VerifyMe Completes OpenWorld Reverse Merger, Becomes OpenWorld Inc. Trading as OPNW
VRME sits 49% above its 52-week low of $5.9 on light trading volume (0.4× avg).
Summary
VerifyMe completed its reverse merger with OpenWorld on September 30, 2026, becoming OpenWorld, Inc. (Nasdaq: OPNW). Legacy OpenWorld holders own ~85% of the combined company, a $1.50/share special dividend is payable October 2, and ~76% of post-merger shares are locked up for up to 180 days.
Key Events · M&A and Partnerships · VRME
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Reverse Merger Closes
The merger with OpenWorld closed on September 30, 2026 at 11:00 a.m. ET. Legacy OpenWorld securityholders received 11,621,124 shares, representing 85.48% of fully diluted equity, while VerifyMe holders retained 1,425,154 shares, or approximately 10%.
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Post-Merger Share Structure
Immediately after the merger, 13,407,360 shares were issued and outstanding, with 16,048,110 shares on a fully diluted basis, including 2,096,093 assumed options and 100,000 warrants.
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Company Renamed, New Ticker
Effective October 1, 2026, the company will be renamed from VerifyMe, Inc. to OpenWorld, Inc., and its common stock will trade on Nasdaq under the ticker OPNW (CUSIP 92346X305).
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Special Dividend Payable
A special cash dividend of $1.50 per share (post-split) has been declared, payable on October 2, 2026 to stockholders of record as of September 29, 2026.
Analysis · VRME · Crypto Assets
The reverse merger with blockchain firm OpenWorld closed on September 30, 2026, transforming VerifyMe into a digital assets and blockchain company. Legacy OpenWorld securityholders now control approximately 85.48% of the fully diluted equity, with 13.4 million shares outstanding post-merger. The company renamed to OpenWorld, Inc. and will trade under ticker OPNW on Nasdaq starting October 1. A $1.50 per share special dividend is payable October 2 to holders of record September 29. Approximately 76% of post-merger shares are subject to staggered transfer restrictions over 180 days, which will create a significant overhang as those restrictions release. The new board is led by Matthew Shaw as CEO and Chairman, with a reconstituted five-member board and new executive team. This is a thesis-altering event — the company's business, leadership, capital structure, and ticker all change simultaneously.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 41.9% of the 322 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.38%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, VRME was trading at $8.81 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $11.8M. The 52-week trading range was $5.90 to $19.50. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.