Setback
Venus Concept said it would remove its shares from the Nasdaq stock market and stop filing reports with the SEC, to save costs during a turnaround.
A delay, pause or setback · Company-reported
What the source says
“The Company has notified Nasdaq of its intent to voluntarily delist and deregister its common stock.”
What it means
ARTAS, from Venus Concept (formerly Restoration Robotics), is at stage 5 of 5 on our ladder: regulator-cleared or mass market. A setback stays on the record next to the milestones; the stage moves down only when the rules say so. This line rests on the company's own announcement; no regulator, customer or independent report confirms it in our sources yet.
Human help: Our sources report it working without human help.
More on ARTAS
- Venus Concept became fully owned by funds of investor Madryn Asset Management and is now a private company.
- Venus Concept said it would cut 70 jobs, about 18% of its staff, and leave markets that lost money.
- Shareholders of Restoration Robotics, the San Jose company behind ARTAS, approved its merger with aesthetics firm Venus Concept.
- Restoration Robotics got a CE mark to sell the ARTAS iX model in Europe.