Venus Concept sells hair restoration business (ARTAS, NeoGraft) for $20M cash

Venus Concept Inc.

Venus Concept sells Venus Hair Business (ARTAS, NeoGraft) to MHG Co., Ltd. for $20M in cash, subject to working capital adjustment.
Buyer assumes San Jose manufacturing/R&D facility; seller receives perpetual royalty-free license on a subset of transferred patents.
Transaction expected to close in Q3 2025, contingent on regulatory approvals, internal reorganization, and execution of License Agreement.
Company agrees to exclusivity and non-solicitation covenants pending closing.
Meta Robotics LLC, a newly formed Venus subsidiary, contains the hair restoration assets being acquired.

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