Venus Concept secures liquidity waivers through May 31; PIK interest payment allowed; bridge loan extended

Venus Concept Inc.

Madryn Lenders waive minimum liquidity requirements under MSLP Loan through May 31, 2025.
May 8, 2025 cash interest payment on MSLP Notes converted to PIK (added to principal).
Bridge loan maturity extended from April 30 to May 31, 2025 (14th amendment).
Minimum liquidity covenants under 2025 secured subordinated convertible notes also waived through May 31.
Certificate of Amendment clarifies Senior Preferred Stock voting rights after 11:1 reverse split.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Venus Concept Inc.: Amended Senior Preferred Stock Certificate of Designations to clarify voting rights adjustment following the 11-for-1 reverse stock split effective March 3, 2025 (effective 2025-04-30).

Change: charter amendment
Effective: 2025-04-30

Exact text from the filing

On April 30, 2025 , the Company filed a Certificate of Amendment with the Secretary of State of the State of Delaware (the “ Certificate of Amendment ”), thereby amending the Certificate of Designations with respect to the Company’s Senior Convertible Preferred Stock (“ Senior Preferred Stock ”), as filed with the Secretary of State of the State of Delaware on May 15, 2023 and as amended by that certain Certificate of Amendment filed with the Secretary of State of the State of Delaware on June 22, 2023 (the “ Certificate of Designations ”).

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Source: SEC EDGAR

accession 0001140361-25-017125

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