Wire
VerifyMe Declares Special Dividend Tied to Open World Deal; Shares Rise After Hours
VerifyMe (VRME) declared a special cash dividend of $0.15 a share, contingent on the closing of its proposed merger with Open World.The dividend would be paid to holders of common stock and Series B convertible preferred stock on an as-converted basis, the company said Friday in a statement.If the merger closes, VerifyMe expects to pay the dividend on Oct. 2 to shareholders of record Sept. 29.VerifyMe shares rose 23% in after-hours trading.
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