Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
VerifyMe, Inc. completed an acquisition involving Trust Codes Limited for approximately $1,000,000 (closed 2023-03-01).
- Action
- acquisition
- Counterparty
- Trust Codes Limited
- Consideration
- approximately $1,000,000
- Closing
- 2023-03-01
Exact text from the filing
On March 1, 2023, VerifyMe, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Agreement”) effective as of February 28, 2023 (the “Effective Date”) by and among the Company, Trust Codes Global Limited, a New Zealand limited liability company and wholly owned subsidiary of the Company (“Trust Codes Global”), Trust Codes Limited, a New Zealand limited liability company (“Trust Codes” or “Seller”) and Signum Holdings Limited (“Seller’s Parent”). Pursuant to the terms of the Agreement Trust Codes Global agreed to purchase from Trust Codes and Trust Codes agreed to sell to Trust Codes Global substantially all of the assets of Trust Codes and certain specified liabilities (the “Transaction”). The Transaction closed simultaneously with the execution of the Agreement on March 1 , 2023 (the “Closing”). The total consideration paid to the Seller at Closing in connection with the Transaction was approximately $1,000,000, which consisted of approximately $350,000 in cash (the “Cas
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
VerifyMe, Inc. entered into Asset Purchase Agreement with Trust Codes Limited and Signum Holdings Limited valued at approximately $1,000,000 (effective 2023-02-28).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Trust Codes Limited and Signum Holdings Limited
- Value
- approximately $1,000,000
- Effective
- 2023-02-28
Exact text from the filing
On March 1, 2023, VerifyMe, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Agreement”) effective as of February 28, 2023 (the “Effective Date”) by and among the Company, Trust Codes Global Limited, a New Zealand limited liability company and wholly owned subsidiary of the Company (“Trust Codes Global”), Trust Codes Limited, a New Zealand limited liability company (“Trust Codes” or “Seller”) and Signum Holdings Limited (“Seller’s Parent”).
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