OpenWorld (NASDAQ: OPNW) provided preliminary third-quarter 2026 financial estimates, including an expected GAAP net loss of approximately $10.0 million. For the quarter ended September 30, revenue is expected at $6.9 million–$7.2 million, gross margin at 80%–82%, and adjusted EBITDA, a non-GAAP earnings measure, at $1.7 million–$2.0 million. The loss includes $5.9 million in nonrecurring stock-based compensation and $6.0 million in merger-related transaction fees.
Quarterly operating results cover historical OpenWorld operations rather than VerifyMe; the September 30 balance sheet will reflect both entities following their completed reverse takeover that day. Gerard Hernandez, previously Chief Accounting Officer, became CFO effective October 23, 2026. The estimates are unaudited, closing procedures remain incomplete, and actual results may differ materially.
OpenWorld (OPNW) expects its planned dual listing on Figure OPEN to go live in the fourth quarter of 2026. Stockholders approved amended articles on October 16 authorizing 500,000,000 Blockchain Common Stock shares. The planned listing will offer a blockchain version of existing shares alongside Nasdaq trading, with no new shares, dilution or capital raised. The blockchain shares are designed for real-time settlement and around-the-clock trading.
The authorization does not increase outstanding shares. The amended articles become effective upon filing in Nevada after the applicable notice period following mailing of the definitive information statement, expected to begin October 26, 2026. OpenWorld remains subject to the same SEC reporting requirements, governance standards and investor protections. Instructions for accessing blockchain shares will follow.
OpenWorld (NASDAQ: OPNW) signed a definitive merger agreement to acquire Blocksight as the planned operating foundation for its tokenized financing programs.
After closing, OpenWorld intends to integrate Blocksight’s AI agents into OpenWorld Enterprise to support deal structuring, asset verification, investor onboarding, reporting and servicing, with human approval at key decisions. The programs include a proposed up to $130 million intellectual property-backed transaction with BeyondAI and an up to $1 billion solar-powered AI computing program with Meridian. Both term sheets are non-binding except for expressly binding provisions; due diligence and definitive agreements remain pending. Meridian’s initial deployment is planned for 10,000 homes, with initial installations scheduled for the fourth quarter of 2026 and the first commercial site targeted for the first quarter of 2027. The Blocksight acquisition has not closed.
OpenWorld (NASDAQ: OPNW) signed a definitive merger agreement to acquire Blocksight as the planned operating foundation for its tokenized financing programs. After closing, OpenWorld intends to integrate Blocksight’s AI agents into OpenWorld Enterprise to automate financing workflows, with human approval at key decisions.
The programs include a proposed up to $130 million intellectual property-backed transaction with BeyondAI and an up to $1 billion solar-powered AI computing financing program with Meridian. Both term sheets are non-binding except for expressly binding provisions and remain subject to due diligence and definitive documentation. Meridian’s initial deployment is planned for 10,000 homes; installations are scheduled to begin in the fourth quarter of 2026, with the first commercial site targeted for the first quarter of 2027. The Blocksight acquisition remains subject to customary closing conditions.
OpenWorld (OPNW) signed a non-binding term sheet with Meridian for a tokenized financing program of up to $1 billion.
The proposed program would fund a distributed AI computing network powered by on-site solar energy and residential battery storage. OpenWorld would advise, structure and administer financing through OpenWorld Enterprise, which would also orchestrate the network and report on assets. Meridian holds purchase rights to Tesla Powerwall systems and would own the storage assets; OpenWorld or a subsidiary would purchase solar panels and computing equipment.
Initial deployment is planned for 10,000 homes. Test installations are scheduled for Q4 2026, with the first commercial site targeted for Q1 2027. AI providers would pay to use the capacity. The transaction remains subject to confirmatory due diligence, definitive documentation and applicable conditions.
OpenWorld (OPNW) entered into a non-binding term sheet with BeyondAI for a proposed intellectual property-backed transaction of up to $130 million. The proposed structure would issue digital tokens representing investors’ rights to payments backed by eligible BeyondAI patents and software rights.
OpenWorld would provide transaction structuring, implementation, tokenization, technology integration, reporting infrastructure and operational services through its OpenWorld Enterprise platform. The arrangement is intended as financing backed by eligible rights, rather than a sale of BeyondAI’s technology; BeyondAI would retain control of its technology.
The term sheet is non-binding except for provisions expressly designated binding. The transaction remains subject to definitive documentation and applicable conditions. Its final compliant structure would be defined in the definitive agreement at closing.
OpenWorld (OPNW) completed its business combination with VerifyMe, bringing its real-world asset tokenization business into the combined publicly traded company.
The combined company changes its name to OpenWorld effective October 1, 2026. Its common stock is expected to begin trading on NASDAQ under OPNW at market open that day. OpenWorld intends to pursue a dual listing on Figure OPEN, a blockchain-based trading platform, which it expects to have live by November 2026. Matthew Shaw leads the combined company as Chairman and Chief Executive Officer, with Russ McMeekin as Group President. OpenWorld develops infrastructure to turn business and physical-asset cash flows into blockchain-based financial products for institutional investors.
OpenWorld (NASDAQ: OPNW) intends to acquire Blocksight to support development of its institutional platform for tokenized real-world assets. Blocksight builds artificial-intelligence agents designed to bring assets onto blockchains and provide ongoing investor reporting. OpenWorld expects the proposed acquisition to support OpenWorld Enterprise, which remains under development.
The transaction requires final board approval, definitive documentation and satisfaction or waiver of the conditions in that documentation. Completion is not assured. If completed, Blocksight co-founders Patrick Kim and Peter Hong are expected to join OpenWorld and support technology integration. The announcement follows OpenWorld’s completed business combination with VerifyMe; the combined company was renamed OpenWorld, and its common stock began trading on The Nasdaq Capital Market on October 1, 2026 under OPNW.
OpenWorld (OPNW) completed its business combination with VerifyMe (VRME), bringing its real-world asset tokenization business into the combined public company.
The combined company changes its name to OpenWorld effective October 1, 2026. Its common stock is expected to begin trading on NASDAQ as OPNW at market open that day. OpenWorld also intends to pursue a dual listing on Figure OPEN, a blockchain-based trading platform, which it expects to have live by November 2026. Matthew Shaw leads the company as Chairman and Chief Executive Officer, with Russ McMeekin as Group President. OpenWorld Enterprise supports the development, issuance and distribution of tokenized real-world assets—assets represented on a blockchain—for institutional investors.