Venus Concept Inc. (VERO, Financial) has announced a definitive agreement for a direct stock offering involving the purchase and sale of 386,700 common shares. Priced at $4.06 per share, this offering adheres to Nasdaq's market rules.
The transaction, expected to finalize around April 14, 2025, is contingent on meeting standard closing conditions. H.C. Wainwright & Co. is serving as the exclusive placement agent for this deal.
Through this offering, Venus Concept anticipates generating gross proceeds of approximately $1.5 million. The company plans to utilize the net funds raised for general corporate purposes, once placement agent fees and related expenses are deducted.
