Venus concept inc. announces pricing of $22.5 million public offering

Toronto, dec. 22, 2020 (globe newswire) -- venus concept inc. (“venus concept” or the “company”) (nasdaq: vero), a global medical aesthetic technology leader, today announced the pricing of its public offering of 11,250,000 shares of its common stock and warrants to purchase 5,625,000 shares of common stock at a combined offering price to the public of $2.00 per share and accompanying warrant. the warrants have an exercise price of $2.50 per share of common stock, are exercisable immediately, and expire five years from the date of issuance. venus concept intends to use the gross proceeds of approximately $22.5 million, before deducting underwriting discounts and commissions and estimated offering expenses, from the offering for general corporate purposes, including the funding of research and development activities.
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