VerifyMe, Inc. and Open World Ltd. have announced their intention to merge and become a publicly traded company on Nasdaq under a new ticker symbol.
The merger aims to combine precision logistics and brand protection technologies with real-world asset tokenization expertise to set global standards.
The combined company will focus on delivering institutional-grade on-chain solutions and advancing the digital economy.
Strategic Merger Announcement
VerifyMe and Open World plan to merge, leveraging their respective expertise to create a new standard in on-chain solutions.
Leadership Transition
Matt Shaw, co-founder and CEO of Open World, will lead the combined company as CEO and Chairman post-merger.
Market Positioning
The merger positions the combined entity to be a global leader in secure, enterprise-grade real-world asset tokenization.
Operational Details
The merger agreement includes an exclusivity period of 60 days for due diligence, with Open World shareholders owning 90% and VerifyMe stockholders owning 10% of the combined company.
- The merger merges precision logistics with asset tokenization, aiming to enhance compliance, security, and trust in the digital asset market.
- This strategic move positions the combined company to offer turnkey, compliance-ready infrastructure for digital asset adoption.
The strategic merger between VerifyMe and Open World signifies a significant step towards revolutionizing real-world asset tokenization and establishing a global standard for on-chain solutions.