VerifyMe Inc. (NASDAQ:VRME) experienced a 82.16% surge in after-hours trading on Wednesday, following business development news.

Check out how VRME stock is trading here.

What Happened: The stock of the Florida-based brand protection solutions provider company closed at $0.69, marking a 1.76% decline for the day and rose to $1.25 after hours, according to the Benzinga Pro data.

See Also: Benzinga Bulls And Bears: T-Mobile, LendingTree, Molina Healthcare — And Trade Deal Optimism Boosts Markets Benzinga Bulls And Bears: T-Mobile, LendingTree, Molina Healthcare — And Trade Deal Opti

This agreement provides PeriShip access to designated UPS services at promotional rates as part of specialized logistics management services for time-sensitive and perishable shipments, including proactive monitoring, weather tracking, and issue resolution through certain UPS digital channel program applications. The agreement has a term of three years, subject to customary termination and renewal provisions.

 Benzinga’s Edge Stock Rankings highlight VRME has a Value score of 80.98. Track the performance of other players in this segment.

• Read Next: De-dollarization Will Hurt, But That’s The Whole Point – Benzinga

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Courtesy: Who is Danny on Shutterstock.com