Venus Concept announces $15M debt-to-equity exchange transaction

seekingalpha09-27

Venus Concept (NASDAQ:VERO) has announced that, on Sept. 26, 2024, the Co. exchanged $15M of its senior debt held by affiliates of Madryn Asset Management, for 203,583 shares of its Series Y preferred...

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Following this transaction, the Co. had total debt obligations of ~$34.6M, down 25% from $46M outstanding as of June 30, 2024, and down 54% from $74.9M outstanding as of Dec. 31, 2023.  \"This transaction further strengthens the financial health of the Company and advances our plan towards achieving sustained, long-term profitability.\" said Rajiv De Silva, CEO.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4082":"医疗保健设备","VERO":"Venus Concept Inc."},"translate_title":"Venus Concept宣布1500万美元债转股交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VERO":0.9},"content_text":"Venus Concept (NASDAQ:VERO) has announced that, on Sept. 26, 2024, the Co. exchanged $15M of its senior debt held by affiliates of Madryn Asset Management, for 203,583 shares of its Series Y preferred stock. 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