VerifyMe Extends Share Repurchase Plan to Enhance Value for Shareholders

On November 26, 2024, VerifyMe, Inc. (NASDAQ: VRME) announced an extension of its share repurchase plan aimed at enhancing shareholder value. The Board of Directors of VerifyMe approved an extension to the expiration date of the 2024 Share Repurchase Authorization until December 31, 2025.

Under the extended plan, VerifyMe has the authority to repurchase up to $500,000 of shares of its common stock based on market conditions and legal considerations. This extension allows the company to repurchase shares through various methods, including open market transactions, block trades, and privately negotiated deals. The share repurchase plan may also operate under a Rule 10b5-1 compliant trading plan.

Adam Stedham, the President and CEO of VerifyMe, highlighted the company’s operational efficiency within PeriShip and emphasized the potential for delivering shareholder value through organic and strategic initiatives. Stedham expressed satisfaction with the Board’s commitment to ensuring adequate resources for executing the company’s strategy.

VerifyMe, Inc. is a provider of brand protection and brand enhancement solutions, offering services in authentication, anti-counterfeiting, and specialized logistics for time and temperature-sensitive products. The company serves a global clientele and aims to optimize short and long-term shareholder value creation through strategic initiatives.

This press release contains forward-looking statements regarding VerifyMe’s share repurchase plan and its commitment to providing value to customers and shareholders. Actual results may vary due to factors such as market trends, competitive landscape, economic conditions, and regulatory changes.

For more information about the extension of the Share Repurchase Plan or VerifyMe’s other services, kindly visit the company’s official website at www.verifyme.com.

Contact Information:
Company: VerifyMe, Inc.
Email: [email protected]
Website: http://www.verifyme.com

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read VerifyMe’s 8K filing here.

VerifyMe Company Profile

VerifyMe, Inc, together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions.