VerifyMe Files OpenWorld Financials: Pro Forma Combined Revenue $52M, Net Loss $24M
VRME sits 51% above its 52-week low of $0.59.
Summary
VerifyMe filed OpenWorld's audited and unaudited financials plus pro forma combined statements, revealing $35.7M in 2025 revenue, a $20.2M net loss, and a combined company pro forma net loss of $24.3M.
Updates
· SEC 425 — The 425 filing includes audited OpenWorld financials for 2025 and 2024, unaudited H1 2026 financials, and pro forma combined information for the six months ended June 30, 2026.
Key Events · M&A and Partnerships · VRME
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OpenWorld FY2025 Financials Disclosed
OpenWorld reported $35.7M in revenue for 2025 but a $20.2M net loss, including $35.4M in non-cash fair value losses on crypto assets and receivables.
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Pro Forma Combined Results Show Losses
Pro forma combined revenue was $52.1M for 2025 and $11.4M for H1 2026, with net losses of $24.3M and $6.2M respectively.
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Ownership Split Updated
Post-merger ownership is now 87.75% OpenWorld securityholders, 10% VerifyMe stockholders, and 2.25% Maxim, versus the prior 90%/10% split.
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Deal Valued at $12.7M
Purchase consideration of $12.7M based on VerifyMe's $7.95 share price on September 18, 2026, with $5.7M in goodwill.
Analysis · VRME · Crypto Assets
This 8-K delivers the first detailed look at OpenWorld's financials and the combined company's pro forma results. OpenWorld generated $35.7M in revenue in 2025 but posted a $20.2M net loss, driven largely by $35.4M in non-cash fair value losses on crypto assets and receivables. The pro forma combined company shows $52.1M in revenue for 2025 and a $24.3M net loss. The filing also updates the ownership split to 87.75% OpenWorld / 10% VerifyMe / 2.25% Maxim, and values the deal at $12.7M based on a $7.95 share price. For VerifyMe shareholders, this is the first concrete financial picture of the entity they are merging with — and it shows a business with significant revenue but heavy crypto-driven volatility and losses.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 35.7% of the 1024 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. 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 $0.89 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $13M. The 52-week trading range was $0.59 to $1.95. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.