New York, Jan 20, 2026, 12:08 PM EST — Regular session
Shares of Venus Concept Inc. dropped roughly 43% on Tuesday, erasing much of last week’s sharp gains and keeping the microcap under traders’ watch. The Nasdaq-listed medical aesthetics firm slid $3.46 to $4.54 by late morning, after bouncing between $3.85 and $5.06. (StockAnalysis)
This shift matters because Venus Concept’s largest lender-shareholder now controls the direction of what comes next — including whether the stock remains listed on Nasdaq. An amended Schedule 13D filing, which reveals major ownership stakes, showed Madryn Asset Management and related funds hold 91% of the company’s common stock. The filing also noted discussions about cost-cutting measures, potentially including delisting and deregistration. (SEC)
The focus on this stock has made every headline bigger. On Friday, it jumped to close at $8, after finishing the previous day at just $1.43. Trading volume surged past 307 million shares, per market data. (StockAnalysis)
A Nasdaq report, referencing the filing, noted that Madryn informed the board on Jan. 13 of its intention to cut operating costs, which could involve “the potential delisting and deregistration” of the common stock. (Nasdaq)
Delisting usually signals that a stock will drop off a major exchange like Nasdaq and might shift to over-the-counter markets, where trading volumes tend to be lower and bid-ask spreads larger. Deregistration, on the other hand, is a distinct move that cuts back on public disclosures, complicating investors’ ability to track a company’s financials and governance.
Venus Concept’s debt situation remains a key factor. In an 8-K filed alongside a Dec. 31 consent agreement, the company disclosed that lenders led by Madryn waived some minimum liquidity requirements until Jan. 14 and pushed back the maturity date of a short-term bridge loan to the same day. (SEC)
The filing also noted Venus might apply the Jan. 8 cash interest payment to principal instead of paying cash—preserving short-term liquidity but increasing the debt load. Simply put, this “pay-in-kind” option delays cash outflows to a later date.
Since the bulk of the stock is controlled by a single holder and the free float is limited, even small orders can trigger sharp price swings. Tuesday’s decline happened amid sustained high volume, indicating the trade remains heavily crowded.
The story runs both ways. A stock that jumps hundreds of percent in a single session can just as quickly gap down, especially if liquidity dries up or if investors fear a delisting that alters who is allowed to hold the shares.
Madryn’s filing cautioned that the outcome and timing of restructuring talks remain uncertain, forcing the market to price in partial information and timing risks. (Stock Titan)
Traders await the next update to learn what has taken the place of the temporary waivers that expired on Jan. 14, along with any official board moves related to a Nasdaq delisting or deregistration.
