Madryn Asset Management Takes Venus Concept Private in Short-Form Merger, Cashing Out Shareholders at $0.04/Share

summarizeSummary

Madryn Asset Management has completed a short-form merger to take Venus Concept Inc. private, converting all outstanding common stock not owned by Madryn into a right to receive $0.04 per share.

check_boxKey Events

• Short-Form Merger Consummated

  Madryn Asset Management completed a short-form merger on March 30, 2026, taking Venus Concept Inc. private.

• Shareholder Cash-Out at Deep Discount

  Public shareholders were cashed out at $0.04 per share, a substantial discount to the current market price of $0.3074.

• 100% Ownership Achieved

  Madryn Asset Management now beneficially owns 100% of Venus Concept's common and preferred stock.

• Board Resignation and Reverse Stock Split

  The company's existing board of directors resigned and was replaced by the board of Merger Holdings. A 1000-to-1 reverse stock split was also effected.

auto_awesomeAnalysis

Madryn Asset Management has completed a short-form merger, effectively taking Venus Concept Inc. private. This action converts all outstanding common stock not owned by Madryn into a right to receive $0.04 per share in cash. This cash-out price represents a significant discount to the current market price of $0.3074, which is highly negative for existing public shareholders. The consummation of this merger means Venus Concept Inc. will no longer be publicly traded, and Madryn Asset Management now holds 100% of the company's common and preferred stock. This follows a series of transactions where Madryn acquired additional shares and convertible debt from the company and other major investors, consolidating its control.