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E-Cite Motors (VAPR) Eliminates Over 3.3 Million Potentially Dilutive Shares by Paying Down Convertible Debt and Building Long-Term Value
E-Cite Motors (VAPR) Eliminates Over 3.3 Million Potentially Dilutive Shares by Paying Down Convertible Debt and Building Long-Term Value.
About this update from Vaporbrands International, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n E-Cite Motors (VAPR) Eliminates Over 3.3 Million Potentially Dilutive Shares by Paying Down Convertible Debt and Building Long-Term Value\r\n \r\n \r\n\r\n\r\nE-Cite Motors (VAPR) Eliminates Over 3.3 Million Potentially Dilutive Shares by Paying Down Convertible Debt and Building Long-Term Value\r\n\r\n\r\n\r\n\r\n\r\nManagement Moves Aggressively to Protect Shareholders and Strengthen the Capital Structure, Delivering on Its Promise to Minimize Dilution and Increase Value While Recent Debt Reduction and Lockup Agreement Demonstrate Long-Term Confidence BOTHELL, WASHINGTON / ACCESS Newswire / October 2, 2025 / VaporBrands International, Inc. dba E-Cite Motors (OTCID:VAPR) announced today that it has paid off its convertible note dated December 22, 2023, resulting in the elimination of approximately 3,300,000 shares from potentially being converted into common stock. This strategic action underscores management's ongoing commitment to protecting shareholders, strengthening the balance sheet, and increasing long-term shareholder value.https://app.accessnewswire.com/imagelibrary/42a23bf5-9d2d-4573-83b2-4986e36885e2/1081112/create-a-picture-of-remove-yelloe-logo-from-the-ho.png \r\n \r\n \r\n This milestone is part of a larger, concerted effort by E-Cite Motors to reduce and eliminate convertible debt obligations that could negatively impact the Company's share structure. The Company recently executed a Stock Lockup Agreement that effectively eliminated 90% of potential conversions that might have otherwise occurred over the next twelve months, ensuring that shareholders are protected from excessive dilution as the Company continues to execute on its business plan.\r\n \"We are delivering on our commitment to put shareholders first,\" said Barry Henthorn, CEO of E-Cite Motors. \"By paying down debt and eliminating millions of potential conversion shares, we are strengthening our capital structure and preserving shareholder value. This, combined with our lockup agreement, sends a clear message that our management team is focused on building a strong foundation for growth without compromising our investors' trust.\"\r\n Additional debt reductions are already in process as the Company advances its operational and financing strategies. These efforts are designed to minimize dilution, bolster the balance sheet, and ens...