VerifyMe raises $4.7M via warrant exercise inducement; issues new warrants at $4.00

VerifyMe, Inc.

Gross proceeds ~$4.7M from immediate cash exercise of 1,461,896 existing warrants at $3.215/share.
New unregistered warrant for 1,461,896 shares at $4.00 exercise price, 5.5-year term, immediately exercisable.
Closing expected Jan 15, 2025; Maxim Group acted as exclusive financial advisor (6% cash fee).
Company to file resale registration statement for new warrant shares within 45 days of inducement date.
Existing warrants were originally issued on April 14, 2022 with a $3.215 exercise price.

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