SCHEDULE 13G/A: Adage Capital Management Updates Stake in Veru Inc. to 1.57%
Beneficial Ownership Disclosure
Adage Capital Management, L.P. and its affiliates have filed an amended Schedule 13G, disclosing a beneficial ownership of 1.57% in Veru Inc.'s common stock as of December 31, 2024.
Summary
- Adage Capital Management, L.P. (ACM), along with Robert Atchinson and Phillip Gross, collectively reported beneficial ownership of 2,300,000 shares of Veru Inc. Common Stock.
- This ownership represents 1.57% of Veru Inc.'s outstanding common stock.
- The percentage is calculated based on 146,383,920 shares of Common Stock outstanding as of December 12, 2024, as reported in Veru Inc.'s Annual Report on Form 10-K.
- Adage Capital Partners GP, L.L.C. is no longer a beneficial owner of securities held by ACP, reporting 0 shares.
- The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously filed statement.
Sentiment
Score: 5
Explanation: This is a routine beneficial ownership disclosure (Schedule 13G/A) and does not contain information that would typically influence sentiment positively or negatively. It merely updates the public record on an institutional investor's stake.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by an institutional investor, Adage Capital Management, L.P., regarding its passive ownership stake in Veru Inc. It does not provide specific insights into broader industry trends or competitive positioning beyond the fact that a notable investment firm holds a position in the company.
Stakeholder Impact
- Shareholders: Provides transparency regarding the ownership structure and the holdings of a significant institutional investor.
Key Dates
| Date | Description |
|---|---|
| 2024-12-12 | Date as of which Veru Inc. reported 146,383,920 shares of Common Stock outstanding in its Annual Report on Form 10-K. |
| 2024-12-16 | Date Veru Inc. filed its Annual Report on Form 10-K for the fiscal year ended September 30, 2024. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G Amendment No. 2. |
| 2025-02-12 | Date of signing and filing of this Schedule 13G Amendment No. 2. |
Keywords
Veru Inc., Adage Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Equity Stake
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.