 2,100,000.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409269/000114036125011679/0001140361-25-011679-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-03-31"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}