−Removed: FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
−Removed: Our common stock, par
−Removed: value $0.001 per share, and certain warrants to purchase common stock are traded on The Nasdaq Capital Market under the trading symbols
−Removed: “VRME” and “VRMEW,” respectively.
+Added: MARKET FOR REGISTRANT’S
+Added: COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES.
+Added: Our common stock, par value $0.001 per share is,
+Added: traded on Nasdaq under the trading symbol “VRME”.
Common Shareholders
−Removed: As of February
−Removed: 27, 2 025, we had approximately 1,441 shareholders of record of our common stock.
−Removed: Because many of our shares of common stock are held by brokers and other institutions on behalf of shareholders, this number is not indicative
−Removed: of the total number of shareholders represented by these shareholders of record.
−Removed: We have never declared
−Removed: or paid a cash dividend.
−Removed: At this time, we do not anticipate paying dividends in the foreseeable future.
−Removed: The declaration and payment of
−Removed: dividends is subject to the discretion of Board and will depend upon our earnings (if any), our financial condition, and our capital requirements.
+Added: As of March 23, 2026, we had approximately 1,421
+Added: stockholders of record of our common stock.
+Added: Because many of our shares of common stock are held by brokers and other institutions on behalf
+Added: of stockholders, this number is not indicative of the total number of stockholders represented by these stockholders of record.
+Added: We have never declared or paid a cash dividend.
+Added: Pursuant to the Merger Agreement, we may, but have no obligation to, declare, set aside, and pay on or after the closing date of the Merger
+Added: a cash dividend to holders of our capital stock insomuch as any dividend does not make us unable to comply with the closing net cash requirement
+Added: set forth in the Merger Agreement.
+Added: We cannot be certain what our cash balance will be at the closing of the Merger and whether there will
+Added: be any amount above the closing net cash requirement set forth in the Merger Agreement available to be issued as a dividend.
+Added: dividend can be declared, our Board of Directors has no obligation and is not required to declare a dividend by the Merger Agreement.
+Added: Our Board of Directors currently anticipates declaring a cash dividend prior to the closing of the Merger The declaration and payment
+Added: of dividends is subject to the discretion of our Board of Directors and will depend upon our earnings (if any), our financial condition,
+Added: and our capital requirements.
Nevada law permits a corporation to pay dividends out of earnings or surplus.
−Removed: Unregistered Sale of Equity Securities
−Removed: On December 31, 2024,
−Removed: the Company issued 60,000 shares of common stock for services rendered to the Company pursuant to a Consulting Agreement between the Company
−Removed: and Pentant LLC, effective November 15, 2023, as amended June 30, 2024 (the “Consulting Agreement”).
−Removed: The securities issued
−Removed: pursuant to the Consulting Agreement were issued in reliance on an exemption from registration under Section 4(a)(2) of the Securities
−Removed: Act of 1933, as amended, for transactions not involving a public offering.
Share Repurchase Plan
17 unchanged sentences
12/01/2025-12/31/2025
−Removed: (1) Effective December 6, 2023, the Company’s Board of Directors approved a new share repurchase
−Removed: 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
−Removed: exceed $1.00 until December 14, 2024.
−Removed: On November 20, 2024, the Company’s Board of Directors approved to extend the share repurchase
−Removed: authorization through December 31, 2025.
+Added: (1) In December 2023, the Company’s Board of Directors approved a share repurchase program to allow
+Added: 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
+Added: On November 26, 2024, the Company approved an extension of the $0.5 million share repurchase program to repurchase shares of
+Added: the Company’s common stock through December 31, 2025.
+Added: The share repurchase program expired on December 31, 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.