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VerifyMe outlines OpenWorld merger, blockchain stock plan
VerifyMe details a conditional Blockchain Common Stock class to enable future trading of the post-merger company’s equity on Figure’s OPEN network alongside its Nasdaq listing.
Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
425
Rhea-AI Filing Summary
VerifyMe, Inc. (VRME) outlined how proposed charter amendments tied to its pending merger with Open World Ltd. would enable the combined company’s equity to trade both on Nasdaq and on Figure’s On-chain Public Equity Network (“OPEN”). VerifyMe stockholders of record as of August 7, 2026 may vote at the virtual annual meeting on September 24, 2026 on the merger share issuance and on a “Blockchain Common Stock” class that is conditioned on the merger closing. The Blockchain Common Stock Proposal would not change shares owned at closing, and no Blockchain Common Stock would be issued at that time; it would only authorize the ability to make existing common stock available in blockchain form on Figure OPEN in the future, subject to further board action and regulatory and trading venue requirements. If the merger and related proposals are approved and customary conditions are met, the combined company is expected to operate as OpenWorld, Inc. and trade under the ticker “OPNW,” while pursuing a dual presence on Nasdaq and Figure OPEN.
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- None.
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Source: www.stocktitan.net