Veru enters into $75M ATM equity offering agreement with Jefferies

VERU INC.

Entered Open Market Sale Agreement with Jefferies to sell up to $75M of common stock in at-the-market offerings.
Jefferies receives 3% commission on gross proceeds; company also reimburses specified expenses.
Company has ~39.6M shares authorized, unissued, and available; intends to seek shareholder approval to increase authorized shares.
Shares sold under existing Form S-3 shelf registration effective April 14, 2023, and prospectus supplement filed May 12, 2023.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VERU INC. entered into Sales Agreement with Jefferies LLC valued at $75 million (effective 2023-05-12).

Action: entry
Agreement: atm program
Counterparty: Jefferies LLC
Value: $75 million
Effective: 2023-05-12

Exact text from the filing

On May 12, 2023, the Company entered into an Open Market Sale Agreement SM (the “Sales Agreement”) with Jefferies LLC (“Jefferies”), as sales agent, pursuant to which we may issue and sell, from time to time, through Jefferies, shares of our common stock, par value $0.01 per share (the “Common Stock”), with an aggregate value of up to $75 million

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120 material agreements filed in the last 30 days. Browse all material agreements →

VERU INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-143520

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