secwatch.observer — SEC 8-K summary
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Issuer:     VERU INC. (VERU)
CIK:        0000863894
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001193125-23-133437
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863894/000119312523133437/0001193125-23-133437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863894/000119312523133437/d72542d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-133437

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