---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-222901"
form_type: "8-K"
ticker: "VERU"
cik: "0000863894"
company_name: "VERU INC."
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T03:23:54.550062+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Veru amends forbearance with Onconetix; extends note maturities, adjusts payment terms

## Summary
- Veru entered amended forbearance agreement with Onconetix for two promissory notes totaling $10M principal.
- Forbearance period for April 2024 note extended to March 31, 2025; September 2024 note maturity extended to June 30, 2025.
- Interest accrues at 10% per annum on unpaid balances from specified dates.
- Payment terms increased: 25% of monthly cash receipts and 20% of net financing proceeds.
- If both notes fully repaid in cash by Dec 31, 2024, September 2024 note principal reduced from $5M to $3.5M.

## SEC filing metadata
- accession: 0001193125-24-222901
- form_type: 8-K
- ticker: VERU
- cik: 0000863894
- company_name: VERU INC.
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/863894/000119312524222901/0001193125-24-222901-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/863894/000119312524222901/d881365d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-222901
- JSON: https://secwatch.observer/filing/0001193125-24-222901.json
- Plain text: https://secwatch.observer/filing/0001193125-24-222901.txt

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