VerifyMe, Inc. reported financial results for the second quarter ended June 30, 2026. Quarterly revenue declined 58% to $1.9 million from $4.5 million in Q2 2025, primarily due to the loss of ProActive services revenue following a carrier partnership termination. Gross profit fell to $1.0 million with an improved margin of 54%, compared to $1.6 million at 35% in the prior year period. The company reported a net loss of $0.5 million, or $0.04 per diluted share, versus a $0.3 million loss previously. Adjusted EBITDA was flat at $0.0 million. As of June 30, 2026, the company held $5.1 million in cash and $4.7 million in working capital. VerifyMe operates in the logistics industry, providing time-sensitive shipping solutions and brand protection services.

VerifyMe, Inc., VRME Subsidiary Corp., and Open World Ltd. entered into a Third Amendment to their Agreement and Plan of Merger on August 10, 2026. This amendment extends the outside date for the proposed merger from August 31, 2026, to October 31, 2026. The transaction involves VRME Subsidiary Corp. merging with and into Open World Ltd., after which Open World will become a wholly-owned subsidiary of VerifyMe. This company operates in the identity verification and fraud prevention industry.

On June 4, 2026, VerifyMe, Inc. and Open World Ltd. entered into a second amendment to their Merger Agreement. The amendment revised the definition of Fully Diluted Company Shares to include Open World ordinary shares issuable under existing agreements to issue equity interests. VerifyMe, Inc. provides identity verification and compliance services.