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[8-K] Veru Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Veru Inc. effected a 1-for-10 reverse stock split of its common stock, effective 11:59 pm CT on August 8, 2025, converting every ten pre-split shares into one post-split share. The Nasdaq listing will trade on a split-adjusted basis beginning with the opening of trading on or about August 11, 2025, under the same ticker VERU and new CUSIP 92536C202. Fractional shares will not be issued; shareholders will receive cash in lieu of any fractional interest.

The split does not change the number of authorized shares or par value. The Board approved the 1-for-10 ratio after shareholders authorized a 1-for-2 to 1-for-20 range at a July 25, 2025 special meeting. Outstanding equity awards and reserved shares under the Company鈥檚 Schedules of equity plans were proportionately adjusted and the Company鈥檚 Form S-8 registration statements were amended by operation of Rule 416(b).

Veru Inc. ha effettuato un raggruppamento azionario (reverse stock split) 1-per-10 delle sue azioni ordinarie, efficace alle 23:59 CT dell'8 agosto 2025, convertendo ogni dieci azioni pre-split in una azione post-split. La quotazione sul Nasdaq sar脿 negoziata su base rettificata per il raggruppamento a partire dall'apertura delle contrattazioni intorno all'11 agosto 2025, con lo stesso ticker VERU e il nuovo CUSIP 92536C202. Non saranno emesse azioni frazionarie; gli azionisti riceveranno un corrispettivo in contanti per eventuali frazioni.

Il raggruppamento non modifica il numero di azioni autorizzate n茅 il valore nominale. Il Consiglio di Amministrazione ha approvato il rapporto 1-per-10 dopo che gli azionisti, nella riunione straordinaria del 25 luglio 2025, avevano autorizzato un intervallo da 1-per-2 a 1-per-20. Le assegnazioni di strumenti azionari in essere e le azioni riservate nei piani azionari della Societ脿 sono state adeguate proporzionalmente e le dichiarazioni di registrazione Form S-8 della Societ脿 sono state modificate ai sensi della Rule 416(b).

Veru Inc. efectu贸 una consolidaci贸n (reverse stock split) de 1 por 10 de sus acciones ordinarias, con vigencia a las 11:59 p.m. CT del 8 de agosto de 2025, convirtiendo cada diez acciones previas en una acci贸n posterior. La cotizaci贸n en Nasdaq se negociar谩 ajustada por la consolidaci贸n a partir de la apertura del mercado alrededor del 11 de agosto de 2025, bajo el mismo ticker VERU y el nuevo CUSIP 92536C202. No se emitir谩n fracciones de acciones; los accionistas recibir谩n efectivo en lugar de cualquier fracci贸n.

La operaci贸n no altera el n煤mero de acciones autorizadas ni el valor nominal. El Consejo aprob贸 la proporci贸n 1 por 10 despu茅s de que los accionistas autorizaran, en la junta especial del 25 de julio de 2025, un rango de 1 por 2 a 1 por 20. Las adjudicaciones de capital pendientes y las acciones reservadas bajo los planes de acciones de la Compa帽铆a se ajustaron proporcionalmente y las declaraciones de registro Form S-8 de la Compa帽铆a fueron enmendadas por aplicaci贸n de la Regla 416(b).

Veru Inc.電� 氤错喌欤检棎 雽頃� 1雽10鞚� 鞐硲頃�(reverse stock split)鞚� 2025雲� 8鞗� 8鞚� CT 旮办 鞓ろ泟 11鞁� 59攵勲秬搿� 鞁滍枆頃橃棳, 氤戫暕 鞝� 10欤茧ゼ 氤戫暕 頉� 1欤茧 鞝勴櫂頄堨姷雼堧嫟. 雮橃姢雼� 靸侅灔鞚 2025雲� 8鞗� 11鞚缄步 瓯半灅 臧滌嫓攵韯� 氤戫暕 臁办爼霅� 旮办鞙茧 瓯半灅霅橂┌ 霃欖澕頃� 韹办护 VERU鞕 靸堧鞖� CUSIP 92536C202臧 鞝侅毄霅╇媹雼�. 靻岇垬 欤茧姅 氚滍枆霅橃 鞎婌溂氅� 靻岇垬 歆攵勳棎 雽頃挫劀電� 順勱笀鞙茧 鞝曥偘霅╇媹雼�.

