[8-K] VerifyMe, Inc. Reports Material Event
VerifyMe, Inc. entered a Master Loan Agreement and promissory note with ZenCredit Ventures, LLC to provide up to $2,000,000 in loans. Under the agreement ZenCredit will pay quarterly interest at an annual rate of 16%. The initial promissory note has a nine-month term, at which time all accrued principal and interest become due unless VerifyMe elects to make an Additional Loan under the agreement.
The company funded the maximum amount, issuing a $2,000,000 promissory note to ZenCredit. The filing states the agreement includes customary repayment, default provisions and representations and warranties. A copy of the Loan Agreement will be included as an exhibit to the company鈥檚 upcoming quarterly report for the period ending September 30, 2025.
VerifyMe, Inc. ha stipulato un contratto quadro di prestito e un pagher貌 con ZenCredit Ventures, LLC per erogare fino a $2,000,000 di prestiti. In base all'accordo, ZenCredit corrisponder脿 interessi trimestrali a un tasso annuo del 16%. Il pagher貌 iniziale ha una durata di nove mesi, al termine della quale tutto il capitale e gli interessi maturati diventano esigibili, a meno che VerifyMe non scelga di effettuare un prestito aggiuntivo ai sensi dell'accordo.
La societ脿 ha erogato l'importo massimo, emettendo a ZenCredit un pagher貌 di $2,000,000. La comunicazione indica che l'accordo include consuete disposizioni relative al rimborso, all'inadempimento e alle dichiarazioni e garanzie. Una copia del contratto di prestito sar脿 inclusa come allegato al prossimo rapporto trimestrale della societ脿 per il periodo terminato il 30 settembre 2025.
VerifyMe, Inc. celebr贸 un acuerdo marco de pr茅stamo y un pagar茅 con ZenCredit Ventures, LLC para proporcionar hasta $2,000,000 en pr茅stamos. Seg煤n el acuerdo, ZenCredit pagar谩 intereses trimestrales a una tasa anual del 16%. El pagar茅 inicial tiene un plazo de nueve meses, al t茅rmino del cual todo el principal y los intereses devengados vencer谩n, salvo que VerifyMe opte por otorgar un Pr茅stamo Adicional en virtud del acuerdo.
La compa帽铆a desembols贸 el importe m谩ximo, emitiendo a ZenCredit un pagar茅 por $2,000,000. La presentaci贸n indica que el acuerdo incluye disposiciones habituales sobre reembolso, incumplimiento y manifestaciones y garant铆as. Una copia del contrato de pr茅stamo se incluir谩 como anexo al pr贸ximo informe trimestral de la compa帽铆a correspondiente al periodo finalizado el 30 de septiembre de 2025.
VerifyMe, Inc.電� ZenCredit Ventures, LLC鞕� 斓滊寑 $2,000,000鞚� 雽�於滌潉 鞝滉车頃橁赴 鞙勴暅 毵堨姢韯� 雽�於� 瓿勳暯靹滌檧 鞎届啀鞏挫潓鞚� 觳搓舶頄堨姷雼堧嫟. 瓿勳暯鞐� 霐半澕 ZenCredit電� 鞐� 16%鞚� 鞚挫湪搿� 攵勱赴氤� 鞚挫瀽毳� 歆�旮夗暕雼堧嫟. 齑堦赴 鞎届啀鞏挫潓鞚� 旮瓣皠鞚� 9臧涤洈鞚措┌, 毵岅赴 鞁滌爯鞐� 氇摖 鞗愱笀瓿� 氚滌儩頃� 鞚挫瀽電� 靸來櫂 旮办澕鞚� 霅橃柎 歆�旮夒悩鞏挫暭 頃橂倶 VerifyMe臧� 氤� 瓿勳暯鞐� 霐半澕 於旉皜 雽�於滌潉 靹犿儩頃橂姅 瓴届毎電� 鞓堨櫢鞛呺媹雼�.
