Venus Concept Announces Completion of $6.72 Million Private Placement Financing

November 18, 2022

https://www.globenewswire.com/news-release/2022/11/18/2559119/0/en/Venus-Concept-Announces-Completion-of-6-72-Million-Private-Placement-Financing.html

TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) — Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ:VERO), a global medical aesthetic technology leader, today announced that it has completed a non-brokered private placement (the “Private Placement”) of convertible preferred stock (the “Preferred Shares”) and common stock (the “Common Shares”) of the Company. Pursuant to the Private Placement, an aggregate of 3,185,000 Preferred Shares and 1,750,000 Common Shares were issued, resulting in aggregate gross proceeds to the Company of $6.72 million before offering expenses, which will be used for working capital and general corporate purposes.

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