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 is,
traded on Nasdaq under the trading symbol “VRME”.
Common Shareholders
As of March 23, 2026, we had approximately 1,421
stockholders of record of our common stock. Because many of our shares of common stock are held by brokers and other institutions on behalf
of stockholders, this number is not indicative of the total number of stockholders represented by these stockholders of record.
Dividends
We have never declared or paid a cash dividend.
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
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
set forth in the Merger Agreement. We cannot be certain what our cash balance will be at the closing of the Merger and whether there will
be any amount above the closing net cash requirement set forth in the Merger Agreement available to be issued as a dividend. Even if a
dividend can be declared, our Board of Directors has no obligation and is not required to declare a dividend by the Merger Agreement.
Our Board of Directors currently anticipates declaring a cash dividend prior to the closing of the Merger The declaration and payment
of dividends is subject to the discretion of our Board of Directors 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.
Share Repurchase Plan
The following table provides information about our share repurchase
activity for the three months ended December 31, 2025
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)
10/01/2025-10/31/2025
-
$ -
-
$ 262
11/01/2025-11/30/2025
-
-
-
-
12/01/2025-12/31/2025
-
-
-
-
Total
-
$ -
-
$ 262
(1) In December 2023, the Company’s Board of Directors approved a 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. On November 26, 2024, the Company approved an extension of the $0.5 million share repurchase program to repurchase shares of
the Company’s common stock through December 31, 2025. The share repurchase program expired on December 31, 2025.
ITEM 6. [RESERVED.]