UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 1630, 2025

VENUS CONCEPT INC.

(Exact name of registrant as specified in its charter)

Delaware	001-38238	06-1681204
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

235 Yorkland Blvd, Suite 900

Toronto, Ontario M2J 4Y8

(Address of principal executive offices, including Zip Code)

Registrant’s telephone number, including area code: (877) 848-8430

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.0001 par value per share		VERO		The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01.

Entry into a Material Definitive Agreement.

~~Twelfth~~Exchange ~~Delayed Drawdown~~Agreement

AsOn ~~previously~~September ~~disclosed~~30, ~~on April 23~~2025, ~~2024,~~ Venus Concept Inc. (the “Company”), Venus Concept USA, Inc., a wholly-owned subsidiary of the Company (“Venus USA” or “Borrower”), Venus Concept Canada Corp., a wholly-owned Canadian subsidiary of the Company (“Venus Canada”), and Venus Concept Ltd., a wholly-owned Israeli subsidiary of the Company (“Venus Israel” and together with the Company, Venus USA and Venus Canada, the “Loan Parties”), entered into aan ~~Loan~~Exchange ~~and Security~~ Agreement (the “~~Loan~~Exchange ~~and Security~~ Agreement”), with Madryn Health Partners, LP (“Madryn”) and Madryn Health Partners (Cayman Master), LP (“Madryn Cayman,” and together with Madryn, the “~~Lenders~~Holders”) ~~and Madryn~~, aspursuant ~~administrative agent. Pursuant~~ to ~~the~~which ~~Loan and Security Agreement (as amended),~~ the ~~Lenders~~Holders agreed to ~~provide~~exchange ~~the Borrower with bridge financing~~ (the “~~Bridge Financing~~Exchange”) in the form of a term loan in one or more draws in an aggregate principal amount of up to $5,000,000 which amount was subsequently increased to $23,237,906.85. Borrowings under the Bridge Financing will bear interest at a rate per annum equal to 12%.:

On(i) ~~the~~that ~~maturity~~certain ~~date~~Secured ofSubordinated ~~the~~Convertible ~~Bridge~~Note ~~Financing,~~issued by the ~~Loan~~Company ~~Parties~~in ~~are~~favor ~~obligated~~of toMadryn, ~~make~~dated aJune ~~payment~~30, ~~equal~~2025, toin ~~all~~the ~~unpaid~~original principal ~~and~~amount ~~accrued~~of ~~interest~~$4,105,696. ~~The~~60 ~~Loan~~(the ~~and~~“Existing ~~Security~~Madryn ~~Agreement~~Note”), ~~also~~for ~~provides~~201,774 ~~that~~shares ~~all~~of ~~present~~the ~~and~~Company’s ~~future~~convertible ~~indebtedness~~preferred ~~and~~stock, ~~the~~par ~~obligations~~value of$0.0001 ~~the~~per ~~Borrower~~share, todesignated ~~Madryn~~as ~~shall~~“Series beY ~~secured~~Convertible byPreferred aStock” ~~priority~~(the ~~security~~“Series ~~interest~~Y inPreferred ~~all~~Stock”), ~~real~~to ~~and~~be ~~personal~~issued ~~property~~by ~~collateral~~the ofCompany to Madryn (the ~~Loan Parties.~~“Madryn Shares”); and

~~The~~(ii) ~~initial~~that ~~drawdown~~certain ~~under~~Secured ~~the~~Subordinated ~~Loan~~Convertible ~~and~~Note ~~Security~~issued ~~Agreement~~by ~~occurred~~the onCompany ~~April~~in 23favor of Madryn Cayman, ~~2024~~dated June 30, ~~when~~2025 (the ~~Lenders~~“Existing ~~agreed~~Madryn toCayman ~~provide~~Note,” ~~the~~and ~~Borrower~~together with ~~bridge financing in~~ the ~~form~~Existing ofMadryn aNote, ~~term~~the ~~loan~~“Existing Notes”), in the original principal amount of $26,~~237~~990,~~906~~782.8523, for 343,561 shares of Series Y Preferred Stock to be issued by the Company to Madryn Cayman (the “Madryn Cayman Shares,” and together with the Madryn Shares, the “Preferred Shares”).

