- VerifyMe, Inc (NASDAQ:VRME) elected not to extend the period for a special purpose acquisition company (SPAC) merger with G3 VRM Acquisition Corp (NASDAQ:GGGVU).
- VerifyMe’s board determined that it was not in its best interests to allocate additional financial capital at this time for the SPAC to consummate a business combination. Instead, it will focus on its core business and the recent acquisition of PeriShip.
- Additionally, VerifyMe’s board approved a new share repurchase program worth $1.5 million replacing the existing share repurchase program.
- VerifyMe provides brand owners time and temperature-sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products.
- VerifyMe held $8.4 million in cash and equivalents as of March 31.
- Price Action: VRME shares traded higher by 32.6% at $2.60 on the last check Friday.
What’s Going On With Nvidia Stock Friday?
Nvidia Corp (NVDA) will report Q4 results on Feb 21. Wedbush analyst expects strong performance and raised target price to $800. Recent earnings from CSPs show continued AI infrastructure spending. Super Micro Computer Inc also saw growth in backlog. Oppenheimer analyst projects revenue of $20.01B and EPS of $4.48. Nvidia has a broad AI ecosystem and strong margins, making it a top investment for AI growth.
