---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-000208"
form_type: "8-K"
ticker: "VERU"
cik: "0000863894"
company_name: "VERU INC."
filed_at: "2025-01-03T23:59:59+00:00"
generated_at: "2026-05-28T16:54:25.808870+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Veru Inc. sells FC2 female condom business for $18M, netting ~$12.5M after change-of-control payment

## Summary
- Sold FC2 female condom business to Clear Future, Inc., for $18M cash, subject to working capital adjustment.
- Net proceeds to Veru approximately $12.5M after $4.2M change-of-control payment to SWK Funding LLC.
- Royalty Agreement with SWK terminated upon payment; related $9.9M liability extinguished.
- Headcount reduced by ~90% (from 210 to 22) as Veru focuses on biopharmaceutical pipeline.
- Topline results from Phase 2b enobosarm weight loss trial expected in January 2025.

## SEC filing metadata
- accession: 0001437749-25-000208
- form_type: 8-K
- ticker: VERU
- cik: 0000863894
- company_name: VERU INC.
- filed_at: 2025-01-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.04, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/863894/000143774925000208/0001437749-25-000208-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/863894/000143774925000208/veru20241220_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-000208
- JSON: https://secwatch.observer/filing/0001437749-25-000208.json
- Plain text: https://secwatch.observer/filing/0001437749-25-000208.txt

## Key facts
- M&A Transactions
  VERU INC. completed a disposition involving Clear Future, Inc. for $18.0 million in cash, subject to customary working capital adjustment (closed 2024-12-30).
  - Action: disposition
  - Counterparty: Clear Future, Inc.
  - Consideration: $18.0 million in cash, subject to customary working capital adjustment
  - Closing: 2024-12-30
  source text: relating to the FC2 business that are specified in the Purchase Agreement. The transaction closed on December 30, 2024. The purchase price for the FC2 Business Sale is $18.0 million in cash, subject to adjustment as set forth in the Purchase Agreement. The adjustments to the purchase price in the Purchase Agreement include a customary working capital
  evidence_url: https://www.sec.gov/Archives/edgar/data/863894/000143774925000208/0001437749-25-000208-index.htm

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