The ~~second~~Exchange ~~drawdown~~closed ~~under the Loan and Security Agreement occurred~~ on ~~July~~September 2630, ~~2024, when the Lenders agreed to provide the Borrower with a subsequent drawdown under the Loan and Security Agreement in the principal amount of $1,000,000~~2025.

The ~~third~~Preferred ~~drawdown~~Shares ~~under~~were priced at $21.05 per share, being equal to the ~~Loan~~product ~~and~~of ~~Security~~(i) ~~Agreement~~the ~~occurred~~average closing price (as reflected on ~~September~~Nasdaq.com) 11of the Company’s common stock, ~~2024~~par value $0.0001 per share (“Common Stock”), ~~when~~for the ~~Lenders~~five ~~agreed~~trading todays ~~provide~~immediately preceding the ~~Borrower~~date ~~with~~of athe Exchange Agreement, multiplied ~~subsequent~~ by ~~drawdown~~(ii) ~~under~~9.0909 (being the ~~Loan~~number ~~and~~of ~~Security~~shares ~~Agreement~~of inCommon Stock into which each Preferred Share converts). At the ~~principal~~next ~~amount~~annual or special meeting of $1shareholders of the Company,~~000~~ or such later date as agreed by the parties,~~000~~ the Company is required to include in the proxy materials for such meeting a proposal for the purpose of eliminating any limitations on the convertibility of the Series Y Preferred Stock under the rules and regulations of the Nasdaq Stock Market LLC.

The ~~fourth~~Exchange ~~drawdown~~Agreement contains customary representations, warranties and agreements by the Company, indemnification obligations of the Company, including for liabilities under the ~~Loan~~Securities Act of 1933, as amended (the “Securities Act”), and ~~Security~~other ~~Agreement~~obligations ~~occurred~~of onthe ~~November~~parties. 1The representations, ~~2024~~warranties, ~~when~~and covenants contained in the ~~Lenders~~Exchange Agreement ~~agreed~~were tomade ~~provide~~only for purposes of such agreement and are made as of specific dates; are solely for the ~~Borrower~~benefit ~~with~~of athe parties (except as specifically set forth therein); may be subject to qualifications and limitations agreed upon by the ~~subsequent~~ parties ~~drawdown~~in ~~under~~connection with negotiating the ~~Loan~~terms ~~and~~of ~~Security~~the Exchange Agreement, inincluding being qualified by confidential disclosures made for the ~~principal~~purpose ~~amount~~of allocating contractual risk between the parties, instead of $1establishing matters as facts; and may be subject to standards of materiality and knowledge applicable to the contracting parties that differ from those applicable to the investors generally. Investors should not rely on the representations,~~000~~ warranties,~~000~~ and covenants or any description thereof as characterizations of the actual state of facts or condition of the Company.

The ~~fifth~~Preferred ~~drawdown~~Shares, as well as the shares of Common Stock issuable upon conversion thereof, have not been registered under the ~~Loan~~Securities Act and ~~Security~~may not ~~Agreement~~be ~~occurred~~offered onor ~~November~~sold ~~26,~~in ~~2024,~~the ~~when~~United States absent registration or an exemption therefrom. To consummate the ~~Lenders~~Exchange, ~~agreed~~the toCompany ~~provide~~relied the ~~Borrower~~registration ~~with~~exemption provided by Section 3(a)(9) of the Securities Act. To effectuate conversions of the ~~subsequent~~ shares ~~drawdown~~of ~~under~~Series Y Preferred Stock, the ~~Loan~~Company ~~and~~will ~~Security~~rely ~~Agreement~~on inthe private placement provided by Section 4(a)(2) of the ~~principal~~Securities ~~amount~~Act and by Rule 506 of $1Regulation D,~~200,000~~ promulgated by the U.S. Securities and Exchange Commission (the “SEC”).

The ~~sixth~~foregoing ~~drawdown~~description ~~under~~of the ~~Loan~~Exchange ~~and~~Agreement ~~Security~~does ~~Agreement~~not ~~occurred~~purport onto ~~December~~be 9,complete ~~2024,~~and ~~when~~is ~~the~~qualified ~~Lenders~~in ~~agreed~~its toentirety ~~provide~~by reference to the ~~Borrower~~full ~~with~~text aof ~~subsequent~~ the ~~drawdown~~Exchange ~~under~~Agreement, ~~the~~a ~~Loan~~copy ~~and~~of ~~Security~~which ~~Agreement~~is infiled ~~the~~hereto ~~principal~~as ~~amount~~Exhibit ~~of $~~10.1~~,500,000~~.

