Verifyme Inc Stock Price, News & Analysis

VerifyMe (NASDAQ: VRME) announced an initial purchase order for 2 million anti-counterfeiting labels to ensure track and trace for surgical gloves amid the ongoing Covid-19 pandemic. This order marks the first under its partnership with Renavotio (OTC: RIII), emphasizing the urgency to combat counterfeit PPE. The tamper-evident labels feature multiple technologies aimed at brand protection. VerifyMe's technology will help Renavotio build trust with its clients, as highlighted by CEO Patrick White. The press release underscores the critical need for genuine PPE solutions.

VerifyMe, Inc. (NASDAQ: VRME) announced the sale of an additional 100,000 shares at $5.30 each, raising a total of $530,000 in gross proceeds. This sale is part of a larger offering of 1,650,000 shares, following the partial exercise of an underwriters’ over-allotment option. The transaction is being managed by Maxim Group LLC and Joseph Gunnar & Co., LLC. The company continues to explore opportunities in brand protection technology, specializing in counterfeiting prevention and authentication.

VerifyMe (NASDAQ: VRME) has entered into a supply agreement with INX International Ink Company to develop inks integrating VerifyMe's RainbowSecure marking technology. These inks will serve various industries, including beverage packaging and medical equipment. Collaborative testing has shown effectiveness in combating counterfeiting for a major beverage brand. The new ink solutions are anticipated to be available by Q2 2021, expanding VerifyMe's market opportunities.

VerifyMe (NASDAQ: VRME) has entered an underwriting agreement with Maxim Group LLC for a public offering of 1,650,000 shares at $5.30 each, aiming to raise approximately $8.75 million. The offering includes a 45-day option for underwriters to purchase an additional 247,500 shares. This move signifies the company’s strategy to enhance its brand protection technology services. The offering is expected to close on February 12, 2021, subject to customary conditions.

Renavotio has announced a partnership with VerifyMe to enhance its personal protective equipment (PPE) with anti-counterfeiting technology. This collaboration allows Renavotio to market and distribute VerifyMe's products, addressing the growing counterfeit threat in the PPE market. CEO Billy Robinson highlighted the urgency of this partnership due to increased counterfeit incidents in the industry. The technology enables real-time verification of product authenticity, targeting both U.S. and global markets for immediate rollout. VerifyMe's secure solutions aim to boost consumer trust and protect against fraud.

Renavotio, Inc. (OTCQB:RIII) announced a new Marketing and Distribution Agreement with VerifyMe, Inc. (NASDAQ:VRME) to enhance its personal protective equipment (PPE) offerings. The partnership will focus on integrating VerifyMe's anti-counterfeiting technology, addressing the significant issue of counterfeit PPE products amid soaring demand. Renavotio aims to provide verified authenticity for its PPE items, including masks and gloves. This collaboration is expected to drive potential revenue growth and improve consumer protection against counterfeit goods in both U.S. and global markets.

VerifyMe (NASDAQ: VRME) has recently gained media attention due to the growing counterfeit risks associated with e-commerce. With 2020 online holiday sales projected to reach $173 billion, the company emphasizes the importance of its security authentication technologies. CEO Keith Goldstein warns that consumers may inadvertently contribute to counterfeiting by seeking cheaper online deals. VerifyMe's technology provides a track-and-trace solution to authenticate products throughout the supply chain.

VerifyMe, Inc. (NASDAQ: VRME) announced its collaboration with HP Indigo at the Asia Security Group Virtual High Security Printing & Brand Protection Conference on December 16-17, 2020. The conference aims to address challenges faced by brand owners in combating counterfeiting in a post-COVID-19 landscape. VerifyMe's RainbowSecure solution, which utilizes invisible security inks, will be showcased in partnership with HP Indigo. This collaboration aims to enhance anti-counterfeiting efforts through advanced technologies, helping brand owners protect their products in a changing market.

VerifyMe (NASDAQ: VRME) announced its participation in the 13th annual LD Micro Main Event on December 15, 2020, at 9:20 AM EST. CEO Patrick White will present live to a virtual audience. This event features a new format with 10-minute presentations followed by Q&A sessions with investors and analysts, aiming to enhance engagement. The conference occurs on December 14-15 on the Sequire Virtual Events platform. VerifyMe specializes in brand protection through counterfeit prevention and authentication technologies.