鞚措矆 氤戫暕鞚 鞀轨澑霅� 氚滍枆欤检嫕 靾橂倶 鞎‰┐臧鞐愲姅 鞓來枼鞚� 氙胳箻歆 鞎婌姷雼堧嫟. 鞚挫偓須岆姅 2025雲� 7鞗� 25鞚� 鞛勳嫓 欤检<齑濏殞鞐愳劀 欤检<霌れ澊 1雽2鞐愳劀 1雽20 氩旍渼毳� 鞀轨澑頃� 鞚错泟 1雽10 牍勳湪鞚� 鞀轨澑頄堨姷雼堧嫟. 氙胳旮� 欤检嫕氤挫儊瓿� 須岇偓鞚� 欤检嫕 瓿勴殟 頃橃棎 鞓堨暯霅� 欤检嫕鞚 牍勲頃橃棳 臁办爼霅橃棃瓿�, 須岇偓鞚� Form S-8 霌彪靹滊姅 Rule 416(b)鞐� 霐半澕 靾橃爼霅橃棃鞀惦媹雼�.

Veru Inc. a r茅alis茅 un regroupement d'actions (reverse stock split) au ratio de 1 pour 10 de ses actions ordinaires, effectif 脿 23h59 CT le 8 ao没t 2025, convertissant chaque dix actions pr茅-split en une action post-split. La cotation sur le Nasdaq sera n茅goci茅e sur une base ajust茅e pour le regroupement 脿 partir de l'ouverture des march茅s vers le 11 ao没t 2025, sous le m锚me ticker VERU et le nouveau CUSIP 92536C202. Aucune action fractionnaire ne sera 茅mise ; les actionnaires recevront une indemnit茅 en esp猫ces pour toute fraction.

Le regroupement n'affecte ni le nombre d'actions autoris茅es ni la valeur nominale. Le Conseil d'administration a approuv茅 le ratio 1 pour 10 apr猫s que les actionnaires ont autoris茅, lors de l'assembl茅e extraordinaire du 25 juillet 2025, une fourchette de 1 pour 2 脿 1 pour 20. Les attributions d'actions en cours et les actions r茅serv茅es au titre des plans d'actions de la Soci茅t茅 ont 茅t茅 ajust茅es proportionnellement et les d茅clarations d'enregistrement Form S-8 de la Soci茅t茅 ont 茅t茅 amend茅es en vertu de la r猫gle 416(b).

Veru Inc. hat zum 8. August 2025 um 23:59 Uhr CT einen 1-zu-10 Reverse Stock Split seiner Stammaktien durchgef眉hrt und jeweils zehn Vor-Split-Aktien in eine Nach-Split-Aktie umgewandelt. Die Nasdaq-Notierung wird voraussichtlich ab Er枚ffnung des Handels am oder um den 11. August 2025 splitbereinigt gehandelt, unter demselben Ticker VERU und der neuen CUSIP 92536C202. Bruchteile von Aktien werden nicht ausgegeben; Aktion盲re erhalten f眉r etwaige Bruchteile eine Barausgleichszahlung.

Der Split 盲ndert weder die Zahl der genehmigten Aktien noch den Nennwert. Der Vorstand genehmigte das 1-zu-10-Verh盲ltnis, nachdem die Aktion盲re auf einer au脽erordentlichen Sitzung am 25. Juli 2025 einen Bereich von 1-zu-2 bis 1-zu-20 autorisiert hatten. Ausstehende Aktienzuteilungen und reservierte Aktien im Rahmen der Aktienpl盲ne des Unternehmens wurden anteilig angepasst, und die Form S-8-Registrierungsunterlagen der Gesellschaft wurden kraft Rule 416(b) ge盲ndert.

Positive
  • Reverse stock split implemented at a 1-for-10 ratio as approved by shareholders and the Board
  • Trading continuity preserved: shares will continue trading on Nasdaq under ticker VERU on a split-adjusted basis with new CUSIP 92536C202
  • Equity awards and registrations adjusted proportionately across the Company鈥檚 equity plans and Form S-8 registration statements
Negative
  • None.

Insights

TL;DR: A shareholder-approved reverse split was implemented uniformly, with plan awards and registration statements adjusted proportionally.

The filing documents a routine corporate action: shareholders authorized a range for a reverse split and the Board selected a 1-for-10 ratio, effective August 8, 2025. The action preserves authorized share counts and par value while proportionately adjusting outstanding equity awards and Form S-8 coverage. The use of cash in lieu for fractional shares is customary. From a governance perspective, the disclosure is complete and aligns with standard corporate procedure for reverse splits.