~~The~~Fourth ~~seventh~~Amended ~~drawdown under the Loan~~ and ~~Security~~Restated ~~Agreement~~Registration ~~occurred~~Rights ~~on January 27, 2025, when the Lenders agreed to provide the Borrower with a subsequent drawdown under the Loan and Security~~ Agreement ~~in the principal amount of $3,000,000.~~

~~The~~On ~~eighth~~September ~~drawdown~~30, ~~under~~2025, as required by the ~~Loan~~Exchange Agreement, the Company and ~~Security~~the Holders entered into a fourth amendment and restatement of the Amended and Restated Resale Registration Rights Agreement, ~~occurred~~as previously entered into among the parties on ~~February~~September 2126, ~~2025,~~2024 ~~when~~(the “Fourth Amended and Restated Registration Rights Agreement”). Under the ~~Lenders~~Fourth ~~agreed~~Amended and Restated Registration Rights Agreement, the Company is required, among other things, to ~~provide~~file a shelf resale registration statement with respect to the ~~Borrower~~shares of Common Stock issuable upon conversion of the shares of Series Y Preferred Stock with athe SEC within 60 days following the conversion of all of the issued and outstanding Series Y Preferred Stock into Common Stock. The Company also granted customary demand and piggyback ~~subsequent~~ registration ~~drawdown~~right ~~under~~to the ~~Loan~~Holders. The Fourth Amended and ~~Security~~Restated Registration Rights Agreement incontains ~~the~~other ~~principal~~terms ~~amount~~and conditions customary for a transaction of ~~$2,300,000~~this type.

The ~~ninth~~foregoing ~~drawdown~~description ~~under~~of the ~~Loan~~Fourth Amended and ~~Security~~Restated Registration Rights Agreement ~~occurred~~does onnot ~~April~~purport 4,to ~~2025,~~be ~~when~~complete ~~the~~and ~~Lenders~~is ~~agreed~~qualified toin ~~provide~~its entirety ~~the~~by ~~Borrower~~reference ~~with~~to athe ~~subsequent drawdown~~full ~~under~~text of the ~~Loan~~Fourth Amended and ~~Security~~Restated ~~Agreement~~Registration inRights ~~the~~Agreement, ~~principal~~a ~~amount~~copy of $which is filed hereto as Exhibit 10.2~~,000,000~~.

~~The~~MSLP ~~tenth~~Consent ~~drawdown under the Loan and Security~~ Agreement ~~occurred on May 22, 2025, when the Lenders agreed to provide the Borrower with a subsequent drawdown under the Loan and Security Agreement in the principal amount of $2,000,000.~~

~~The~~On ~~eleventh~~September ~~drawdown~~30, ~~under~~ 2025, the ~~Loan~~Company, ~~and~~Venus ~~Security~~Concept ~~Agreement~~USA, ~~occurred~~Inc., ona ~~July~~wholly 21owned subsidiary of the Company (“Venus USA”), ~~2025~~Venus Concept Canada Corp., ~~when~~a ~~the~~wholly ~~Lenders~~owned ~~agreed~~Canadian tosubsidiary ~~provide~~of the ~~Borrower~~Company ~~with~~(“Venus Canada”), and Venus Concept Ltd., a wholly owned Israeli subsidiary of the Company (“Venus ~~subsequent~~Israel” ~~drawdown~~and ~~under~~together with the ~~Loan~~Company, Venus USA and ~~Security~~Venus Canada, the “Loan Parties”), entered into a Consent Agreement inwith the ~~principal~~Holders ~~amount~~(the of“MSLP ~~$2,000,000~~Consent Agreement”).

The ~~twelfth~~MSLP ~~drawdown~~Consent Agreement granted relief under the Loan and Security Agreement ~~occurred~~(Main onStreet ~~August~~Priority 21Loan), ~~2025~~dated December 8, ~~when~~2020, among the ~~Lenders~~Holders, ~~agreed~~as tolenders, ~~provide~~and Venus USA, as borrower (the ~~Borrower~~“MSLP ~~with~~Loan ~~a subsequent~~Agreement”), ~~drawdown~~such that (i) certain minimum liquidity requirements under the MSLP Loan Agreement are waived through October 31, 2025, and ~~Security~~(ii) ~~Agreement~~Venus USA is permitted to apply the October 8, 2025 cash interest payment due under each Note (as defined in the MSLP Consent Agreement) to the respective outstanding principal ~~amount~~balance of ~~$2,000,000~~each Note.

