Veru, Inc. Announces 5M Share Offering at $1/sh By Investing.com

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Veru, Inc. Announces 5M Share Offering at $1/sh

Published Apr 13, 2023 06:12

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On April 12, 2023, Veru, Inc. (NASDAQ:VERU) entered into a stock purchase agreement (the “Purchase Agreement”) with Frost Gamma Investments Trust (the “Purchaser”), pursuant to which, on the date thereof, the Company issued and sold 5,000,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), to the Purchaser at a purchase price of $1.00 per share, for a total investment of $5,000,000. The Purchase Agreement contains customary representations, warranties and agreements, including obligations of the Company with respect to registration rights.

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