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Vapor Corp. Enters Into Amended and Restated Standstill Agreements With Holders Of Its Series A Warrants
Vapor Corp. Enters Into Amended and Restated Standstill Agreements With Holders Of Its Series A Warrants.
About this update from Healthier Choices Management Corp.
[{"type":"text","content":"\n\n\n\nVapor Corp. Enters Into Amended and Restated Standstill Agreements With Holders Of Its Series A Warrants\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nVapor Corp. Enters Into Amended and Restated Standstill Agreements With Holders Of Its Series A Warrants\nPR Newswire\nDANIA BEACH, Fla., March 16, 2016\n\n\n\nDANIA BEACH, Fla., March 16, 2016 /PRNewswire/ -- Vapor Corp. (OTCQB: VPCOD) (the \"Company\"), a leading U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, announced today that the Series A Warrant Standstill Agreements (the \"Amended Standstill Agreements\") have been amended and restated to extend the exercise restriction on the Series A Warrants.  Pursuant to the terms of the Amended Standstill Agreements, on any given trading day that a holder (each, a \"Holder) of the Series A Warrant wishes to exercise its Series A Warrants, such Holder has agreed that it will not exercise its Series A Warrant into a number of shares of common stock in excess of its pro-rata percentage of, in the aggregate among all Holders, 50% of the daily average composite trading volume of the Company's common stock for the three trading day period immediately prior to exercise.  If a Holder does not exercise its pro-rata portion on a given trading day, the unexercised amounts do not roll over and cumulate with subsequent trading days.  More than 85% of the Series A Warrants are subject to the Amended Standstill Agreement.\n\nAbout 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 Vale 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 th...