VERU INC. Receives Notice of Delisting or Listing Standard Failure
Ticker: VERU · Form: 8-K · Filed: Feb 28, 2024 · CIK: 863894
Sentiment: bearish
Topics: delisting-notice, regulatory-compliance, corporate-governance
TL;DR
**VERU INC. just got hit with a delisting notice, signaling major issues with its stock exchange listing requirements.**
AI Summary
VERU INC. filed an 8-K on February 28, 2024, reporting an event that occurred on February 21, 2024. The filing indicates the company received a "Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing." This notice pertains to the company's compliance with the requirements for continued listing on a securities exchange. VERU INC. was formerly known as FEMALE HEALTH CO and WISCONSIN PHARMACAL COMPANY INC.
Why It Matters
A notice of delisting or failure to meet listing standards can significantly impact a company's stock liquidity and investor confidence, potentially leading to its removal from a major exchange. This situation often signals underlying operational or financial challenges that need to be addressed to regain compliance.
Risk Assessment
Risk Level: high — A notice of delisting or failure to satisfy listing standards indicates a serious compliance issue that could lead to the company's stock being removed from its current exchange, severely impacting liquidity and investor access.
Key Players & Entities
- VERU INC. (company) — registrant
- FEMALE HEALTH CO (company) — former name of registrant
- WISCONSIN PHARMACAL COMPANY INC (company) — former name of registrant
- United States Securities and Exchange Commission (company) — regulatory body
FAQ
What is the primary event reported in this 8-K filing by VERU INC.?
The primary event reported is a "Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing."
On what date did the earliest event reported in this 8-K occur?
The earliest event reported occurred on February 21, 2024.
What is the state of incorporation for VERU INC.?
VERU INC. is incorporated in Wisconsin.
What was one of the former names of VERU INC.?
One former name of VERU INC. was FEMALE HEALTH CO.
What is the business address of VERU INC.?
The business address of VERU INC. is 2916 N. Miami Avenue, Suite 1000, Miami, Florida 33127.
Filing Stats: 577 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-02-27 18:47:53
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share VERU NASDAQ Cap
Filing Documents
- d773216d8k.htm (8-K) — 23KB
- 0001193125-24-048246.txt ( ) — 141KB
- veru-20240221.xsd (EX-101.SCH) — 3KB
- veru-20240221_lab.xml (EX-101.LAB) — 18KB
- veru-20240221_pre.xml (EX-101.PRE) — 11KB
- d773216d8k_htm.xml (XML) — 4KB
SIGNATURES
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: February 27, 2024 VERU INC. By: /s/ Michele Greco Michele Greco Chief Financial Officer and Chief Administrative Officer 3