M&A: VERU INC.

Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Acquisition

Type: New

Accession Number: 000143774925000208

Comments: On December 30, 2024, Veru Inc. entered into a Stock and Asset Purchase Agreement with Clear Future, Inc., whereby Clear Future purchased substantially all assets related to Veru's FC2 female condom business for $18.0 million in cash. The transaction included the stock of Veru's U.K. and Malaysian subsidiaries. Estimated proceeds after deducting a change of control payment to SWK Funding LLC and other fees amount to approximately $12.5 million. Additionally, a change of control payment of $4.2 million to SWK resulted in the termination of the Royalty Agreement. A press release announcing the transaction's closure was issued on December 31, 2024, and pro forma financial statements reflecting the acquisition were filed as part of the 8-K report.

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