VerifyMe, Inc. Signs Material Definitive Agreement
Ticker: VRME · Form: 8-K · Filed: Aug 12, 2025 · CIK: 1104038
| Field | Detail |
|---|---|
| Company | Verifyme, Inc. (VRME) |
| Form Type | 8-K |
| Filed Date | Aug 12, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $2 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, definitive-agreement
TL;DR
VerifyMe signed a big deal, details TBD.
AI Summary
VerifyMe, Inc. entered into a Material Definitive Agreement on August 8, 2025. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.
Why It Matters
This filing indicates a significant new contract or partnership for VerifyMe, Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the agreement.
Key Players & Entities
- VerifyMe, Inc. (company) — Registrant
- August 8, 2025 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 23-3023677 (tax_id) — IRS Employer Identification No.
- 801 International Parkway, Fifth Floor, Lake Mary, Florida 32746 (address) — Principal executive offices
- (585) 736-9400 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the Material Definitive Agreement entered into by VerifyMe, Inc.?
The filing states that VerifyMe, Inc. entered into a Material Definitive Agreement on August 8, 2025, but does not provide specific details about its nature.
Who is the counterparty to this Material Definitive Agreement?
The filing does not disclose the name of the other party involved in the Material Definitive Agreement.
What is the effective date of this agreement?
The earliest event reported, which is the entry into the Material Definitive Agreement, occurred on August 8, 2025.
Are there any financial terms or obligations associated with this agreement mentioned in the filing?
No specific dollar amounts or financial terms related to the Material Definitive Agreement are disclosed in this filing.
Does this filing provide any context on why this agreement is considered 'material'?
The filing identifies the event as an 'Entry into a Material Definitive Agreement' but does not elaborate on the reasons for its materiality.
Filing Stats: 567 words · 2 min read · ~2 pages · Grade level 13.1 · Accepted 2025-08-12 08:05:53
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share VRME The Nasdaq Capital M
- $2 million — Company agreed to loan ZenCredit up to $2 million. Pursuant to the terms of the Loan Agre
Filing Documents
- j8112508k.htm (8-K) — 23KB
- 0001214659-25-011817.txt ( ) — 184KB
- vrme-20250808.xsd (EX-101.SCH) — 3KB
- vrme-20250808_lab.xml (EX-101.LAB) — 33KB
- vrme-20250808_pre.xml (EX-101.PRE) — 22KB
- j8112508k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On August 8, 2025, VerifyMe, Inc. (the "Company"), entered into a Master Loan Agreement and Promissory Note (the "Loan Agreement") with ZenCredit Ventures, LLC, a Delaware limited liability company ("ZenCredit"). Pursuant to the Loan Agreement, the Company agreed to loan ZenCredit up to $2 million. Pursuant to the terms of the Loan Agreement, ZenCredit will pay the Company regular quarterly interest payments at an annual interest rate of 16%. The term of the initial promissory note is nine months ("Initial Loan") at which time all accrued principal and interest is due to the Company unless the Company elects to make an Additional Loan (as such term is defined in the Loan Agreement) subject to the terms of the Loan Agreement. On August 11, 2025, the Company loaned ZenCredit $2 million in exchange for a promissory note issued pursuant to the Loan Agreement. The Loan Agreement also contains customary repayment and default provisions and customary representations and warranties by the parties for transactions of this type. The foregoing description of the Loan Agreement is subject to and qualified in its entirety by the terms of the Loan Agreement, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2025.
SIGNATURES
SIGNATURES 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: August 12, 2025 By: /s/ Adam Stedham Adam Stedham Chief Executive Officer and President