VerifyMe, Inc. (NASDAQ:VRME)(NASDAQ:VRMEW) announced the pricing of its underwritten public offering of 2,173,913 units at a price to the public of $4.60 per unit. Each unit issued in the offering consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $4.60. The common stock and warrants are immediately separable, will be issued separately, and are expected to begin trading on the Nasdaq Capital Market on June 18, 2020, under the symbols "VRME" and "VRMEW," respectively. VerifyMe expects to receive gross proceeds of $10.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. Concurrent with the offering, the Company will effectuate a reverse split of its issued and outstanding common stock and treasury stock at a ratio of 50-to-1. The reverse stock split is expected to be effective at 12:01 a.m., Eastern time, on Thursday, June 18, 2020. The share numbers and pricing information in this release are adjusted to reflect the impact of the reverse stock split. VerifyMe has granted the underwriters a 45-day option to purchase up to 326,087 additional shares of common stock, or additional warrants to purchase 326,087 shares of common stock, or any combination thereof, at the public offering price to cover over-allotments, if any. The offering is expected to close on June 22, 2020, subject to customary closing conditions. Maxim Group LLC is acting as lead book-running manager for the offering and Joseph Gunnar & Co., LLC is acting as co-book-running manager for the offering.