Thomas McGovern

Jeremy Pearlman

Sam Eiber

Marie Thibault

- Venus Concept Inc. completed an **$11.48 million debt-to-equity exchange transaction** on September 30, 2025.  **[1409269_0001140361-25-037107_ef20056518_ex99-1.htm:0]** 
- In this transaction, the company exchanged subordinated convertible notes held by Madryn Asset Management, LP for **545,335 shares of its Series Y preferred stock**.  **[1409269_0001140361-25-037107_ef20056518_ex99-1.htm:0]** **[1409269_0001140361-25-037107_ef20056518_ex10-1.htm:0]** 
- This exchange reduced Venus Concept's total debt obligations to approximately **$30.1 million**, representing a **24% reduction** from **$39.7 million** outstanding as of December 31, 2024.  **[1409269_0001140361-25-037107_ef20056518_ex99-1.htm:0]** 
- The Series Y Preferred Shares issued in the exchange were priced at **$21.05 per share**.  **[1409269_0001140361-25-037107_ef20056518_8k.htm:2]**

Venus Concept announces debt-to-equity exchange transaction

- On **September 30, 2025**, Venus Concept Inc. exchanged the full **$11.48 million** balance of its subordinated convertible notes held by affiliates of Madryn Asset Management, LP for **545,335 shares of its Series Y preferred stock**.  **[1409269_9cfb3c72537847b081fc78c2db042393_0]** 
- Following this transaction, the company's total debt obligations were approximately **$30.1 million**.  **[1409269_9cfb3c72537847b081fc78c2db042393_0]** 
- This represents a **24% reduction** in total debt compared to the **$39.7 million** outstanding as of **December 31, 2024**.  **[1409269_9cfb3c72537847b081fc78c2db042393_0]** 
- The company's CEO, Rajiv De Silva, stated that this debt exchange reduces the overall debt balance and optimizes the capital structure.  **[1409269_9cfb3c72537847b081fc78c2db042393_0]**

Venus Concept Completes Debt-to-Equity Exchange

- Venus Concept Inc. (VERO) entered into a **Nineteenth Bridge Loan Amendment** on **August 31, 2025**, with Madryn Health Partners, LP and Madryn Health Partners (Cayman Master), LP, extending the maturity date of its Bridge Loan from **August 31, 2025**, to **September 30, 2025**.  **[1409269_0001140361-25-033813_ef20054923_ex10-2.htm:0]** **[1409269_0001140361-25-033813_ef20054923_8k.htm:1]** 
- The company also entered into a **Consent Agreement** for its Main Street Priority Loan on **August 31, 2025**, which waives **certain minimum liquidity requirements** under the MSLP Loan Agreement through **September 30, 2025**.  **[1409269_0001140361-25-033813_ef20054923_8k.htm:1]** **[1409269_0001140361-25-033813_ef20054923_ex10-1.htm:4]**  This agreement also consents to the **September 2025 interest payment being added to the outstanding principal amount** of the loan (PIK).  **[1409269_0001140361-25-033813_ef20054923_ex10-1.htm:2]** **[1409269_0001140361-25-033813_ef20054923_ex10-1.htm:4]** 
- A separate **Notes Consent Agreement** was executed on **August 31, 2025**, waiving **certain minimum liquidity requirements** under the 2025 Notes through **September 30, 2025**.  **[1409269_0001140361-25-033813_ef20054923_8k.htm:1]** **[1409269_0001140361-25-033813_ef20054923_ex10-3.htm:2]**

Venus Concept (VERO)