須岇偓電� 斓滊寑 旮堨暋鞚� 於滌瀽頃橃棳 ZenCredit鞐� $2,000,000 鞎届啀鞏挫潓鞚� 氚滍枆頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐愲姅 瓿勳暯鞐� 韱奠儊鞝侅澑 靸來櫂 氚� 毂勲攵堨澊頄� 攴滌爼, 歆勳垹 氚� 氤挫鞚� 韽暔霅橃柎 鞛堧嫟瓿� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 雽�於� 瓿勳暯靹� 靷掣鞚� 2025雲� 9鞗� 30鞚茧 膦呺霅橂姅 旮瓣皠鞐� 雽�頃� 須岇偓鞚� 雼れ潓 攵勱赴 氤搓碃靹滌潣 觳秬靹滊搿� 韽暔霅� 鞓堨爼鞛呺媹雼�.
VerifyMe, Inc. a conclu un contrat de pr锚t-cadre et un billet 脿 ordre avec ZenCredit Ventures, LLC pour fournir jusqu'脿 $2,000,000 de pr锚ts. En vertu de l'accord, ZenCredit versera des int茅r锚ts trimestriels 脿 un taux annuel de 16%. Le billet 脿 ordre initial a une dur茅e de neuf mois, 脿 l'issue de laquelle le principal et les int茅r锚ts courus deviennent exigibles, sauf si VerifyMe choisit d'accorder un pr锚t suppl茅mentaire en vertu de l'accord.
La soci茅t茅 a financ茅 le montant maximal, en 茅mettant 脿 ZenCredit un billet 脿 ordre de $2,000,000. Le dossier indique que l'accord comprend des dispositions usuelles relatives au remboursement, au d茅faut et aux d茅clarations et garanties. Une copie du contrat de pr锚t sera jointe en annexe au prochain rapport trimestriel de la soci茅t茅 pour la p茅riode se terminant le 30 septembre 2025.
VerifyMe, Inc. hat einen Rahmen-Darlehensvertrag und einen Schuldschein mit ZenCredit Ventures, LLC abgeschlossen, um Darlehen von bis zu $2,000,000 bereitzustellen. Nach dem Vertrag zahlt ZenCredit viertelj盲hrliche Zinsen zu einem Jahreszinssatz von 16%. Der anf盲ngliche Schuldschein hat eine Laufzeit von neun Monaten, zu deren Ablauf s盲mtliche aufgelaufenen Kapital- und Zinsbetr盲ge f盲llig werden, sofern VerifyMe nicht beschlie脽t, gem盲脽 der Vereinbarung ein zus盲tzliches Darlehen zu gew盲hren.
Das Unternehmen hat den Maximalbetrag bereitgestellt und ZenCredit einen Schuldschein 眉ber $2,000,000 ausgestellt. Die Einreichung besagt, dass die Vereinbarung 眉bliche R眉ckzahlungs- und Verzugsklauseln sowie Zusicherungen und Gew盲hrleistungen enth盲lt. Eine Kopie des Darlehensvertrags wird als Anlage im bevorstehenden Quartalsbericht des Unternehmens f眉r den Zeitraum zum 30. September 2025 enthalten sein.
- $2,000,000 principal loaned to ZenCredit, demonstrating deployment of available cash into an income-producing asset
- 16% annual interest with quarterly payments, representing a high stated yield relative to many short-term instruments
- Nine-month initial term provides a defined near-term maturity for principal and interest recovery
- Loan creates concentrated credit exposure to a single counterparty, ZenCredit Ventures, LLC
- Filing does not disclose collateral or security for the promissory note within the reported description
- All accrued principal and interest are due at maturity unless the company elects an Additional Loan, which could require repayment or re-exposure at the nine-month mark
Insights
TL;DR: VerifyMe deployed $2.0M under a 9-month note earning 16% annual interest, creating short-term yield but concentrated credit exposure.
