Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET
FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Our common stock, par
value $0.001 per share, and warrants to purchase common stock are traded on The Nasdaq Capital Market under the trading symbols “VRME”
and “VRMEW,” respectively.
Common Shareholders
As of March 18, 2024,
we had approximately 1,450 shareholders of record of our common stock. Because many of our shares of common stock are held by brokers
and other institutions on behalf of shareholders, this number is not indicative of the total number of shareholders represented by these
shareholders of record.
Dividends
We have never declared
or paid a cash dividend. At this time, we do not anticipate paying dividends in the foreseeable future. The declaration and payment of
dividends is subject to the discretion of Board and will depend upon our earnings (if any), our financial condition, and our capital requirements.
Nevada law permits a corporation to pay dividends out of earnings or surplus. Accordingly, we cannot pay dividends as a matter of law.
Share Repurchase Plan
The following table provides information about our share repurchase
activity for the three months ended December 31, 2023
ISSUER PURCHASES OF EQUITY SECURITIES
Period
Total Number
of Shares
(or Units) Purchased
Average Price Paid per
Share (or Units)
Total Number
of Shares
Purchased as Part of
Publicly Announced
Plans
or Programs (1)
Approximate Dollar
Value of Shares that
May Yet Be Purchased
Under the Plans
or Programs (1)
(In thousands)
10/01/2023-10/31/2023
-
-
-
$ -
11/01/2023-11/30/2023
-
-
-
-
12/01/2023-12/31/2023
-
-
-
500
Total
-
-
-
$ 500
(1) Effective December 6, 2023, the Company’s Board of Directors approved a new share repurchase
program to allow the Company to spend up to $0.5 million to repurchase shares of its common stock, so long as the price does not
exceed $1.00 until December 14, 2024. During the three months ended December 31, 2023, the Company did not repurchase shares of common
stock under the Company’s program.
ITEM 6. [RESERVED.]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.