TL;DR: Reverse split executed; trading adjustments and new CUSIP announced, with no change to ownership percentages.

The 1-for-10 reverse split will be reflected in trading on or about August 11, 2025, under the same NASDAQ ticker VERU but a new CUSIP 92536C202. The filing confirms proportional adjustments to equity awards and the reduction in shares covered by active Form S-8 registrations via Rule 416(b). The company disclosed a press release dated August 6, 2025 and filed exhibits including the Articles of Amendment and the press release. The action appears procedural and does not, by itself, alter shareholders鈥� percentage interests.

Veru Inc. ha effettuato un raggruppamento azionario (reverse stock split) 1-per-10 delle sue azioni ordinarie, efficace alle 23:59 CT dell'8 agosto 2025, convertendo ogni dieci azioni pre-split in una azione post-split. La quotazione sul Nasdaq sar脿 negoziata su base rettificata per il raggruppamento a partire dall'apertura delle contrattazioni intorno all'11 agosto 2025, con lo stesso ticker VERU e il nuovo CUSIP 92536C202. Non saranno emesse azioni frazionarie; gli azionisti riceveranno un corrispettivo in contanti per eventuali frazioni.

Il raggruppamento non modifica il numero di azioni autorizzate n茅 il valore nominale. Il Consiglio di Amministrazione ha approvato il rapporto 1-per-10 dopo che gli azionisti, nella riunione straordinaria del 25 luglio 2025, avevano autorizzato un intervallo da 1-per-2 a 1-per-20. Le assegnazioni di strumenti azionari in essere e le azioni riservate nei piani azionari della Societ脿 sono state adeguate proporzionalmente e le dichiarazioni di registrazione Form S-8 della Societ脿 sono state modificate ai sensi della Rule 416(b).

Veru Inc. efectu贸 una consolidaci贸n (reverse stock split) de 1 por 10 de sus acciones ordinarias, con vigencia a las 11:59 p.m. CT del 8 de agosto de 2025, convirtiendo cada diez acciones previas en una acci贸n posterior. La cotizaci贸n en Nasdaq se negociar谩 ajustada por la consolidaci贸n a partir de la apertura del mercado alrededor del 11 de agosto de 2025, bajo el mismo ticker VERU y el nuevo CUSIP 92536C202. No se emitir谩n fracciones de acciones; los accionistas recibir谩n efectivo en lugar de cualquier fracci贸n.

La operaci贸n no altera el n煤mero de acciones autorizadas ni el valor nominal. El Consejo aprob贸 la proporci贸n 1 por 10 despu茅s de que los accionistas autorizaran, en la junta especial del 25 de julio de 2025, un rango de 1 por 2 a 1 por 20. Las adjudicaciones de capital pendientes y las acciones reservadas bajo los planes de acciones de la Compa帽铆a se ajustaron proporcionalmente y las declaraciones de registro Form S-8 de la Compa帽铆a fueron enmendadas por aplicaci贸n de la Regla 416(b).

Veru Inc.電� 氤错喌欤检棎 雽頃� 1雽10鞚� 鞐硲頃�(reverse stock split)鞚� 2025雲� 8鞗� 8鞚� CT 旮办 鞓ろ泟 11鞁� 59攵勲秬搿� 鞁滍枆頃橃棳, 氤戫暕 鞝� 10欤茧ゼ 氤戫暕 頉� 1欤茧 鞝勴櫂頄堨姷雼堧嫟. 雮橃姢雼� 靸侅灔鞚 2025雲� 8鞗� 11鞚缄步 瓯半灅 臧滌嫓攵韯� 氤戫暕 臁办爼霅� 旮办鞙茧 瓯半灅霅橂┌ 霃欖澕頃� 韹办护 VERU鞕 靸堧鞖� CUSIP 92536C202臧 鞝侅毄霅╇媹雼�. 靻岇垬 欤茧姅 氚滍枆霅橃 鞎婌溂氅� 靻岇垬 歆攵勳棎 雽頃挫劀電� 順勱笀鞙茧 鞝曥偘霅╇媹雼�.

鞚措矆 氤戫暕鞚 鞀轨澑霅� 氚滍枆欤检嫕 靾橂倶 鞎‰┐臧鞐愲姅 鞓來枼鞚� 氙胳箻歆 鞎婌姷雼堧嫟. 鞚挫偓須岆姅 2025雲� 7鞗� 25鞚� 鞛勳嫓 欤检<齑濏殞鞐愳劀 欤检<霌れ澊 1雽2鞐愳劀 1雽20 氩旍渼毳� 鞀轨澑頃� 鞚错泟 1雽10 牍勳湪鞚� 鞀轨澑頄堨姷雼堧嫟. 氙胳旮� 欤检嫕氤挫儊瓿� 須岇偓鞚� 欤检嫕 瓿勴殟 頃橃棎 鞓堨暯霅� 欤检嫕鞚 牍勲頃橃棳 臁办爼霅橃棃瓿�, 須岇偓鞚� Form S-8 霌彪靹滊姅 Rule 416(b)鞐� 霐半澕 靾橃爼霅橃棃鞀惦媹雼�.

Veru Inc. a r茅alis茅 un regroupement d'actions (reverse stock split) au ratio de 1 pour 10 de ses actions ordinaires, effectif 脿 23h59 CT le 8 ao没t 2025, convertissant chaque dix actions pr茅-split en une action post-split. La cotation sur le Nasdaq sera n茅goci茅e sur une base ajust茅e pour le regroupement 脿 partir de l'ouverture des march茅s vers le 11 ao没t 2025, sous le m锚me ticker VERU et le nouveau CUSIP 92536C202. Aucune action fractionnaire ne sera 茅mise ; les actionnaires recevront une indemnit茅 en esp猫ces pour toute fraction.

Le regroupement n'affecte ni le nombre d'actions autoris茅es ni la valeur nominale. Le Conseil d'administration a approuv茅 le ratio 1 pour 10 apr猫s que les actionnaires ont autoris茅, lors de l'assembl茅e extraordinaire du 25 juillet 2025, une fourchette de 1 pour 2 脿 1 pour 20. Les attributions d'actions en cours et les actions r茅serv茅es au titre des plans d'actions de la Soci茅t茅 ont 茅t茅 ajust茅es proportionnellement et les d茅clarations d'enregistrement Form S-8 de la Soci茅t茅 ont 茅t茅 amend茅es en vertu de la r猫gle 416(b).

Veru Inc. hat zum 8. August 2025 um 23:59 Uhr CT einen 1-zu-10 Reverse Stock Split seiner Stammaktien durchgef眉hrt und jeweils zehn Vor-Split-Aktien in eine Nach-Split-Aktie umgewandelt. Die Nasdaq-Notierung wird voraussichtlich ab Er枚ffnung des Handels am oder um den 11. August 2025 splitbereinigt gehandelt, unter demselben Ticker VERU und der neuen CUSIP 92536C202. Bruchteile von Aktien werden nicht ausgegeben; Aktion盲re erhalten f眉r etwaige Bruchteile eine Barausgleichszahlung.

Der Split 盲ndert weder die Zahl der genehmigten Aktien noch den Nennwert. Der Vorstand genehmigte das 1-zu-10-Verh盲ltnis, nachdem die Aktion盲re auf einer au脽erordentlichen Sitzung am 25. Juli 2025 einen Bereich von 1-zu-2 bis 1-zu-20 autorisiert hatten. Ausstehende Aktienzuteilungen und reservierte Aktien im Rahmen der Aktienpl盲ne des Unternehmens wurden anteilig angepasst, und die Form S-8-Registrierungsunterlagen der Gesellschaft wurden kraft Rule 416(b) ge盲ndert.

false 0000863894 0000863894 2025-08-08 2025-08-08


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
FORM 8-K

 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): August 8, 2025
 

 
VERU INC.
(Exact name of registrant as specified in its charter)
 
Wisconsin
 
1-13602
 
39-1144397
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
2916 N. Miami Avenue, Suite 1000, Miami, Florida 33127
Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code: (305) 509-6897
 
Not Applicable
(Former name or former address, if changed since last report.)
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value per share
VERU
NASDAQ Capital Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 


 

 
 
Item 3.03.
Material Modification to Rights of Security Holders.
 
To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.
 
--09-30
Item 5.03.
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
 
On August 8, 2025, Veru Inc. (the "Company") filed Articles of Amendment to the Company's Amended and Restated Articles of Incorporation to effect a 1-for-10 reverse stock split (the "Reverse Stock Split") of the Company's issued and outstanding shares of common stock, par value $0.01 per share (the "Common Stock"), effective 11:59 pm CT on August 8, 2025 (the “Effective Time”). Beginning with the opening of trading on or about August 11, 2025, the Common Stock will trade on the Nasdaq Capital Market on a split-adjusted basis under new CUSIP number 92536C202 and will continue to trade under the symbol "VERU."
 
