NEW YORK, Jan 17, 2026, 04:58 EST — The market is now closed.
- After a heavy volume surge, Venus Concept shares ended Friday at $8.00 following a sharp rally
- A fresh SEC filing revealed Madryn Asset Management now owns 91%, sparking talk of a possible delisting and deregistration
- U.S. markets remain closed Monday in observance of Martin Luther King Jr. Day; they will reopen Tuesday.
Venus Concept Inc shares ended Friday at $8.00, surging 459.44% from the previous session. The stock fluctuated between $5.68 and $12.93 during the day. Trading volume hit roughly 307.6 million shares, a notable jump from recent levels for the Nasdaq-listed microcap.
Madryn Asset Management’s latest Schedule 13D/A filing revealed it holds 18,763,125 shares, representing 91.0% of Venus Concept’s common stock. The firm informed the company’s board it expects a focus on slashing operating costs, including considering the “potential delisting and deregistration” of its shares, according to the filing. SEC
This matters to investors since a 91% owner shrinks the public float, amplifying price swings and complicating exits. If the company delists, its shares would vanish from Nasdaq. Deregistration, on the other hand, would free it from the duty to file regular reports with the U.S. securities regulator.
The timing complicates matters further: U.S. equity and options markets will be closed Monday for Martin Luther King Jr. Day, meaning trading resumes Tuesday.
Madryn’s amended filing got the green light from the SEC at 4:30 p.m. ET on Jan. 15, per the EDGAR docket.
The same document revisits a familiar theme for Venus Concept: talks around financing and restructuring. Madryn, identifying itself as a key shareholder and lender, indicated it might continue to push the board on strategic options. However, it warned that outcomes and timing remain uncertain.
Toronto-based Venus Concept, known for its medical aesthetic and hair-restoration systems, highlighted the importance of debt restructuring and financing in a May 2024 statement. CEO Rajiv De Silva emphasized these as key near-term priorities, citing Madryn’s support.
On Jan. 7, Venus Concept filed an 8-K revealing it pushed back the maturity of its bridge loan to Jan. 14 and obtained temporary relief from specific liquidity covenants linked to its loan agreements.
The upside scenario isn’t without risks. Should delisting or deregistration shift from speculation to reality, liquidity might vanish fast, and disclosure could shrink, leaving minority shareholders with scant public information to rely on.
Traders are also keeping an eye on follow-on filings — whether from the company, Madryn, or other shareholders — to see if cost-cutting signals a leaner public-company presence or hints at deeper changes like revised debt conditions or another equity swap.
Markets being closed on Monday shifts the focus to Tuesday’s open, looking for clues if the squeeze sticks. Traders will also be watching for any imminent board or financing news that might clarify the timing around delisting or deregistration.
