Venus Concept exchanges $6.5M of subordinated notes for Series Y preferred shares; total debt falls to $34.3M

Venus Concept Inc.

Exchanged $6.5M of subordinated convertible notes held by Madryn for 325,651 Series Y preferred shares.
Total debt reduced to $34.3M, down 14% from $39.7M at December 31, 2024.
Bridge loan maturity extended from June 30 to July 31, 2025; liquidity covenants waived through July 31.
Series Y preferred authorized shares increased from 1,200,000 to 1,500,000 via Certificate of Amendment.
Company reaffirms focus on completing previously announced Venus Hair divestiture.

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