At a special meeting of shareholders of the Company held on July 25, 2025, the shareholders of the Company approved a proposal to approve an amendment to the Company’s Amended and Restated Articles of Incorporation to effect a reverse stock split at a ratio to be determined by the Board of Directors of the Company within a range of 1-for-2 to 1-for-20. The Board of Directors subsequently approved the ratio of 1-for-10 for the Reverse Stock Split. As a result of the Reverse Stock Split, every 10 shares of Common Stock issued and outstanding were converted into one share of Common Stock as of the Effective Time. No fractional shares will be issued in connection with the Reverse Stock Split. Shareholders will instead receive cash in lieu of fractional shares.
 
The Reverse Stock Split will not reduce the number of authorized shares of Common Stock, or change the par value of the Common Stock. The Reverse Stock Split will affect all shareholders uniformly and will not affect any shareholder's ownership percentage of the Company's shares of Common Stock (except to the extent that the Reverse Stock Split results in some of the shareholders receiving cash in lieu of fractional shares). In addition, effective as of the Effective Time and as a result of the Reverse Stock Split, proportionate adjustments were made in accordance with the terms of the Company’s 2008 Stock Incentive Plan, 2017 Equity Incentive Plan, 2018 Equity Incentive Plan and 2022 Employment Inducement Equity Incentive Plan (collectively, the “Plans”), with respect to the number of shares of Common Stock subject to outstanding equity awards, the per-share exercise price with respect to those awards, the number of shares of Common Stock reserved for future issuance under the Plans and limits on the size of grants pursuant to the Plans.
 
On August 6, 2025, the Company issued a press release announcing the Reverse Stock Split. A copy of the press release is filed herewith as Exhibit 99.1 hereto.
 
Item 8.01.
Other Events.
 
The information contained in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.
 
The Company has Registration Statements on Form S-8 (File No. 333-154252, 333-222513, 333-228789, 333-231489, 333-238218, 333-264877 and 333-266791) on file with the Securities and Exchange Commission (the “Commission”). Commission regulations permit the Company to incorporate by reference future filings made with the Commission pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the termination of the offerings covered by registration statements filed on Form S-3 or Form S-8. The information incorporated by reference is considered to be part of the prospectus included within each of those registration statements. Information in this Item 8.01 of this Current Report on Form 8-K is therefore intended to be automatically incorporated by reference into each of the active registration statements listed above, thereby amending them. Pursuant to Rule 416(b) under the Securities Act, the amount of undistributed shares of Common Stock deemed to be covered by the effective registration statements of the Company described above are proportionately reduced as of the Effective Time to give effect to the Reverse Stock Split.
 
Item 9.01
Financial Statements and Exhibits.
 
(d) Exhibits.
 
The following exhibits are filed herewith:
 
Exhibit No.
 
Description
3.1
 
Articles of Amendment to Amended and Restated Articles of Incorporation of Veru Inc.
99.1
 
Press Release of Veru Inc., issued on August 6, 2025.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
2
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
Date: August 12, 2025
VERU INC.
 
       
 
By: 
/s/ Michele Greco
 
   
Michele Greco
 
   
Chief Financial Officer and
Chief Administrative Officer
 
 
 
3

FAQ

What reverse stock split did Veru (VERU) implement?

Veru implemented a 1-for-10 reverse stock split, converting every ten shares into one share, effective 11:59 pm CT on August 8, 2025.

When will VERU shares trade on a split-adjusted basis?

The Common Stock will trade on a split-adjusted basis on the Nasdaq beginning with the opening of trading on or about August 11, 2025.

Will VERU change its ticker or CUSIP after the split?

The ticker will remain VERU; the new CUSIP for post-split shares is 92536C202.

How are fractional shares handled in the VERU reverse split?

No fractional shares will be issued; shareholders entitled to fractional interests will receive cash in lieu of fractional shares.

Does the reverse split change VERU鈥檚 authorized shares or par value?

No; the Reverse Stock Split does not reduce the number of authorized shares of Common Stock and does not change the par value.
Veru

NASDAQ:VERU

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53.58M
12.58M
14.19%
32.75%
7.65%
Biotechnology
Pharmaceutical Preparations
United States
MIAMI