Venus Concept Faces Delisting Concerns

TL;DR

Venus Concept's NASDAQ listing is at risk, potentially leading to delisting.

AI Summary

Venus Concept Inc. filed an 8-K on April 17, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The company's common stock was previously listed on the NASDAQ Capital Market. The filing indicates potential issues with maintaining its listing on the exchange.

Why It Matters

This filing signals potential financial distress or non-compliance with NASDAQ's requirements, which could lead to the stock being delisted and significantly impact its liquidity and investor confidence.

Risk Assessment

Risk Level: high — The company is facing a notice of delisting or failure to meet continued listing standards, which is a severe risk to its stock's marketability.

Key Players & Entities

• Venus Concept Inc. (company) — Registrant
• NASDAQ Capital Market (company) — Stock Exchange
• April 11, 2024 (date) — Earliest event date
• April 17, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value per share VERO The Nasdaq
• $1.00 — maintain a minimum closing bid price of $1.00 per share ("Minimum Bid Price Requireme

Filing Documents

• ef20027055_8k.htm (8-K) — 27KB
• 0001140361-24-020345.txt ( ) — 160KB
• vero-20240411.xsd (EX-101.SCH) — 4KB
• vero-20240411_lab.xml (EX-101.LAB) — 21KB
• vero-20240411_pre.xml (EX-101.PRE) — 16KB
• ef20027055_8k_htm.xml (XML) — 4KB

01

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule of Standard; Transfer of Listing On April 11, 2024, Venus Concept Inc. (the "Company") received a notice (the "Notice") from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market ("Nasdaq") stating that for 32 consecutive business days the Company's common stock (the "Common Stock") did not maintain a minimum closing bid price of $1.00 per share ("Minimum Bid Price Requirement") as required for continued listing under Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Common Stock. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until October 8, 2024, to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of the Common Stock must be at least $1.00 per share for a minimum of ten consecutive business days before October 8, 2024, at which time the Staff will provide written notification to the Company that it complies with the Minimum Bid Requirement, unless the Staff exercises its discretion to extend this ten-day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H). If the Common Stock does not achieve compliance by October 8, 2024, the Company may be eligible for an additional 180-day period to regain compliance, provided that it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards of the Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and provides written notice to Nasdaq of its intention to cure the deficiency during the second compliance period, for example, by effecting a reverse stock split, if necessary. The Company intends to actively monitor the closing bid price of the Common Stock and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement under the Nasdaq Listing

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VENUS CONCEPT INC. Date: April 17, 2024 By: /s/ Domenic Della Penna Domenic Della Penna Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR