secwatch.observer — SEC 8-K summary
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Issuer:     VERU INC. (VERU)
CIK:        0000863894
Form:       8-K
Filed at:   2025-09-26T23:59:59+00:00
Accession:  0001437749-25-029912
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veru settles $8.8M Onconetix promissory notes for $6.3M cash and preferred stock/warrants
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- Outstanding principal under two promissory notes totaled $8,826,155.41 as of September 22, 2025.
- Veru accepted a cash payment of $6,326,155.41, 3,125 shares of Series D Convertible Preferred Stock (stated value $1,000/share), and 846,975 warrants.
- Settlement Amounts paid on September 24, 2025; Promissory Notes and Forbearance Agreement terminated.
- No assurance of future cash proceeds from the preferred stock, warrants, or underlying common shares.
- Release of all claims by Veru against Onconetix upon receipt of settlement consideration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863894/000143774925029912/0001437749-25-029912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863894/000143774925029912/veru20250923_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-029912

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