debt
confidence high
sentiment neutral
materiality 0.50
Venus Concept draws additional $2M under existing Madryn facility (11th delayed drawdown)
Venus Concept Inc.
- Eleventh delayed drawdown of $2M funded on August 21, 2025 under Loan and Security Agreement with Madryn.
- Loan bears interest at 12% per annum, secured by all assets of the loan parties.
- Proceeds to be used for general working capital purposes after transaction expenses.
- Aggregate borrowings under the facility have now reached approximately $19.2M.
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