The transaction converts a portion of VerifyMe's liquidity into a single-counterparty loan earning a 16% annual coupon with quarterly interest payments and a nine-month initial maturity. This structure delivers immediate interest income potential and a defined payoff date, but it places the company鈥檚 cash with one borrower until maturity. The agreement includes customary repayment and default provisions; the filing indicates the company may extend additional lending under the master agreement. Impact on reported interest income and cash position will appear in upcoming periodic reporting when the exhibit and accounting treatments are disclosed.
TL;DR: The loan carries credit concentration and counterparty risk despite a high stated coupon and short initial term.
The company committed $2,000,000 to a single borrower under a promissory note with a 9-month term and 16% APR. While the high rate and short tenor can be favorable for yield, the filing does not describe any collateral or security terms and concentrates principal with one entity. The agreement includes customary default remedies, but the lack of disclosed security in the filing increases reliance on contractual remedies and borrower creditworthiness. The materiality of these risks depends on VerifyMe鈥檚 overall liquidity and credit risk management, which are not detailed in this disclosure.
VerifyMe, Inc. ha stipulato un contratto quadro di prestito e un pagher貌 con ZenCredit Ventures, LLC per erogare fino a $2,000,000 di prestiti. In base all'accordo, ZenCredit corrisponder脿 interessi trimestrali a un tasso annuo del 16%. Il pagher貌 iniziale ha una durata di nove mesi, al termine della quale tutto il capitale e gli interessi maturati diventano esigibili, a meno che VerifyMe non scelga di effettuare un prestito aggiuntivo ai sensi dell'accordo.
La societ脿 ha erogato l'importo massimo, emettendo a ZenCredit un pagher貌 di $2,000,000. La comunicazione indica che l'accordo include consuete disposizioni relative al rimborso, all'inadempimento e alle dichiarazioni e garanzie. Una copia del contratto di prestito sar脿 inclusa come allegato al prossimo rapporto trimestrale della societ脿 per il periodo terminato il 30 settembre 2025.
VerifyMe, Inc. celebr贸 un acuerdo marco de pr茅stamo y un pagar茅 con ZenCredit Ventures, LLC para proporcionar hasta $2,000,000 en pr茅stamos. Seg煤n el acuerdo, ZenCredit pagar谩 intereses trimestrales a una tasa anual del 16%. El pagar茅 inicial tiene un plazo de nueve meses, al t茅rmino del cual todo el principal y los intereses devengados vencer谩n, salvo que VerifyMe opte por otorgar un Pr茅stamo Adicional en virtud del acuerdo.
La compa帽铆a desembols贸 el importe m谩ximo, emitiendo a ZenCredit un pagar茅 por $2,000,000. La presentaci贸n indica que el acuerdo incluye disposiciones habituales sobre reembolso, incumplimiento y manifestaciones y garant铆as. Una copia del contrato de pr茅stamo se incluir谩 como anexo al pr贸ximo informe trimestral de la compa帽铆a correspondiente al periodo finalizado el 30 de septiembre de 2025.
VerifyMe, Inc.電� ZenCredit Ventures, LLC鞕� 斓滊寑 $2,000,000鞚� 雽�於滌潉 鞝滉车頃橁赴 鞙勴暅 毵堨姢韯� 雽�於� 瓿勳暯靹滌檧 鞎届啀鞏挫潓鞚� 觳搓舶頄堨姷雼堧嫟. 瓿勳暯鞐� 霐半澕 ZenCredit電� 鞐� 16%鞚� 鞚挫湪搿� 攵勱赴氤� 鞚挫瀽毳� 歆�旮夗暕雼堧嫟. 齑堦赴 鞎届啀鞏挫潓鞚� 旮瓣皠鞚� 9臧涤洈鞚措┌, 毵岅赴 鞁滌爯鞐� 氇摖 鞗愱笀瓿� 氚滌儩頃� 鞚挫瀽電� 靸來櫂 旮办澕鞚� 霅橃柎 歆�旮夒悩鞏挫暭 頃橂倶 VerifyMe臧� 氤� 瓿勳暯鞐� 霐半澕 於旉皜 雽�於滌潉 靹犿儩頃橂姅 瓴届毎電� 鞓堨櫢鞛呺媹雼�.
