---
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"
generated_at: "2026-05-23T23:22:54.401686+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Venus Concept exchanges $11M debt for preferred stock, total debt falls to $35.5M

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-011679
- form_type: 8-K
- cik: 0001409269
- company_name: Venus Concept Inc.
- filed_at: 2025-04-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-011679
- JSON: https://secwatch.observer/filing/0001140361-25-011679.json
- Plain text: https://secwatch.observer/filing/0001140361-25-011679.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2025-03-31
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409269/000114036125011679/0001140361-25-011679-index.htm
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2025-03-31
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1409269/000114036125011679/0001140361-25-011679-index.htm

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