secwatch.observer — SEC 8-K summary
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Issuer:     VERU INC. (VERU)
CIK:        0000863894
Form:       8-K
Filed at:   2024-08-30T23:59:59+00:00
Accession:  0001193125-24-211075
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Veru receives Nasdaq minimum bid price deficiency notice; 180-day cure period until Feb 25, 2025
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- Nasdaq notified Veru on Aug 29, 2024 that common stock bid price was below $1.00 for 30 consecutive business days.
- Company has 180 calendar days, until Feb 25, 2025, to regain compliance by closing at $1.00+ for 10 consecutive days.
- If not compliant by Feb 25, 2025, Veru may qualify for a second 180-day period if it meets other listing standards and intends to cure via reverse stock split.
- Failure to regain compliance could lead to delisting from Nasdaq Capital Market.
- Trading of VERU common stock continues unaffected during the cure period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863894/000119312524211075/0001193125-24-211075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863894/000119312524211075/d888292d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-211075

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