secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001214659-24-020448
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465924020448/0001214659-24-020448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465924020448/p12122468k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-020448

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