---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-24-020448"
form_type: "8-K"
ticker: "VRME"
cik: "0001104038"
company_name: "VerifyMe, Inc."
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T03:51:34.031690+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# VerifyMe sells Trust Codes Global for NZD $1 to former EVP Paul Ryan

## Summary
- Sold 100% of subsidiary Trust Codes Global Limited for aggregate cash consideration of approximately NZD $1.
- Buyer Paul Ryan, former EVP Authentication Segment, assumed all continuing obligations and liabilities of TCGL.
- Pro forma FY2023 net loss improves from -$3.39M to -$2.56M after removing TCGL's $314K revenue and expenses.
- Pro forma nine-month 2024 net loss improves from -$3.32M to -$1.54M after removing TCGL's $241K revenue.

## SEC filing metadata
- accession: 0001214659-24-020448
- form_type: 8-K
- ticker: VRME
- cik: 0001104038
- company_name: VerifyMe, Inc.
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104038/000121465924020448/0001214659-24-020448-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104038/000121465924020448/p12122468k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-24-020448
- JSON: https://secwatch.observer/filing/0001214659-24-020448.json
- Plain text: https://secwatch.observer/filing/0001214659-24-020448.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.