DANIA BEACH, Fla., Jan. 22, 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 the
Units in the July 2015 offering will
be separating on January 23, 2016
(the "Separation Date") (with an effective date of January 25, 2016). On the Separation Date,
each Unit will automatically separate into one-fourth of a share
of Series A Convertible Preferred Stock and Series A
Warrants. Each one-fourth share of Series A Convertible
Preferred Stock may be converted into 10 shares of Vapor common
stock by the holder by providing written notice to Vapor and its
transfer agent by using the Convertible Preferred Stock Conversion
Form filed as Exhibit 99.1 to the Form 8-K filed today.
Holders of Warrants may exercise the Warrants by contacting their
broker and sending written notice to the Company. Please use
the Warrant Exercise Notification Form filed as Exhibit 99.2 to the
Form 8-K filed today (in lieu of the exercise notice attached to
the Warrant). All notifications and questions regarding the
conversion of the Preferred Stock and exercise of the Warrants
should be emailed to excashless@vpco.com.
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.