Venus Concept Stock Soars 127% Premarket After Regaining Nasdaq Compliance
Portfolio Pulse from Benzinga Neuro
Venus Concept Inc. (NASDAQ:VERO) saw its stock price soar by 126.7% in pre-market trading after regaining compliance with Nasdaq's minimum equity rule. The company completed a $35 million debt-to-equity transaction to meet the requirements and received a medical device license from Health Canada for its Venus Versa Pro system.
June 07, 2024 | 10:47 am
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Venus Concept Inc. (NASDAQ:VERO) saw a significant 126.7% increase in pre-market trading after regaining compliance with Nasdaq's minimum equity rule. The company completed a $35 million debt-to-equity transaction and received a medical device license from Health Canada for its Venus Versa Pro system.
The stock price surge is directly linked to the company's announcement of regaining Nasdaq compliance and the completion of a significant debt-to-equity transaction. Additionally, the new medical device license from Health Canada adds to the positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100