M&A - Venus Concept Inc.

Form Type: 8-K

Filing Date: 2025-06-06

Corporate Action: Acquisition

Type: New

Accession Number: 000114036125021814

Filing Summary: On June 5, 2025, Venus Concept Inc. entered into a Unit Purchase Agreement to sell the Venus Hair Business to Meta Healthcare Group for $20 million in cash. The transaction involves the sale of hair restoration and hair transplant technologies and related assets. Meta Healthcare Group will assume the manufacturing and research and development facilities, along with rights to manufacture NeoGraft. The transaction includes a license agreement granting Venus Concept a perpetual, royalty-free license for certain patents. The acquisition is expected to close in the third quarter of 2025, pending various regulatory approvals and other conditions. The company has agreed not to solicit alternate business combinations for the Venus Hair Business, with exceptions for fiduciary duties.