OnThe ~~September~~foregoing ~~19,~~description ~~2025,~~of the ~~Lenders~~MSLP ~~agreed~~Consent toAgreement ~~provide~~does ~~the~~not ~~Borrower~~purport ~~with~~to abe ~~subsequent~~complete ~~drawdown under the Loan~~ and ~~Security~~is ~~Agreement~~qualified in ~~the~~its ~~principal amount~~entirety ofby ~~$2,000,000~~reference ~~(the “Twelfth Delayed Drawdown”). The Twelfth Delayed Drawdown was funded on September 19, 2025. The Company expects~~ to ~~use~~ the ~~proceeds~~full text of the ~~Twelfth~~MSLP Consent ~~Delayed Drawdown~~Agreement, ~~after~~a ~~payment~~copy of ~~transaction~~which ~~expenses,~~is ~~for~~filed ~~general working~~hereto ~~capital~~as ~~purposes~~Exhibit 10.3.

~~For~~Twentieth ~~additional information regarding the~~ Bridge ~~Financing,~~Loan ~~please see the Current Report on Form 8-K, including the exhibits thereto, filed by the Company with the Securities and Exchange Commission on April 24, 2024.~~Amendment

~~Item~~On 5September 30, 2025, the Loan Parties entered into a Twentieth Bridge Loan Amendment Agreement with the Holders (the “Twentieth Bridge Loan Amendment”).~~02.~~ ~~Departure~~The ofTwentieth Bridge ~~Directors~~Loan orAmendment ~~Certain~~amended ~~Officers;~~that ~~Election~~certain Loan and Security Agreement, dated as of ~~Directors~~April 23, 2024, among Venus USA, as borrower; ~~Appointment~~the ofCompany, ~~Certain~~Venus ~~Officers~~Canada and Venus Israel, as guarantors; ~~Compensatory~~and ~~Arrangements~~the Holders, as lenders (as amended from time to time, the “Bridge Loan”), to extend the maturity date of ~~Certain~~the ~~Officers~~Bridge Loan from September 30, 2025 to October 31, 2025 and increase the delayed draw commitment from $21,000,000 to $26,000,000.

OnThe ~~September~~foregoing ~~16,~~description ~~2025, the board~~ of ~~directors (~~the ~~“Board”) of Venus Concept Inc. (the “Company”)~~Twentieth ~~approved~~Bridge ~~the~~Loan ~~award~~Amendment ofdoes ~~transaction~~not ~~completion bonuses~~purport to ~~Rajiv~~be Decomplete ~~Silva~~ and ~~Domenic~~is ~~Della~~qualified ~~Penna, (each an “Awardee”) to be paid~~ in ~~accordance with transaction completion bonus award letters (each an “Award Letter”) upon completion of a Strategic Transaction (as defined the Award Letter). The~~its ~~Awardees~~ entirety ~~are~~by ~~each~~reference ~~eligible~~ to ~~receive a transaction completion bonus that will be paid in~~ the ~~form~~full text of ~~cash and/or cash equivalents in~~ the ~~manner~~Twentieth Bridge ~~and~~Loan ~~ratio~~Amendment, ~~proscribed by the Strategic Transaction. The bonus amounts for each Awardee are subject to~~ a ~~range~~copy ~~calculated based on the size~~ of ~~the~~which ~~Strategic~~is ~~Transaction.~~filed ~~Mr.~~hereto Deas ~~Silva’s~~Exhibit ~~transaction completion bonus payment ranges from $715,000 to approximately $2~~10.~~12 million~~4. ~~Mr. Della Penna’s transaction completion bonus payment ranges from $338,000 to approximately $1 million.~~

InItem ~~addition,~~3.02. ~~each~~Unregistered ~~bonus~~Sales ~~payment is contingent upon the satisfaction~~ of ~~certain~~Equity terms and conditions set forth in the respective Award Letters, including, but not limited to, (a) the successful completion of a Strategic Transaction resulting in a change of control, as determined by the Board, within the time period prescribed in the Award Letters and (b) the Awardee is an active, full-time employee of the Company, in good standing as determined in the reasonable discretion of the Board, on the Payment Date (as defined in the Award Letters)Securities.

