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VerifyMe and Open World Merger Registration Statement Declared Effective
VerifyMe and Open World announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form S-4 filed by VerifyMe in connection with the previously announced proposed business combination between VerifyMe and OpenWorld.
Company Reports Q2 Revenue of $1.9M
Reports Q2 revenue $1.9M…
VerifyMe Reports Q1 Revenue of $1.772M
Reports Q1 revenue $1.772M vs $4.455M last year. Adam Stedham, VerifyMe's CEO and President stated, "During Q1 of 2026, we fully implemented ProActive services and continued to transition ProActive customers from using our legacy shipping partner to using our new strategic shipping partner. We also transitioned key Premium customers to our Direct Premium model, allowing us to continue servicing these customers as they continue to ship with our legacy partner. In addition, we are in the final stages of integrating our technology with our new partner to begin offering our Premium services in Q2 of 2026. We believe our financial performance in Q1 of 2026 demonstrates the scalability of our model as we achieved improved gross profit margins despite lower revenues. We are now focused on completing our integrations and growing our revenues by both transitioning legacy customers and adding new customers."
VerifyMe Q4 Revenue Drops to $2.4M
Reports Q4 revenue $2.4M vs. $7.7M last year. Adam Stedham, VerifyMe's CEO and President stated, "In Q4 of 2025, VerifyMe began the process of transitioning ProActive clients from using our previous shipping partner to our new strategic shipping partner. During the fourth quarter of a year, companies are typically hesitant to change shipping partners, due to capacity constraints of the overall shipping industry. We successfully transitioned a portion of our customers, and we continue to transition customers in 2026. We are excited about our relationship with our new shipping partner and the services we are able to offer both legacy and new customers."
VerifyMe and Open World Sign Merger Agreement
VerifyMe and Open World announced the execution of an agreement and plan of merger. The combined entity is expected to focus on token listings, regulated digital asset infrastructure, enterprise-grade compliance frameworks and institutional RWA tokenization across multiple jurisdictions. Upon closing, the merger is expected to result in the combined company being listed on Nasdaq under a new ticker symbol, subject to satisfying certain customary closing conditions, including the receipt of approvals from VerifyMe's shareholders and the listing of the combined company's common stock on Nasdaq. The boards of both companies have unanimously approved the signing of the agreement. Regulatory filings with the SEC and Nasdaq, as well as shareholder approvals, are anticipated by the second quarter of 2026, subject to customary conditions and review processes. Additional details regarding transaction structure and timing are expected to be disclosed in future filings. The agreement contains customary representations, warranties and covenants made by VerifyMe and Open World, including covenants that both parties exercise commercially reasonable efforts to cause the transactions contemplated by the agreement to be completed, indemnification of directors and officers, and restrictions on VerifyMe's and Open World's conduct of their respective businesses between the date of signing of the agreement and the closing. VerifyMe's board of directors has approved the termination of its at-the-market equity program, aligning capital structure considerations with the proposed transaction and long-term strategic priorities.
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