secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2024-12-27T23:59:59+00:00
Accession:  0001214659-24-021074
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

VerifyMe receives Nasdaq delisting notice for bid price below $1.00
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- Nasdaq notified VerifyMe (VRME) that its common stock bid price closed below $1.00 for 30 consecutive business days, violating Listing Rule 5550(a)(2).
- Company has until June 25, 2025 to regain compliance by maintaining a closing bid price of $1.00+ for at least 10 consecutive business days.
- If not compliant by June 25, 2025, VerifyMe may qualify for a second 180-day period if it meets other listing requirements.
- Failure to cure could result in delisting, with the right to appeal to a Nasdaq hearings panel.
- No immediate effect on listing; company is monitoring bid price and evaluating options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465924021074/0001214659-24-021074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465924021074/o12272408k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-24-021074

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