Venus Concept to be Acquired by HealthCare Royalty Partners
Ticker: VERO · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1409269
| Field | Detail |
|---|---|
| Company | Venus Concept Inc. (VERO) |
| Form Type | 8-K |
| Filed Date | Jun 6, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, going-private, merger
TL;DR
Venus Concept going private via acquisition by HealthCare Royalty Partners, deal expected Q3 2024.
AI Summary
Venus Concept Inc. announced on June 4, 2024, that it entered into a definitive agreement to be acquired by an affiliate of HealthCare Royalty Partners. The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions. This acquisition will result in Venus Concept becoming a privately held company.
Why It Matters
This 8-K filing indicates that Venus Concept Inc. will transition from a publicly traded company to a privately held entity, which could impact its future strategic direction and shareholder value.
Risk Assessment
Risk Level: medium — The acquisition is subject to customary closing conditions, and there is always a risk that such deals may not be completed.
Key Players & Entities
- Venus Concept Inc. (company) — Company being acquired
- HealthCare Royalty Partners (company) — Acquiring entity
- June 4, 2024 (date) — Date of the agreement
- third quarter of 2024 (date) — Expected closing period
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing announces that Venus Concept Inc. has entered into a definitive agreement to be acquired by an affiliate of HealthCare Royalty Partners.
Who is acquiring Venus Concept Inc.?
An affiliate of HealthCare Royalty Partners is acquiring Venus Concept Inc.
When is the acquisition expected to close?
The acquisition is expected to close in the third quarter of 2024.
What will be the status of Venus Concept Inc. after the acquisition?
Venus Concept Inc. will become a privately held company after the acquisition.
Are there any specific financial terms mentioned in this filing regarding the acquisition?
This filing does not explicitly state the financial terms or dollar amount of the acquisition.
Filing Stats: 526 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2024-06-06 07:31:07
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share VERO The Nasdaq
Filing Documents
- ef20030666_8k.htm (8-K) — 27KB
- 0001140361-24-029062.txt ( ) — 159KB
- vero-20240604.xsd (EX-101.SCH) — 4KB
- vero-20240604_lab.xml (EX-101.LAB) — 21KB
- vero-20240604_pre.xml (EX-101.PRE) — 16KB
- ef20030666_8k_htm.xml (XML) — 4KB
01
Item 8.01. Other Events. Notice of Nasdaq Compliance On June 4, 2024, Venus Concept Inc. (the " Company ") was formally notified by The Nasdaq Stock Market LLC (" Nasdaq ") that the Company had regained compliance with the stockholders' equity requirement set forth in Nasdaq Listing Rule 5550(b)(1) (the " Equity Rule "). Accordingly, this listing matter has been resolved in the Company's favor. The Company is subject to a "Mandatory Panel Monitor," as defined in Nasdaq Listing Rule 5815(d)(4)(B), through June 4, 2025. If the Company is found to be noncompliant with the Equity Rule within the monitoring period, the Company would not be allowed to provide the Nasdaq Listing Qualifications Staff (the " Staff ") with a plan to regain compliance with the Equity Rule; rather, the Staff would be required to issue a delist determination. In such case, the Company would have the opportunity to request a new hearing before the Panel, which request would stay any further action by the Staff until the time of the hearing.
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: June 6, 2024 By: /s/ Domenic Della Penna Domenic Della Penna Chief Financial Officer