須岇偓電� 斓滊寑 旮堨暋鞚� 於滌瀽頃橃棳 ZenCredit鞐� $2,000,000 鞎届啀鞏挫潓鞚� 氚滍枆頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐愲姅 瓿勳暯鞐� 韱奠儊鞝侅澑 靸來櫂 氚� 毂勲攵堨澊頄� 攴滌爼, 歆勳垹 氚� 氤挫鞚� 韽暔霅橃柎 鞛堧嫟瓿� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 雽�於� 瓿勳暯靹� 靷掣鞚� 2025雲� 9鞗� 30鞚茧 膦呺霅橂姅 旮瓣皠鞐� 雽�頃� 須岇偓鞚� 雼れ潓 攵勱赴 氤搓碃靹滌潣 觳秬靹滊搿� 韽暔霅� 鞓堨爼鞛呺媹雼�.
VerifyMe, Inc. a conclu un contrat de pr锚t-cadre et un billet 脿 ordre avec ZenCredit Ventures, LLC pour fournir jusqu'脿 $2,000,000 de pr锚ts. En vertu de l'accord, ZenCredit versera des int茅r锚ts trimestriels 脿 un taux annuel de 16%. Le billet 脿 ordre initial a une dur茅e de neuf mois, 脿 l'issue de laquelle le principal et les int茅r锚ts courus deviennent exigibles, sauf si VerifyMe choisit d'accorder un pr锚t suppl茅mentaire en vertu de l'accord.
La soci茅t茅 a financ茅 le montant maximal, en 茅mettant 脿 ZenCredit un billet 脿 ordre de $2,000,000. Le dossier indique que l'accord comprend des dispositions usuelles relatives au remboursement, au d茅faut et aux d茅clarations et garanties. Une copie du contrat de pr锚t sera jointe en annexe au prochain rapport trimestriel de la soci茅t茅 pour la p茅riode se terminant le 30 septembre 2025.
VerifyMe, Inc. hat einen Rahmen-Darlehensvertrag und einen Schuldschein mit ZenCredit Ventures, LLC abgeschlossen, um Darlehen von bis zu $2,000,000 bereitzustellen. Nach dem Vertrag zahlt ZenCredit viertelj盲hrliche Zinsen zu einem Jahreszinssatz von 16%. Der anf盲ngliche Schuldschein hat eine Laufzeit von neun Monaten, zu deren Ablauf s盲mtliche aufgelaufenen Kapital- und Zinsbetr盲ge f盲llig werden, sofern VerifyMe nicht beschlie脽t, gem盲脽 der Vereinbarung ein zus盲tzliches Darlehen zu gew盲hren.
Das Unternehmen hat den Maximalbetrag bereitgestellt und ZenCredit einen Schuldschein 眉ber $2,000,000 ausgestellt. Die Einreichung besagt, dass die Vereinbarung 眉bliche R眉ckzahlungs- und Verzugsklauseln sowie Zusicherungen und Gew盲hrleistungen enth盲lt. Eine Kopie des Darlehensvertrags wird als Anlage im bevorstehenden Quartalsbericht des Unternehmens f眉r den Zeitraum zum 30. September 2025 enthalten sein.
FAQ
What did VerifyMe (VRME) agree to under the Master Loan Agreement with ZenCredit?
How much interest will VerifyMe earn on the loan to ZenCredit?
What is the term of the initial promissory note between VerifyMe and ZenCredit?
Did VerifyMe fund the loan and for what amount?
Will the full Loan Agreement be available to investors?
