VerifyMe Stock Slides Again as Nasdaq $1 Deadline and Open World Merger Looms
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.