VerifyMe Details Blockchain Common Stock Proposal Ahead of Sept 24 Merger Vote
VRME is trading near its 52-week low of $0.59 (2.6% above the low) on elevated volume (2.5× avg).
Summary
New details were provided on the Blockchain Common Stock Proposal that would enable the post-merger company's equity to trade on Figure OPEN alongside Nasdaq, with no blockchain shares issued at closing.
Key Events · M&A and Partnerships · VRME
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Blockchain Common Stock Proposal Detailed
Charter amendments would authorize a new class of Blockchain Common Stock to bring the combined company's equity to Figure's On-chain Public Equity Network (OPEN) alongside its Nasdaq listing.
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No Blockchain Shares at Closing
No Blockchain Common Stock would be issued when the merger closes; any future issuance requires further board action and compliance with securities laws and trading venue requirements.
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Post-Merger Identity
Combined company expected to operate as OpenWorld, Inc. and trade under ticker 'OPNW', subject to Nasdaq approval and official notice of issuance.
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Shareholder Vote September 24
VerifyMe stockholders of record as of August 7, 2026 vote at the virtual annual meeting on September 24, 2026; merger expected to close shortly after if the Share Issuance Proposal is approved.
Analysis · VRME · Crypto Assets
New specifics were disclosed on how the combined company's equity would be brought onto Figure's On-chain Public Equity Network (OPEN) alongside its Nasdaq listing. The charter amendments would authorize a new class of Blockchain Common Stock, but no such shares would be issued at closing — any future issuance requires separate board action. The combined company is expected to trade as OpenWorld, Inc. under ticker 'OPNW'. This adds material color to the reverse merger with OpenWorld, which will issue 122.7 million shares and leave current VerifyMe holders with a minority stake. The vote is set for September 24, 2026.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.2% of the 2009 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. 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 $0.61 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $8M. The 52-week trading range was $0.59 to $1.51. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.