Venus Concept Inc. announced that it has finalized an agreement with its lenders, City National Bank of Florida (CNB) and Madryn Asset Management, LP and affiliates (Madryn), to restructure its existing debt obligations, improving the company's overall financial position by deferring certain principal and interest payments under its senior debt and exchanging a portion of its convertible notes for preferred stock. The debt restructuring supports the company?s strategic turnaround efforts, by strengthening its capital structure, improving its liquidity position, and enhancing the path to cashflow breakeven in the second half of 2024. The loan modification and exchange agreements provide for, among other things: Deferral of the approximately $7.7 million annual payment of principal plus accrued interest, previously due December 8, 2023, under the Company?s Main Street Priority Loan Facility with CNB (MSLP Note) until loan maturity on December 8, 2025; Deferral of approximately $3.9 million, or 50% of the annual payment of principal plus accrued interest, previously due December 8, 2024, under the MSLP Note until loan maturity on December 8, 2025.