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): September 17, 2021
VPR BRANDS, LP
(Exact name of registrant as specified in its charter)
|
|
|
|
|
|
|
Delaware
|
|
000-54435
|
|
45-1740641
|
|
(State or other jurisdiction of
incorporation or organization)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
3001 Griffin Road, Fort Lauderdale, FL 33312
(Address of principal executive offices)
(954) 715-7001
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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 (see General Instruction A.2. below):
☐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))
Securities registered pursuant to Section 12(b) of the Act:
|
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on which registered
|
|
N/A
|
|
N/A
|
|
N/A
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
|
|
Item 1.01.
|
Entry into a Material Definitive Agreement.
|
On September 17, 2021, VPR Brands, LP (the “Company”)
issued a promissory note in the principal amount of $100,001 (the “September 2021 Note”) to Kevin Frija, who is the Company’s
Chief Executive Officer, President, principal financial officer, principal accounting officer and Chairman of the Board, and a significant
stockholder of the Company. The principal amount due under the September 2021 Note bears interest at the rate of 24% per annum, and the
September 2021 Note permits Mr. Frija to deduct one ACH payment from the Company’s bank account in the amount of $500 per business
day until the principal amount due and accrued interest is repaid. Any unpaid principal amount and any accrued interest is due on September
17, 2022. The September 2021 Note is unsecured.
The foregoing description of the September 2021 Note
does not purport to be complete and is qualified in its entirety by reference to the September 2021 Note, a copy of which is filed as
Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated herein by reference.
|
|
Item 2.03.
|
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
|
The information provided above in Item 1.01 above
is incorporated by reference into this Item 2.03.
|
|
Item 9.01
|
Financial Statements and Exhibits
|
(d) Exhibits
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.
|
Dated: September 22, 2021
|
VPR BRANDS, LP
|
|
|
|
|
|
|
By:
|
/s/ Kevin Frija
|
|
|
|
Kevin Frija
|
|
|
|
Chief Executive Officer
|