Venus Concept draws $2M from Madryn; awards CEO/CFO transaction bonuses tied to change of control

Venus Concept Inc.

Twelfth delayed drawdown of $2M on Sept 19, 2025, under 12% bridge loan facility with Madryn Health Partners.
Proceeds will be used for general working capital.
CEO Rajiv De Silva eligible for bonus of $715k to $2.12M upon change-of-control transaction.
CFO Domenic Della Penna eligible for bonus of $338k to $1M upon same event.
Bonuses contingent on a Strategic Transaction (e.g., sale or merger) completed by Dec 31, 2026.

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