Business
Vapor Corp. Enters Into Standstill Agreements With Holders Of Over 80% Of Its Series A Warrants
Vapor Corp. Enters Into Standstill Agreements With Holders Of Over 80% Of Its Series A Warrants.
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[{"type":"text","content":"\n\n\n\nVapor Corp. Enters Into Standstill Agreements With Holders Of Over 80% 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 Standstill Agreements With Holders Of Over 80% Of Its Series A Warrants\nPR Newswire\nDANIA BEACH, Fla., Feb. 18, 2016\n\n\n\nDANIA BEACH, Fla., Feb. 18, 2016 /PRNewswire/ -- 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 warrantholders (each, a \"Holder\") owning in excess of 80% of the Company's Series A Warrants (the \"Series A Warrants\") have now 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. \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 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 t...