Sec Form 13D Filing - MASTERS CAPITAL MANAGEMENT LLC filing for Venus Concept Inc. (VERO) - 2024-10-08

Masters Capital Management, LLC

3060 Peachtree Road, NW, Suite 1425

Atlanta, Georgia 30305

Telephone- (404) 364-2021

(Name, Address and Telephone Number of Person Authorized to Receive

Notices and Communications)

168,229

Identity and Background.

Item 2 is hereby amended and supplemented as follows:

This Schedule 13D is being filed jointly by (i) Masters Capital Management, LLC, a Georgia limited liability company (“MCM”), and (ii) Michael Masters, a United States citizen (collectively, the “Reporting Persons”).

The principal business address of the Reporting Persons is 3060 Peachtree Road, NW, Suite 1425, Atlanta, Georgia 30305.

Michael Masters is the controlling founder of each of Masters Special Situations, LLC, a Georgia limited liability company (“MSS”) and MCM, each an investment management firm that serves as the investment manager to certain private funds, including Marlin Fund, Limited Partnership (“MFLP”), Marlin Fund II, Limited Partnership (“MFIILP”), Marlin Fund III Limited Partnership (“MFIIILP”), Marlin Master Fund Offshore II, LP (“MMFO”) and MSS VC SPV LP, a Delaware limited partnership (“MSSVC”).

None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

The funds for the purchase of the Common Stock beneficially owned by the Reporting Persons came from the working capital of the private funds managed by each of MSS and MCM (including MFLP, MFIILP and MSSVC).

No borrowed funds were used to purchase the shares of Common Stock, other than any borrowed funds used for working capital purposes (including certain leverage arrangements) in the ordinary course of business.

Item 4 is hereby supplemented by adding thereto the following:

Between October 3, 2024 – October 8, 2024, the Reporting Persons sold 412,787 shares of the Common Stock of the Issuer in accordance with the transaction schedule listed on Exhibit B below.

Except as otherwise set forth herein, the Reporting Persons do not have any present plans or proposals which would relate to, or result in, the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D.

The Reporting Persons reserve the right, at a later date, to effect one or more of such changes or transactions in the number of Shares they may be deemed to beneficially own.

(a)-(c)

As of the date of this Amendment No. 5 to Schedule 13D, (i) Michael Masters may be deemed to be the beneficial owner of 168,229 shares of Common Stock or 2.3% of the shares of Common Stock of the Issuer, and (ii) MCM may be deemed to be the beneficial owner of 111,158 shares of Common Stock or 1.5% of the shares of Common Stock of the Issuer, in each case based upon the 7,255,277 shares of Common Stock outstanding as of August 7, 2024, following the sale of Common Stock of the Reporting Persons.

Michael Masters has the sole power to vote or direct the vote of 0 shares of Common Stock and the shared power to vote or direct the vote of 168,229 shares of Common Stock.

MCM has the sole power to vote or direct the vote of 0 shares of Common Stock and the shared power to vote or direct the vote of 111,158 shares of Common Stock.

Michael Masters has the sole power to dispose or direct the disposition of 0 shares of Common Stock and the shared power to dispose or direct the disposition of 168,229 shares of Common Stock.

MCM has the sole power to dispose or direct the disposition of 0 shares of Common Stock and the shared power to dispose or direct the disposition of 111,158 shares of Common Stock.

As of October 8, 2024, the Reporting Persons have each ceased to be the beneficial owner of more than 5% of the Common Stock of the Issuer. Consequently, this is the final amendment to the Schedule 13D and constitutes an “exit filing” for the Reporting Persons.

Transactions in the securities of the Issuer during the last sixty days are set forth in Exhibit B.

The aforementioned shares of Common Stock were acquired for investment purposes. The Reporting Persons may acquire additional securities of the Issuer, dispose of all or some of these securities from time to time, in each case in open market or private transactions, block sales or purchases or otherwise, or may continue to hold the Common Stock.

The Reporting Persons specifically disclaim beneficial ownership in the shares of Common Stock reported herein except to the extent of their pecuniary interest therein.

This Item is not applicable.

An agreement relating to the filing of a joint statement as required by Rule 13d-1(f) under the Securities Exchange Act of 1934 is filed herewith as Exhibit A.

MASTERS CAPITAL MANAGEMENT, LLC

By: /s/ Michael Masters

Michael Masters, Managing Member

MICHAEL MASTERS

/s/ Michael Masters