Venus Concept Inc. develops, commercializes, and delivers minimally invasive and non-invasive medical aesthetic technologies worldwide. It develops Venus Versa platform that provides nonsurgical body contouring applications, such as skin tightening and cooling, hair removal, fat reduction, wrinkle reduction, photo rejuvenation, skin resurfacing, cellulite improvement, temporary skin blanching for laser tattoo removal procedures, acne treatment, radio frequency microneedling treatments for collagen induction therapy, and stretch mark reduction; venus legacy platform that provides aesthetic applications to treat the face and neck areas; and venus vela platform used in dermatology practice. The company was founded in 2010 and is headquartered in Toronto, Canada.

Venus Concept

Venus Concept (VERO) Proxy Filing Summary | Quartr

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Venus Concept Inc

Revenue down 17% year-over-year, but debt reduced and margin improved amid ongoing risks.

Q2 2024

Q3 2024 revenue fell 15% year-over-year as debt was cut by 54% and losses persisted.

Q3 2024

Revenue fell 13% in Q4 and 15% for FY24; debt cut by 47% and Q1 2025 revenue to exceed $14M.

Q4 2024

Shelf registration enables up to $30.4M in securities sales for global medical technology expansion.

Registration Filing

Shareholders to vote on director elections, auditor ratification, and key share issuance proposals.

Proxy Filing

Shareholders to vote on director elections, auditor ratification, and major share issuances.

Vote sought on a reverse stock split to maintain Nasdaq listing and avoid delisting risk.

Vote sought to authorize a reverse stock split to maintain Nasdaq listing and enhance share value.

Amended registration statement for a public offering, with auditor consent and executive sign-off.

### Executive summary
- Annual and Special Meeting scheduled for June 25, 2025, with online participation available.
- Record date for voting eligibility set as April 28, 2025.
- Supplement clarifies terms and scope of Proposal No. 6 regarding convertible notes.

### Voting matters and shareholder proposals
- Proposal No. 6 seeks approval for issuing up to 64,454 shares of common stock upon conversion of Secured Subordinated Convertible Notes issued March 31, 2025.
- Proposal No. 6 is required under the Exchange Agreement and recommended unanimously by the Board.

### Board of directors and corporate governance
- Board recommended the debt exchange and restructuring initiative to strengthen the balance sheet and address Nasdaq listing requirements.

Venus Concept (VERO) Proxy Filing summary

Proxy Filing summary

Executive summary

Voting matters and shareholder proposals

Board of directors and corporate governance

Latest events from Venus Concept