Venus Concept announces 1-for-11 reverse stock split

Venus Concept (VERO) will effect a 1-for-11 reverse stock split of the company’s issued and outstanding common stock. The split will be effective at 5:00 p.m. Eastern Standard Time on March 3. The company’s common stock is expected to begin trading on Nasdaq on a split-adjusted basis at the open of trading on March 4. The principal purpose of the reverse stock split is to increase the bid price of the company’s common stock to regain compliance with the continued listing requirements of Nasdaq . In connection with the Reverse Stock Split, the Company’s CUSIP number has changed to 92332W303 as of 5:00 p.m. Eastern Standard Time on March 3, 2025. The company’s common stock will continue to trade under the symbol “VERO.” Every 11 shares of the company’s common stock issued and outstanding will be automatically reclassified into one new share of common stock. The split will not modify any rights or preferences of the shares of the company’s common stock.