Venus Concept (VERO) shares increased more than 2% in Friday's premarket activity after disclosing that on Thursday it exchanged $15.0 million of its debt held by affiliates of Madryn Asset Management for 203,583 shares of preferred stock.
The transaction reduced the company's debt obligations to $34.6 million, down 25% from $46.0 million outstanding as of June 30, 2024, the Canadian aesthetic surgery company said.
Price: 0.5900, Change: +0.01, Percent Change: +2.43
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