Recent Updates — VRME
OpenWorld, Inc., formerly VerifyMe, Inc., completed a merger with Legacy OpenWorld on September 30, 2026, becoming a technology-powered digital assets and blockchain innovation company. The transaction involved a one-for-ten reverse stock split of VerifyMe's common stock prior to closing. Each ordinary share of Legacy OpenWorld converted into 1.294 shares of the combined entity at an exchange ratio of 1:77.27, resulting in approximately 13.4 million shares outstanding. Holders of Legacy OpenWorld equity received 11,686,124 shares and assumed options for 2,096,093 additional shares, owning roughly 85.48% of the fully diluted equity. Trading under ticker OPNW on Nasdaq began October 1, 2026. Approximately 76% of post-merger shares are subject to transfer restrictions releasing over a six-month period based on stock price performance or time-based vesting schedules.
VerifyMe, Inc. completed its business combination with Open World Ltd., a Cayman Islands exempted company, effective October 1, 2026. The combined entity has changed its name to OpenWorld, Inc. and its common stock began trading on the NASDAQ Capital Market under the new ticker symbol “OPNW” at market open on that date. Matthew Shaw serves as Chairman and Chief Executive Officer of the merged company. VerifyMe operates in the logistics sector for time- and temperature-sensitive products, providing brand protection and enhancement solutions.
VerifyMe, Inc. completed a merger with Open World Ltd., resulting in the company changing its name to OpenWorld, Inc. and shifting its business focus to enterprise blockchain initiatives and digital assets. The transaction involved a one-for-ten reverse stock split and an exchange ratio of 1:77.27 for Legacy OpenWorld shareholders. Concurrently, the Board declared a special cash dividend of $15.00 per share (adjusted from $1.50 pre-split), payable on October 2, 2026, to holders of record as of September 29, 2026. The company's ticker symbol will change to OPNW on Nasdaq effective October 1, 2026. OpenWorld operates in the technology sector, specifically focusing on digital assets and blockchain innovation.
VerifyMe, Inc. filed this Current Report to provide pro forma financial information regarding its proposed merger with Open World Ltd., which was announced on February 11, 2026. The filing includes audited consolidated financial statements for Open World for the years ended December 31, 2025 and 2024, as well as unaudited condensed consolidated financial statements for the three and six months ended June 30, 2026. Additionally, it contains unaudited pro forma combined financial information for VerifyMe and Open World. The merger agreement was approved by VerifyMe stockholders at an annual meeting held on September 24, 2026. VerifyMe operates in the identity verification and digital trust industry.
VerifyMe, Inc. filed a Certificate of Amendment with the Nevada Secretary of State to effect a reverse stock split of its common stock at a ratio of 1-for-10, effective September 29, 2026. Every ten shares will combine into one share, with fractional shares rounded up to the nearest whole share and no cash paid for fractions. The company also disclosed that a special cash dividend declared on September 18, 2026, at $0.15 per share is conditioned on the closing of its proposed merger with Open World Ltd.; if the merger closes after the split takes effect, the dividend will be adjusted to $1.50 per share. VerifyMe operates in the authentication and precision logistics technology industry.