Veru terminates $75M ATM equity agreement with Jefferies; $1.1M raised, effective Sept 3

VERU INC.

Terminated Open Market Sales Agreement with Jefferies LLC effective Sept 3, 2024; no penalties incurred.
Agreement authorized up to $75M in common stock sales; only 1,367,415 shares sold for net proceeds of $1.1M.
Company will not issue any additional shares under this agreement going forward.
Termination removes a potential source of equity capital but avoids further dilution for existing shareholders.

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