secwatch.observer — SEC 8-K summary
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Issuer:     VerifyMe, Inc. (VRME)
CIK:        0001104038
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001214659-26-001529
Event type: m_and_a
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 1.02, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VerifyMe to merge with Open World; pre-merger shareholders retain ~10% of post-close entity
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- Reverse merger: Open World holders receive ~90% of combined common stock; VRME holders retain ~10%.
- CEO Adam Stedham to resign post-close, become President of Precision Logistics; Jennifer Cola stays CFO.
- ATM program with Roth Capital terminated; no shares ever sold under $15.8M facility.
- Accelerated vesting of 550K+ unvested performance RSUs for Stedham, Cola, Volk, Meyers upon merger close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104038/000121465926001529/0001214659-26-001529-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104038/000121465926001529/z2112608k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-26-001529

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