VerifyMe, Inc. (VRME) Form 424B3 — Sep 17, 2026
VerifyMe filed Prospectus Supplement No. 1 to the proxy statement/prospectus for its pending merger with Open World Ltd., disclosing that Open World delivered notice on September 14, 2026 of its intent to terminate the July 24, 2026 GEM Share Purchase Agreement with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited, effective September 19, 2026. If the termination takes effect, the combined company will not have access to the up to $50.0 million equity financing facility that was to run for 36 months after the public listing, and it will not issue the GEM Warrant, the Underlying Warrant Shares, or any shares in payment of the $1.0 million commitment fee.
Key figures
- Gem Spa Date
- 2026-07-24
- Commitment Fee
- $1.0 million
- S4 Effective Date
- 2026-08-12
- Merger Agreement Date
- 2026-02-11
- Termination Notice Date
- 2026-09-14
- Termination Effective Date
- 2026-09-19
- Gem Equity Financing Capacity
- $50.0 million (up to, over 36 months from Public Listing Date)
AI analysis
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