VerifyMe Sets 1-for-10 Reverse Split Effective Sept 29; Dividend Adjusted to $1.50
VRME sits 82% above its 52-week low of $0.59 on elevated volume (5.1× avg).
Summary
VerifyMe announced a 1-for-10 reverse stock split effective September 29, 2026, and adjusted its special dividend to $1.50 per share post-split. The reverse split will take effect at 12:01 a.m. ET on September 29, 2026, with the new CUSIP number 92346X305 and par value remaining $0.001.
Updated with a BusinessWire report · What changed
Updates
· BusinessWire — The reverse split will take effect at 12:01 a.m. ET on September 29, 2026, with the new CUSIP number 92346X305 and par value remaining $0.001.
Key Events · Corporate Governance and Compliance · VRME
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Updated · · BusinessWire
1-for-10 Reverse Split Effective Sept 29
Every 10 shares of common stock will combine into 1 share, effective 12:01 a.m. ET on September 29, 2026. Trading on a post-split basis begins at market open that day under symbol VRME. The new CUSIP number is 92346X305 and par value remains $0.001.
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Special Dividend Adjusted to $1.50
The $0.15 per share special dividend declared September 18 is adjusted to $1.50 per share post-split, preserving the total payout value. Payment remains conditioned on closing the OpenWorld merger.
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Nasdaq Compliance Effort
The reverse split is part of VerifyMe's effort to regain Nasdaq listing compliance after receiving a delisting notice disclosed in the August 14 10-Q.
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Authorized Shares Unchanged
The reverse split does not reduce the 675 million authorized common shares. Fractional shares are rounded up to the next whole share.
Analysis · VRME · Crypto Assets
The terms of the reverse stock split are now final: a 1-for-10 ratio, effective September 29, 2026. This move is part of the company's effort to regain Nasdaq compliance after receiving a delisting notice. The special dividend declared on September 18 is adjusted to $1.50 per share post-split, preserving the total payout value. The reverse split reduces the share count tenfold, which will mechanically raise the per-share price but does not change ownership percentages or authorized share totals. The reverse split will take effect at 12:01 a.m. ET on September 29, 2026, with the new CUSIP number 92346X305 and par value remaining $0.001.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 29% of the 1635 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. 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 $1.08 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $15.4M. The 52-week trading range was $0.59 to $1.95. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.