0000950170-24-066139.txt : 20240529 0000950170-24-066139.hdr.sgml : 20240529 20240529185848 ACCESSION NUMBER: 0000950170-24-066139 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240524 FILED AS OF DATE: 20240529 DATE AS OF CHANGE: 20240529 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Madryn Asset Management, LP CENTRAL INDEX KEY: 0001787423 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38238 FILM NUMBER: 241000264 BUSINESS ADDRESS: STREET 1: 330 MADISON AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 6465605493 MAIL ADDRESS: STREET 1: 330 MADISON AVENUE STREET 2: 33RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Madryn Health Partners, LP CENTRAL INDEX KEY: 0001650490 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38238 FILM NUMBER: 241000263 BUSINESS ADDRESS: STREET 1: C/O MADRYN ASSET MANAGEMENT, LP STREET 2: 140 E 45TH STREET, 15TH FLOOR, SUITE B CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-474-8800 MAIL ADDRESS: STREET 1: C/O MADRYN ASSET MANAGEMENT, LP STREET 2: 140 E 45TH STREET, 15TH FLOOR, SUITE B CITY: NEW YORK STATE: NY ZIP: 10017 FORMER NAME: FORMER CONFORMED NAME: Visium Healthcare Partners, LP DATE OF NAME CHANGE: 20150810 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Madryn Health Partners (Cayman Master), LP CENTRAL INDEX KEY: 0001836788 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38238 FILM NUMBER: 241000262 BUSINESS ADDRESS: STREET 1: 140 E 45TH STREET STREET 2: 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 6465605493 MAIL ADDRESS: STREET 1: 140 E 45TH STREET STREET 2: 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Madryn Health Advisors, LP CENTRAL INDEX KEY: 0001836559 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38238 FILM NUMBER: 241000261 BUSINESS ADDRESS: STREET 1: 140 E 45TH STREET CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 6465605493 MAIL ADDRESS: STREET 1: 140 E 45TH STREET CITY: NEW YORK STATE: NY ZIP: 10017 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Venus Concept Inc. CENTRAL INDEX KEY: 0001409269 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 061681204 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 235 YORKLAND BLVD. STREET 2: SUITE 900 CITY: TORONTO STATE: A6 ZIP: M2J 4Y8 BUSINESS PHONE: 877-848-8430 X117 MAIL ADDRESS: STREET 1: 235 YORKLAND BLVD. STREET 2: SUITE 900 CITY: TORONTO STATE: A6 ZIP: M2J 4Y8 FORMER COMPANY: FORMER CONFORMED NAME: Restoration Robotics, Inc. DATE OF NAME CHANGE: 20171121 FORMER COMPANY: FORMER CONFORMED NAME: Restoration Robotics Inc DATE OF NAME CHANGE: 20070808 4 1 ownership.xml 4 X0508 4 2024-05-24 0001409269 Venus Concept Inc. VERO 0001787423 Madryn Asset Management, LP 330 MADISON AVENUE - FLOOR 33 NEW YORK NY 10017 false false true false 0001650490 Madryn Health Partners, LP 330 MADISON AVENUE - FLOOR 33 NEW YORK NY 10017 false false true false 0001836788 Madryn Health Partners (Cayman Master), LP 330 MADISON AVENUE - FLOOR 33 NEW YORK NY 10017 false false true false 0001836559 Madryn Health Advisors, LP 330 MADISON AVENUE - FLOOR 33 NEW YORK NY 10017 false false true false false Series Y Convertible Preferred Stock 2024-05-24 4 P false 576986 A 2024-05-24 Common Stock 57698600 576986 I See footnotes Each share of the Company's Series Y Convertible Preferred Stock (the "Series Y Preferred Stock") is convertible into one hundred (100) shares of Common Stock at any time at the option of the holder or automatically upon certain conditions, including the completion by the Company of a $30.0 million common equity raise. The Series Y Preferred Stock is perpetual and therefore has no expiration date. The reported transaction involved an exchange of $35,000,000 of existing senior secured indebtedness for 576,986 shares of newly-created convertible preferred stock of the Company, designated as "Series Y Convertible Preferred Stock". Represents securities held directly by Madryn Health Partners, LP ("Health Partners LP") and Madryn Health Partners (Cayman Master), LP ("Cayman Master LP" and together with Health Partners LP, the "Funds"). Madryn Asset Management, LP, as investment advisor for each of the Funds, and Madryn Health Advisors, LP, as general partner of each of the Funds, may be deemed to be beneficial owners of the shares held directly by the Funds. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. /s/ Madryn Asset Management, LP, by John Ricciardi, Authorized Signatory 2024-05-29 /s/ Madryn Health Partners, LP, by John Ricciardi, Authorized Signatory 2024-05-29 /s/ Madryn Health Partners (Cayman Master), LP, by John Ricciardi, Authorized Signatory 2024-05-29 /s/ Madryn Health Advisors, LP, by John Ricciardi, Authorized Signatory 2024-05-29