VerifyMe, Inc. Declares $0.15 Special Dividend Pending Merger
$VRME · VerifyMe, Inc.Research Summary
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VerifyMe, Inc. Declares $0.15 Special Dividend Pending Merger
What Happened
VerifyMe, Inc. announced on September 18, 2026 (via an 8-K and attached press release) that its Board declared a special cash dividend of $0.15 per share. The Dividend is payable pro rata to holders of VerifyMe common stock and to holders of the Series B Convertible Preferred Stock on an as‑converted basis, but payment is conditioned on the closing of the previously announced proposed merger with Open World Ltd.
Key Details
- Special cash dividend: $0.15 per share.
- Record date: holders of record as of close of business on September 29, 2026.
- Expected payment date: October 2, 2026 (subject to merger closing).
- Condition: Dividend only payable if the merger with Open World Ltd. closes; merger remains subject to stockholder approval and other closing conditions.
- Press release attached as Exhibit 99.1 to the 8-K.
Why It Matters
For investors, this is a one-time cash distribution tied directly to the completion of the proposed merger. If the merger closes and you are a stockholder of record by the September 29, 2026 date, you would receive $0.15 per share on October 2, 2026; if the merger does not close, the Dividend will not be paid. This filing signals management’s plan for a shareholder payout in connection with the transaction and highlights that the merger’s closing remains a key event for realizing that cash benefit.