VerifyMe warns of FedEx preferred status loss impact

VerifyMe, Inc. reports that FedEx Corporation has notified the company it will no longer be an approved FedEx preferred shipper effective September 24, 2025, and that no new preferred shipper accounts can be opened immediately.

Rhea-AI Filing Summary

VerifyMe, Inc. reports that FedEx Corporation has notified the company it will no longer be an approved FedEx preferred shipper effective September 24, 2025, and that no new preferred shipper accounts can be opened immediately. VerifyMe contested the notice but FedEx confirmed it was not sent in error.

Without preferred shipper status, VerifyMe cannot offer its Proactive services to FedEx customers, though it will continue to provide its Premium services. For the quarter ended June 30, 2025, Proactive services provided to FedEx customers made up approximately 85% of revenue and 60% of gross profits, so this change could significantly affect its business mix. The company plans to emphasize Premium offerings for FedEx customers and to offer both Proactive and Premium services through a new shipping partner.

Positive

• None.

Negative

• FedEx relationship change threatens key revenue and profit source: FedEx’s decision to end VerifyMe’s preferred shipper status means Proactive services can no longer be offered to FedEx customers, even though those services represented about 85% of revenue and 60% of gross profits for the quarter ended June 30, 2025, creating a material risk to future financial performance.

Insights

Equity and credit risk analyst

Loss of FedEx preferred status puts most of VerifyMe’s revenue at risk.

VerifyMe discloses that it will lose approved FedEx preferred shipper status on September 24, 2025. As a result, it can no longer provide its Proactive services to FedEx customers, although Premium services will continue. This is significant because Proactive services to FedEx customers accounted for about 85% of revenue and 60% of gross profits for the quarter ended June 30, 2025.

The company plans to pivot by focusing on Premium offerings for FedEx customers and by offering both Proactive and Premium services through a new shipping partner. The filing also highlights uncertainty, noting risk around its ability to provide Proactive services to customers of the new partner by September 24, 2025 or at all. Future disclosures in company reports may clarify how quickly this transition progresses and how revenue and profit composition evolve after the FedEx change.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What major update does VerifyMe (VRME) report regarding its FedEx relationship?

VerifyMe reports that FedEx has notified the company it will no longer be an approved FedEx preferred shipper effective September 24, 2025, and that it cannot open any new accounts as a FedEx preferred shipper effective immediately.

How important were Proactive services to FedEx customers for VerifyMe’s recent results?

For the quarter ended June 30, 2025, Proactive services to FedEx customers comprised approximately 85% of VerifyMe’s revenue and 60% of its gross profits.

Can VerifyMe still provide any services to FedEx customers after losing preferred shipper status?

Yes. VerifyMe states that if it is not a FedEx preferred shipper, it can no longer offer Proactive services to FedEx customers but will continue providing its Premium services to those customers.

What is VerifyMe’s plan in response to the FedEx preferred shipper change?

If FedEx removes VerifyMe as a preferred shipper on September 24, 2025, the company plans to focus on providing its Premium service offerings to FedEx customers and to begin offering both Proactive and Premium services to customers of a new shipping partner.

Did VerifyMe challenge FedEx’s decision to end preferred shipper status?

After receiving the notice, VerifyMe told FedEx it believed the notice was sent in error, but on September 10, 2025, FedEx informed the company that the notice was not sent in error.

How did VerifyMe communicate this development to the public?

On September 11, 2025, VerifyMe issued a press release announcing the notice from FedEx, which is included as Exhibit 99.1 to the report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/11/2025 - 08:05 AM Learn about SEC filing dates

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):      August 26, 2025

VerifyMe, Inc.

(Exact name of registrant as specified in its charter)

Nevada	001-39332	23-3023677
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
801 International Parkway, Fifth Floor, Lake Mary, Florida		32746
(Address of principal executive offices)		(Zip Code)
Registrant’s telephone number, including area code:  (585) 736-9400

_____________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		VRME		The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

Item 8.01 Other Events.

On August 26, 2025, VerifyMe, Inc. (the “Company,” “us,” or “we”) received notice from FedEx Corporation (“FedEx”) dated August 25, 2025 informing us that we will no longer be an approved FedEx preferred shipper effective September 24, 2025. We also cannot open any new accounts as a FedEx preferred shipper effective immediately. After receiving the FedEx notice, the Company informed FedEx that it believed the notice was sent in error. On September 10, 2025, FedEx informed the Company that the notice was not sent to the Company in error. If we are not a FedEx preferred shipper, then we can no longer offer our Proactive services to FedEx customers. We will continue providing our Premium services to FedEx customers. For the quarter ended June 30, 2025, Proactive services provided to FedEx customers comprised approximately 85% of our revenue and 60% of our gross profits. If FedEx removes us as a preferred shipper on September 24, 2025, then we plan to focus on providing our Premium service offerings to FedEx customers and begin offering our Proactive and Premium services to customers of our new shipping partner.

On September 11, 2025, the Company issued a press release announcing the notice from FedEx. A copy of the press release is attached hereto as Exhibit 99.1 to this Report.

Forward-Looking Statements

This Report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words like “can,” “plan,” or “will,” are used to identify forward-looking statements, although not all forward-looking statements contain these words. Although the Company believes that it is basing its expectations and beliefs on reasonable assumptions within the bounds of what is currently known about its business and operations, there can be no assurance that actual results will not differ materially from what the Company expects or believes. Some of the factors that could cause the Company’s actual results to differ materially from its expectations or beliefs are disclosed in the “Risk Factors” section, as well as other sections, of its reports filed with the Securities and Exchange Commission, which include, without limitation, its ability to provide Proactive services to customers of our new shipping partner by September 24, 2025 or at all. All forward-looking statements speak only as of the date on which they are made and the Company undertakes no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		VerifyMe, Inc. Press Release dated September 11, 2025.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	VerifyMe, Inc.
Date: September 11, 2025	By:	/s/ Adam Stedham
		Adam Stedham
		Chief Executive Officer and President