---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-133437"
form_type: "8-K"
ticker: "VERU"
cik: "0000863894"
company_name: "VERU INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:07:21.826705+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Veru signs $100M common stock purchase agreement with Lincoln Park Capital

## Summary
- Up to $100M of common stock over 36 months; regular purchases ≤225,000 shares/day.
- Larger purchases possible at higher stock prices; purchase price based on VWAP or closing price.
- Commitment fee of 800,000 shares upfront; additional $1M shares at $50M cumulative purchases.
- Exchange cap 17,678,502 shares (19.99% of outstanding) unless shareholder approval or price >$1.26.
- Proceeds to be used for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0001193125-23-133437
- form_type: 8-K
- ticker: VERU
- cik: 0000863894
- company_name: VERU INC.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/863894/000119312523133437/0001193125-23-133437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/863894/000119312523133437/d72542d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-133437
- JSON: https://secwatch.observer/filing/0001193125-23-133437.json
- Plain text: https://secwatch.observer/filing/0001193125-23-133437.txt

## Key facts
- Material Agreements
  VERU INC. entered into Purchase Agreement with Lincoln Park Capital Fund, LLC valued at up to $100,000,000 (effective 2023-05-02).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Lincoln Park Capital Fund, LLC
  - Value: up to $100,000,000
  - Effective: 2023-05-02
  source text: On May 2, 2023, Veru Inc. (the “Company”), entered into a purchase agreement (the “Purchase Agreement”) with Lincoln Park Capital Fund, LLC (“Lincoln Park” or “Investor”) (each, a “Party”, and together, the “Parties”), which provides that, upon the terms and subject to the conditions and limitations set forth therein, the Company may sell to Lincoln Park up to $100,000,000 of shares (the “Purchase Shares”) of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/863894/000119312523133437/0001193125-23-133437-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.