Aug. 6 at 7:15 PM
$VERO $20 mill deal closing this Q
$2.46
https://finviz.com/news/75141/venus-concept-announces-definitive-agreement-to-sell-venus-hair-business-for-20-million
TORONTO, June 06, 2025 (GLOBE NEWSWIRE) -- Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, announced today it has entered into a definitive agreement to sell its Venus Hair business to MHG Co. Ltd (“Meta Healthcare Group”) in an all-cash transaction valued at
$20 million, subject to a customary working capital adjustment. The net proceeds from the transaction, once completed, will enhance the Company’s balance sheet and financial condition and provide valuable capital to fund strategic growth initiatives.
The transaction is expected to close in the third quarter of 2025