DANIA BEACH, Fla., Jan. 13, 2016
/PRNewswire/ -- Vapor Corp. (NASDAQ CM: VPCO) ("Vapor"), a leading
U.S.-based distributor and retailer of vaporizers, e-liquids,
e-cigarettes and e-hookahs, announced today that it has commenced
mailing definitive proxy materials in connection with its upcoming
special meeting of stockholders, which will take place on
Thursday, January 28, 2016 at
10:00 a.m., Eastern time, at Vapor's
corporate office located at 3001 Griffin Rd., Dania Beach, Florida 33312. Stockholders of record as of
January 7, 2016 are entitled to vote
their common shares at the special meeting and may begin submitting
their proxies.
At the special meeting, Vapor will seek stockholder approval of
two amendments to Vapor's Amended and Restated Certificate of
Incorporation: (1) an amendment to effect, at the discretion of
Vapor's Board of Directors (the "Board"), a reverse stock split at
a ratio between 1-for-10 and 1-for-70 shares of common stock to be
determined by the Board and a change in the par value of the common
stock from $0.001 to $0.0001 and (2)
an amendment to increase the number of authorized shares of common
stock from 500,000,000 shares, par value $0.001, to 5,000,000,000, par value $0.0001.
Vapor's Board recommends that shareholders vote "FOR" the
proposals to be acted upon at the special meeting. Stockholders are
encouraged to read the definitive proxy materials in their entirety
as they provide a detailed discussion of the proposals.
Stockholders who have questions about the special meeting, or
who need assistance in submitting their proxies or voting their
shares, should contact Vapor's proxy solicitor, Okapi Partners,
LLC, toll-free at (877) 629-6355.
About Vapor Corp.
Vapor Corp., a Nasdaq company, is a U.S.-based distributor and
retailer of vaporizers, e-liquids and electronic cigarettes. It
recently acquired the retail store chain "The Vape Store" as part
of a merger with Vaporin, Inc. The Company's innovative technology
enables users to inhale nicotine vapor without smoke, tar, ash or
carbon monoxide. Vapor Corp. has a streamlined supply chain,
marketing strategies and wide distribution capabilities to deliver
its products. The Company's brands include VaporX®, Krave®, Hookah
Stix® and Vaporin™ and are distributed to retail stores throughout
the U.S. and Canada. The Company
sells direct to consumer via e-commerce and Company-owned
brick-and-mortar retail locations operating under "The Vape Store"
brand.
Safe Harbor Statement
Safe Harbor Statements under the Private Securities
Litigation Reform Act of 1995: The Material contained in this press
release may include statements that are not historical facts and
are considered "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect Vapor Corp.'s current views
about future events, financial performances, and project
development. These "forward-looking" statements are identified by
the use of terms and phrases such as "will," "believe," "expect,"
"plan," "anticipate," and similar expressions identifying
forward-looking statements. Investors should not rely on
forward-looking statements because they are subject to a variety of
risks, uncertainties, and other factors that could cause actual
results to differ materially from Vapor's expectations. These risk
factors include, but are not limited to, the risks and
uncertainties identified by Vapor Corp. under the headings "Risk
Factors" in its latest Annual Report on Form 10-K. These factors
are elaborated upon and other factors may be disclosed from time to
time in Vapor Corp.'s filings with the Securities and Exchange
Commission. Vapor Corp. expressly does not undertake any duty to
update forward-looking statements.
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SOURCE Vapor Corp.