Venus concept inc. announces multi-tranche private placement of senior convertible preferred stock for up to $9 million with ew healthcare partners

Toronto, may 15, 2023 (globe newswire) -- venus concept inc. (“venus concept” or the “company”) (nasdaq: vero), a global medical aesthetic technology leader, today announced that it has entered into a stock purchase agreement (the “stock purchase agreement”) with funds affiliated with ew healthcare partners (the “investors”). pursuant to the stock purchase agreement, the company may issue and sell to the investors up to $9,000,000, before offering expenses, in shares of senior convertible preferred stock (the “senior preferred stock”), in multiple tranches from time to time until december 31, 2025. offering proceeds will be used for working capital and general corporate purposes.
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