secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2023-08-28T23:59:59+00:00
Accession:  0001214659-23-011723
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VerifyMe raises $1.1M via 8% convertible notes led by CEO and board
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- Convertible notes aggregate principal $1.1M, 8% interest, mature Aug 25, 2026.
- Conversion price $1.15 per share, equal to prior day's Nasdaq close.
- CEO Adam Stedham, Chairman Scott Greenberg, and directors lead insider participation.
- Net proceeds for general corporate purposes; notes are unsecured and subordinated.
- Notes sold in private placement exempt from registration; no redemption by company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465923011723/0001214659-23-011723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465923011723/o8252308k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-011723

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer