secwatch.observer — SEC 8-K summary
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Issuer:     VERU INC. (VERU)
CIK:        0000863894
Form:       8-K
Filed at:   2023-04-13T23:59:59+00:00
Accession:  0001193125-23-099796
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veru Inc. raises $5M via private placement of 5M shares at $1.00 to Frost Gamma Investments Trust
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- Issued 5,000,000 shares of common stock at $1.00 per share to Frost Gamma Investments Trust for total proceeds of $5,000,000.
- Shares sold in private placement under Section 4(a)(2)/Rule 506; unregistered and subject to transfer restrictions.
- Company will file a resale registration statement within 45 days and maintain effectiveness until third anniversary or full sale.
- Purchaser represented as accredited investor; shares fully paid and nonassessable.
- Agreement includes customary representations, warranties, and registration rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863894/000119312523099796/0001193125-23-099796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863894/000119312523099796/d433403d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-099796

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