UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): February 17, 2016
VAPOR
CORP.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-36469 |
|
84-1070932 |
(State or Other Jurisdiction |
|
(Commission |
|
(I.R.S. Employer |
of Incorporation) |
|
File Number) |
|
Identification No.) |
3001 Griffin Road
Dania Beach, Florida 33312
(Address of Principal
Executive Office) (Zip Code)
(888) 766-5351
(Registrant’s
telephone number, including area code)
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On February 17, 2016, the Company issued a press release announcing
that certain holders (each, a “Holder”) of the Company’s Series A Warrants (the “Series A Warrants”)
have entered into standstill agreements with the Company (each, a “Standstill Agreement”), pursuant to which, among
other things, each Holder agreed not to exercise their Series A Warrants pursuant to the “cashless exercise” provisions
of the Series A Warrants prior to April 15, 2016, in whole or in part, which period may be extended in certain circumstances. These
circumstances include the Company being delayed beyond April 15, 2016 in meeting the requirements for listing or quotation on the
OTCQX or the OTCQB. The Standstill Agreements may be amended by Holders owning a majority of the issued and outstanding Series
A Warrants executing the Standstill Agreements. The Company is seeking to obtain Standstill Agreements from all of the holders
of Series A Warrants.
In addition, the Company has announced that it no longer meets the
“Equity Conditions” required to issue Company common stock to fulfill a cashless exercise pursuant to Section 1(d)
of its Series A Warrants. A copy of the press release is included as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number |
|
Description |
|
|
99.1 |
|
|
Press release dated February 17, 2016 |
|
|
|
|
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
VAPOR CORP. |
|
|
|
Date: February 17, 2016 |
By: |
/s/ Jeffrey E. Holman |
|
|
Jeffrey E. Holman |
|
|
Chief Executive Officer |
EXHIBIT INDEX
Exhibit Number |
|
Description |
|
|
99.1 |
|
|
Press release dated February 17, 2016 |
|
|
|
|
Exhibit 99.1
Investor Contacts:
Gina Hicks
Chief Financial Officer
Phone: 888-482-7671
ghicks@vpco.com
VAPOR
CORP. ENTERS INTO STANDSTILL AGREEMENTS WITH HOLDERS OF ITS SERIES A WARRANTS
DANIA
BEACH, Fla., Feb. 17, 2016 — Vapor Corp. (OTC
PINKSHEETS: VPCO.PK) (the "Company"),
a leading U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, announced today that certain
holders (each, a “Holder”) of the Company’s Series A Warrants (the “Series A Warrants”) have entered
into standstill agreements with the Company (each, a “Standstill Agreement”), pursuant to which, among other things,
each Holder agreed not to exercise their Series A Warrants pursuant to the “cashless exercise” provisions of the Series
A Warrants prior to April 15, 2016, in whole or in part, which period may be extended in certain circumstances. These circumstances
include the Company being delayed beyond April 15, 2016 in meeting the requirements for listing or quotation on the OTCQX or the
OTCQB. The Standstill Agreements may be amended by Holders owning a majority of the issued and outstanding Series A Warrants executing
the Standstill Agreements. The Company is seeking to obtain Standstill Agreements from all of the holders of Series A Warrants.
In
addition, the Company has disclosed it no longer meets the “Equity Conditions” required to issue Company common stock
to fulfill a cashless exercise pursuant to Section 1(d) of its Series A Warrants. The Company, therefore, can no longer elect to
issue Company common stock in lieu of delivering of a cash payment upon an exercise pursuant to Section 1(d) of the Series A Warrants.
The Company is seeking to meet the requirements for quotation on the OTCQX or the OTCQB to comply with the Equity Conditions of
the Series A Warrants, including through the implementation of the 1:70 reverse stock split previously approved by the Company’s
stockholders.
About
Vapor Corp.
Vapor
Corp. 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
3001
Griffin Road | Ft. Lauderdale, FL 33312 | Phone: 1.888.766.5351 | Fax:
1.888.882.7095
www.vapor-corp.com
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.
SOURCE Vapor Corp.
3001
Griffin Road | Ft. Lauderdale, FL 33312 | Phone: 1.888.766.5351 | Fax:
1.888.882.7095
www.vapor-corp.com
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