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July 28, 2014
16:45 EDTVPCOVapor Corp. amends previously announced asset purchase with IVG
Vapor Corp. announced that on July 25 the company and International Vapor Group, or IVG, and certain of its subsidiaries amended their previously announced asset purchase agreement entered into on May 14, pursuant to which the company will purchase IVG's e-cigarettes and vaporizers e-commerce, wholesale and retail operations by acquiring substantially all of IVG's assets and assuming certain of its liabilities. The parties amended the asset purchase agreement by entering into a first amendment to the asset purchase agreement. The first amendment extends the termination date of the asset purchase agreement to September 30, requires IVG's business prior to completing the acquisition to cease using the VAPOR ZONE brands and to rebrand the IVG business, as necessary, with one or more new brands mutually agreed upon by the parties and expands and modifies IVG's owners' indemnity obligations, among other modifications to the asset purchase agreement. Vapor expects to complete the acquisition as soon as possible but not later than September 30.
News For VPCO From The Last 14 Days
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August 3, 2015
17:16 EDTVPCOVapor Corp. files to sell 4.7M shares of common stock for holders
July 24, 2015
09:07 EDTVPCOVapor Corp. launches 'best efforts' stock offering up to 3.8M shares at $11
Vapor Corp announced that it has launched a "best efforts" follow-on offering of up to 3,800,000 units at $11.00 per unit for a maximum gross proceeds of $41.8M. Each unit consists of one-fourth of a share of Series A preferred stock and 20 Series A warrants. Each one-fourth share of Series A preferred stock will be convertible into 10 shares of common stock and each Series A warrant will be exercisable into one share of common stock at an initial exercise price of $1.24 per share. The Units will automatically separate into the Series A preferred stock and Series A warrants on January 23, 2016, provided that the Units will separate earlier if at any time after August 24, 2015, the closing price of Vapor's common stock is greater than $2.48 per share for 10 consecutive trading days, the Units are delisted, or the Series A warrants are exercised for cash. The Units are expected to be listed on The Nasdaq Capital Market under the ticker symbol VPCOU. Dawson James Securities, Inc. is serving as the sole book runner for the offering.
July 23, 2015
07:31 EDTVPCORedChip to hold a virtual conference
2015 Global Online CEO Conference is being held on July 22-23 with webcasted presentations to begin on July 23 at 9:30 am. Webcast Link
July 22, 2015
07:20 EDTVPCORedChip to hold a virtual conference
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