VerifyMe outlines charter changes for OpenWorld merger ahead of Sept. 24 shareholder vote - VRME News | RalliesVerifyMe outlines charter changes for OpenWorld merger ahead of Sept. 24 shareholder vote
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VRME• Merger vote and expected closing
- VerifyMe is seeking shareholder approval on Sept. 24 for a merger with blockchain firm OpenWorld.
- Closing is expected shortly after the vote, subject to remaining customary closing conditions.
- The combined company would operate as OpenWorld, Inc.; shares are expected to trade on Nasdaq under “OPNW,” pending Nasdaq approval.
Proposed charter changes and Blockchain Common Stock
- Proposed charter changes would authorize Blockchain Common Stock to enable future trading on Figure’s OPEN network alongside Nasdaq.
- No Blockchain Common Stock would be issued at closing; any later issuance would require board action and venue requirements.
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