New York, May 27, 2026, 14:07 (EDT)
VerifyMe Inc. shares slipped on Wednesday, with the last reported trade at $0.6299, down 1.6%, as investors weighed thin trading, a Nasdaq bid-price issue and the company’s pending merger with Open World. Volume was about 21,600 shares, underscoring the narrow market for the microcap stock.
The move matters because VerifyMe remains far below Nasdaq’s $1 minimum bid price, the quoted price at which buyers are willing to pay for a stock. Nasdaq regular trading hours run from 9:30 a.m. to 4 p.m. Eastern time; the exchange was closed for Memorial Day on May 25 but was open Wednesday.
The pressure is not just technical. VerifyMe’s May 15 quarterly report showed first-quarter revenue fell to $1.8 million from $4.5 million a year earlier, mainly after the September 2025 end of an agreement with its prior carrier partner. Gross margin improved to 54% from 33%, but the company still posted a net loss of $0.7 million.
Chief Executive Adam Stedham said in the results release that VerifyMe was “focused on completing our integrations and growing our revenues” through customer transitions and additions. That is the crux of the stock now: revenue has reset lower, while management says the logistics model can still scale.
VerifyMe’s May 15 10-Q said the company received a Nasdaq deficiency letter on April 17 after its common stock closed below $1 for 30 straight business days. The company has until Oct. 14 to regain compliance, and warned that delisting could hurt liquidity, investor interest and its ability to raise capital.
The Lake Mary, Florida-based company provides specialized logistics for time- and temperature-sensitive products and brand-protection services. Its PeriShip unit had already told customers in September that ProActive services would move away from FedEx shipping services to a new shipping partner.
A separate story sits over the stock. VerifyMe signed a definitive merger agreement in February with Open World, a blockchain infrastructure and real-world asset tokenization platform, and said the combined company would focus on regulated digital-asset infrastructure. Open World CEO Matt Shaw called the deal a “meaningful inflection point.” VerifyMe, Inc.
In the 10-Q, VerifyMe said existing pre-closing stockholders are expected to keep about 10% of the post-closing company, while Open World ordinary shareholders and SAFE holders are expected to receive about 90%. SAFE means a simple agreement for future equity, a financing contract that can convert into shares.
The competitive backdrop was mixed. FedEx and UPS, larger parcel carriers tied to the shipping market in which PeriShip operates, rose 3.1% and 2.3%, while Avery Dennison, a much larger labeling and materials company with brand-protection exposure, was little changed. The iShares Russell 2000 ETF, an exchange-traded fund often used as a gauge for smaller U.S. companies, was nearly flat.
But the risk is direct: VerifyMe must execute a customer transition, complete a merger that still has closing conditions, and get its share price back above Nasdaq’s minimum threshold. If any of those pieces slip, the stock could face a weaker trading market, lower liquidity and less access to equity capital.
