Monitor the September 24 shareholder vote outcome for Proposal 6. Approval is a procedural step for the dual-listing structure but does not change deal economics. The merger's outside date of October 31, 2026 remains the key binary catalyst.
Price Chart
Executive Summary
VerifyMe filed a Rule 425 press release urging shareholders to vote 'FOR' Proposal 6 (Blockchain Common Stock) at the September 24, 2026 annual meeting. The proposal would enable the combined company post-merger with OpenWorld to list its equity on Figure's Onchain Public Equity Network (OPEN) alongside its anticipated Nasdaq listing. This is a promotional solicitation with no new financial terms or changes to the merger agreement.
Key Financial Metrics
Key Facts
- Shareholder vote on Proposal 6 (Blockchain Common Stock) is scheduled for September 24, 2026 annual meeting.
- Approval would enable the combined company to pursue a dual listing on Figure OPEN and Nasdaq.
- Figure OPEN offers around-the-clock trading, faster settlement, and blockchain-based transparency.
- The merger outside date was extended to October 31, 2026 per the Third Amendment filed August 10, 2026.
- No new financial terms, deal value, or changes to the merger agreement are disclosed in this filing.
Financial Impact
No financial impact disclosed; the filing is a promotional solicitation with no new financial terms.
Risk Factors
- Shareholder approval of Proposal 6 is not guaranteed; failure would remove the Figure OPEN listing path.
- The merger itself may still fail to close by the October 31 outside date, as it has already been extended twice.
- Tokenized securities on Figure OPEN face regulatory uncertainty and may not achieve broad market acceptance.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001214659-26-011845 |
| Document: 0001214659-26-011845-index-headers.html | 0001214659-26-011845 |
| Document: 0001214659-26-011845-index.html | 0001214659-26-011845 |
| Document: 0001214659-26-011845.txt | 0001214659-26-011845 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 8-K | — | awaiting T+20 | — | — |
Oct 8, 2026 18d ago | 3 | — | awaiting T+20 | — | — |
Oct 1, 2026 26d ago | 8-K | $9.12 | awaiting T+20 | — | — |
Sep 28, 2026 28d ago | 425 | $8.14 | awaiting T+20 | — | — |
Sep 25, 2026 4w ago | 8-K | $0.9599 | awaiting T+20 | — | — |
Sep 22, 2026 5w ago | 425 | $1.04 | awaiting T+20 | — | — |
Sep 18, 2026 5w ago | 8-K | $1.38 | awaiting T+20 | — | — |
Sep 18, 2026 5w ago | 425 | $1.38 | awaiting T+20 | — | — |
Sep 17, 2026 5w ago | 425 | $0.7700 | awaiting T+20 | — | — |
Sep 9, 2026 6w ago | 425 | $0.6172 | awaiting T+20 | — | — |
US Market Status
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