Company Description
VerifyMe, Inc. (NASDAQ: VRME) is a traceability and customer support services provider that focuses on specialized logistics and brand protection technologies. According to company disclosures, VerifyMe, together with its subsidiaries PeriShip Global and Trust Codes Global, uses specialized software and process technology to support customers that ship time‑ and temperature‑sensitive products and that require item‑level traceability, authentication, anti‑diversion and anti‑counterfeit protection, and data‑rich brand enhancement services.
The company operates through two primary segments: a Precision Logistics Segment and an Authentication Segment. Through its Precision Logistics segment, VerifyMe provides specialized logistics for time‑ and temperature‑sensitive products. Public filings and press releases describe this segment as offering proactive monitoring, weather tracking, shipment tracking, and customer services for time‑sensitive and perishable shipments. Within this segment, VerifyMe has described different service levels, including Proactive services and Premium services, which relate to how shipments are monitored and supported.
In its Authentication segment, VerifyMe offers item‑level traceability and authentication capabilities that support brand owners in deterring counterfeit and diversion activities and in enhancing brand engagement. The company’s disclosures state that it provides anti‑diversion and anti‑counterfeit protection and brand protection and enhancement technology solutions, supported by data‑rich services. These offerings are aimed at helping brand owners better understand their supply chains and protect the integrity of their products.
VerifyMe has indicated that it serves customers worldwide and that it is a publicly traded company on Nasdaq under the symbol VRME. The company has also reported that it generates a majority of its revenue from the Precision Logistics segment. In recent financial communications, VerifyMe has described itself as providing brand owners with time and temperature sensitive logistics, as well as brand protection and enhancement solutions, and has highlighted ongoing technical improvements in its Precision Logistics segment and continued investment in its Authentication segment.
Company disclosures also note that VerifyMe’s Precision Logistics business includes PeriShip, which is described as a logistics partner for companies shipping perishable and time‑sensitive goods. PeriShip’s public materials, as referenced in news releases issued by VerifyMe, emphasize real‑time shipment monitoring, weather tracking, proactive issue resolution, and support tailored for perishable and time‑sensitive products. These services are positioned to help businesses manage complex shipping challenges, particularly during peak seasons and in the presence of extreme weather and carrier capacity constraints.
VerifyMe has reported that its Precision Logistics segment has historically relied on relationships with major parcel carriers. In company communications, VerifyMe has discussed Proactive and Premium service offerings for customers using a large parcel carrier, and has described a transition in which Proactive services for that carrier’s customers would cease while Premium services would continue. At the same time, VerifyMe has disclosed entering into agreements that provide access to designated services of another major parcel carrier at promotional rates, in connection with specialized logistics management services for time‑sensitive and perishable shipments, including proactive monitoring, weather tracking, and issue resolution through digital channel program applications.
In addition to its operating segments, VerifyMe has disclosed activities related to capital allocation and financing. For example, the company has reported entering into a master loan agreement and promissory note with a borrower under which VerifyMe agreed to lend up to a specified amount in exchange for regular quarterly interest payments. The company has also described using non‑GAAP financial measures such as EBITDA and Adjusted EBITDA to evaluate its operating performance, and has provided reconciliations to net loss in its earnings releases.
VerifyMe’s public filings include risk factor discussions referencing its reliance on a key strategic partner for shipping services in the Precision Logistics segment, competition (including from that partner), seasonal trends, severe climate conditions, and the highly competitive nature of the industry in which it operates. The company has also cited risks related to brand and corporate reputation, impairments of goodwill and other intangible assets, macroeconomic conditions, global supply‑chain delays or shortages, fluctuations in labor and raw material costs, and its history of losses. Additional risks noted include technology performance, the ability of strategic partners to integrate VerifyMe’s solutions into their offerings, and the company’s ability to comply with Nasdaq Capital Market continued listing standards.
In December 2025, VerifyMe reported that it received a notice from the Nasdaq Stock Market indicating that, based on the closing bid price of its common stock for the last 30 consecutive business days, the company no longer met the minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2). The notice provided a 180‑day compliance period in which to regain compliance by maintaining a closing bid price of at least $1 per share for a minimum of 10 consecutive business days. VerifyMe disclosed that the notification had no immediate effect on the listing of its common stock and that it intended to monitor the closing bid price and consider available options.
In early 2026, VerifyMe and Open World Ltd. announced that they had entered into a letter of intent to complete a strategic merger. Public news releases describe VerifyMe as a publicly traded provider of precision logistics and brand protection technologies and Open World as a strategic partner behind many Web3 ecosystem launches, focused on real‑world asset tokenization and enterprise‑grade blockchain applications. According to these announcements, upon closing, the combined company is expected to be publicly traded on Nasdaq under a new ticker symbol, with Open World shareholders expected to own a substantial majority of the combined company and VerifyMe stockholders expected to own a minority stake. The parties stated that there can be no assurances that a definitive merger agreement will be executed or that the merger or any special dividend will occur.
Through its SEC filings, VerifyMe has also disclosed corporate governance matters, including annual meetings of stockholders, election of directors, advisory votes on executive compensation, ratification of its independent registered public accounting firm, and amendments to its bylaws. One such amendment reduced the quorum requirement for stockholder meetings from a majority of shares entitled to vote to one‑third of the shares entitled to vote. The company has also reported changes in executive roles, such as the appointment of a new Chief Financial Officer following the retirement of a prior executive, and has noted that such changes were not due to disagreements on accounting or financial policies.
Investors researching VRME stock can review VerifyMe’s periodic financial results, risk factor disclosures, and descriptions of its Precision Logistics and Authentication segments in its SEC filings and press releases. These materials provide detail on how the company describes its operations, the role of its subsidiaries, its relationships with major parcel carriers, and its stated focus on specialized logistics, traceability, authentication, and brand protection and enhancement services.