DANIA BEACH, Fla., Oct. 19, 2015
/PRNewswire/ -- Vapor Corp. (NASDAQ CM: VPCO, VPCOU) (the
"Company"), a leading U.S.-based distributor and retailer of
vaporizers, e-liquids, e-cigarettes and e-hookahs, announced today
that shareholders of its common stock as of the August 18, 2015 record date have overwhelmingly
approved the four proposals voted on at the Special Meeting held on
Friday, October 16, 2015, per the
proxy filed by the Company on August 25,
2015.
The approved proposals were an amendment to increase the
Company's authorized shares of common stock; approval to issue
certain shares of common stock in compliance with the requirements
of the Nasdaq Capital Market; approval to amend the exercise price
of certain previously issued warrants in compliance with the
requirements of the Nasdaq Capital Market; and approval to amend
the conversion price of certain previously issued convertible notes
in compliance with the requirements of the Nasdaq Capital
Market.
A proposal on the proxy to amend the Company's Certificate of
Incorporation to increase the Company's authorized shares of
preferred stock was not submitted since it did not have approval of
over 50% of the voting shares.
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.
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SOURCE Vapor Corp.