VerifyMe up after SPAC liquidation, share repurchase program

VerifyMe

01/07/2022 14:39

** Shares of technology solutions provider VerifyMe  VRME.O 
up about 40% after co chooses not to extend co-sponsor agreement
with SPAC
    ** Co also announces new $1.5 mln share repurchase program 
    ** VRME announced in April last year it would fund half the
expenses of G3 VRM Acquisition Corp until consummation of
business combination by SPAC  urn:newsml:reuters.com:*:nGNX3rl67V
    ** Co cited current market conditions as reason for not
allocating additional financial capital toward SPAC  urn:newsml:reuters.com:*:nPn7n8p8ga
    ** VerifyMe says it will focus on core business and recent
acquisition of perishable food shipping co PeriShip 
    ** As of last close, shares fell 38.27% YTD 

 (Reporting by Raghavi Kasa in Bengaluru)
 ((Raghavi.Kasa@thomsonreuters.com;))