Venus Concept Inc. (NASDAQ:VERO) said it will voluntarily delist its common shares from the NASDAQ Capital Market and deregister with the U.S. Securities and Exchange Commission.
The company noted that it remains compliant with NASDAQ listing standards, but said its board concluded that the cost and resource burden associated with ongoing SEC reporting outweigh the benefits of maintaining a public listing for the business and its shareholders.
Venus Concept plans to submit Form 25 to the SEC on or around January 30, 2026, with the final day of trading expected to be approximately February 6, 2026. It also intends to file Form 15 on or about February 9, 2026, a step that will immediately suspend its obligation to file periodic reports such as Forms 10-K, 10-Q and 8-K.
“The Board of Directors, after thorough evaluation, has determined this action is in the best interests of the Company and its shareholders,” said Rajiv De Silva. “We believe the reduced costs for compliance will help facilitate the Company’s ability to continue to execute our turnaround plan.”
Venus Concept added that it will continue to work with Madryn Asset Management as it focuses on improving its long-term financial positioning.