The ~~foregoing~~information ~~description~~contained ofin ~~the~~Item ~~Award~~1.01 ~~Letters~~of ~~does~~this ~~not~~Current ~~purport~~Report toon beForm ~~complete~~8-K ~~and~~pertaining ~~is qualified in its entirety by reference~~ to the ~~provisions~~issuance of the ~~Award~~Preferred ~~Letters,~~Shares ~~a form of which~~ is ~~filed~~incorporated asby reference ~~Exhibit~~into ~~10.1 to~~ this ~~Current~~Item ~~Report and incorporated herein by reference~~3.02.

Item 5.03.

Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Amendment to Certificate of Designations of Series Y Preferred Stock

On September 30, 2025, as required by the Exchange Agreement, the Company filed a Certificate of Amendment with the Secretary of State of the State of Delaware (the “Series Y Amendment”), thereby amending the Certificate of Designations with respect to the Series Y Preferred Stock, as previously filed with the Secretary of State of the State of Delaware on May 24, 2024 and as previously amended on September 26, 2024, March 31, 2025, June 30, 2025 and August 6, 2025 (the “Series Y COD”). The Series Y Amendment amended the Series Y COD to, among other things, increase the authorized shares of Series Y Preferred Stock from 1,500,000 to 2,100,000. The Series Y Amendment became effective with the Secretary of State of the State of Delaware upon filing.

Item 7.01.

Regulation FD Disclosure.

On October 2, 2025, the Company issued a press release regarding the Exchange and related transactions. A copy of the press release is furnished hereto as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this Item 7.01, including Exhibit 99.1 incorporated by reference herein, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor incorporated by reference in any filing under the Securities or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Cautionary Statement Regarding Forward-Looking Statements

This Current Report on Form 8-K contains “forward-looking” statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Any statements contained herein that are not of historical facts may be deemed to be forward-looking statements. In some cases, readers can identify these statements by words such as such as “anticipates,” “believes,” “plans,” “expects,” “projects,” “future,” “intends,” “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “guidance,” and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements are based on current expectations, estimates, forecasts, and projections about the Company’s business and the industry in which the Company operates and management's beliefs and assumptions and are not guarantees of future performance or developments and involve known and unknown risks, uncertainties, and other factors that are in some cases beyond the Company’s control. As a result, any or all of the Company’s forward-looking statements in this Current Report on Form 8-K may turn out to be inaccurate. Factors that could materially affect the Company’s business operations and financial performance and condition include, but are not limited to, general economic conditions and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements and those risks and uncertainties described under Part I Item 1A—“Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and under Part II Item 1A—“Risk Factors” in the Company’s subsequently-filed Quarterly Reports on Form 10-Q. Readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on the forward-looking statements. The forward-looking statements are based on information available to the Company as of the date of this Current Report on Form 8-K. Unless required by law, the Company does not intend to publicly update or revise any forward-looking statements to reflect new information or future events or otherwise.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed with this report.

Exhibit No.		Description

3.1		Certificate of Amendment of Series Y Convertible Preferred Stock, dated September 30, 2025
10.1		Exchange Agreement, dated September 30, 2025, by and among Venus Concept Inc., Madryn Health Partners, LP and Madryn Health Partners (Cayman Master), LP
10.2		Fourth Amended and Restated Registration Rights Agreement, dated September 30, 2025, by and among Venus Concept Inc., Madryn Health Partners, LP and Madryn Health Partners (Cayman Master), LP
10.3		Consent Agreement, dated September 30, 2025, by and among Venus Concept Inc., Venus Concept Canada Corp., Venus Concept USA Inc., Venus Concept Ltd., Madryn Health Partners, LP and Madryn Health Partners (Cayman Master), LP
10.4		Twentieth Bridge Loan Amendment Agreement dated September 30, 2025, by and among Venus Concept Inc., Madryn Health Partners, LP and Madryn Health Partners (Cayman Master), LP
99.1		Press release, dated October 2, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

Exhibit No.		Description
10.1		Form of Transaction Completion Bonus Award Letter
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: September 22, 2025	By:	/s/ Domenic Della Penna
Date: October 2, 2025	By:	/s/ Domenic Della Penna
		Domenic Della Penna
		Chief Financial Officer

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