Core Viewpoint - VerifyMe, Inc. has announced an extension of its share repurchase plan, allowing the company to buy back up to $500,000 of its common stock until December 31, 2025, as market conditions permit [2][3]. Company Overview - VerifyMe, Inc. provides brand protection and enhancement solutions, operating in two segments: Authentication and Precision Logistics, focusing on anti-counterfeit and specialized logistics for time and temperature-sensitive products [4]. Share Repurchase Plan - The Board has approved the extension of the 2024 Share Repurchase Authorization to December 31, 2025, allowing for the repurchase of shares based on market conditions and legal considerations [2]. - The repurchase plan is flexible, with no obligation to acquire a specific number of shares, and can be modified or suspended at the Board's discretion [2]. - Repurchases will be funded from cash generated from operations, ensuring sufficient liquidity for strategic growth initiatives [2]. Management Commentary - The President and CEO of VerifyMe expressed satisfaction with operational efficiencies and highlighted the potential for delivering shareholder value through both organic and strategic initiatives [3]. - The company aims to maintain all capital allocation options to optimize short and long-term shareholder value creation [3].
VerifyMe announces extension of Share Repurchase Plan