marijuana stocks

Form 8-K for VAPOR CORP.

26-Jan-2015

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive AgreementOn January 20, 2015, Vapor Corp. (“Vapor”) and Vaporin, Inc. (“Vaporin”) entered into a Securities Purchase Agreement (“Securities Purchase Agreement”) with certain accredited investors providing for the sale of $350,000 of Vaporin’s Convertible Notes (the “Notes”). The Notes accrue interest on the outstanding principal at an annual rate of 10%. The principal and accrued interest on the Notes is due and payable on January 20, 2016. Assuming the merger between Vapor and Vaporin (the “Merger”) closes, the Notes will be convertible into Vapor common stock at the lower of (i) $1.08 or (ii) a 15% discount to a 20-trading day VWAP following the closing of the Merger (subject to a maximum issuance of 525,000 shares). If the Merger does not close, the Notes will not be convertible into either Vapor’s or Vaporin’s stock. Investors were provided with standard piggyback registration rights, which are conditioned on the Merger closing.

The Securities Purchase Agreement and a form of the Note are filed as exhibits under Item 9.01 and are incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.(d) Exhibits

Exhibit No.    Exhibit

10.1           Securities Purchase Agreement
10.2           Form of Note

 


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
1 comment
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

AgraFlora Organics International Inc. (AGRA) (PUFXF) Provides Guidance and Facility Expansion Updates at Toronto, ON Brewhouse

AgraFlora Organics Provides Guidance and Facility Expansion Updates at Toronto, ON Brewhouse;…

CLS Holdings USA, Inc. (CLSH) Reports Fiscal Third Quarter 2023 Financial Results

CLS Reports Fiscal Third Quarter 2023 Financial Results CLS Holdings USA, Inc.…

Future Farm Technologies Inc. (FFRMF) and TCG Investments Begin Construction on Two Puerto Rico Medical Marijuana Dispensaries

Future Farm and TCG Investments Begin Construction on Two Puerto Rico Medical…

$PLPL Announces First Shipment of Product to USA Customers

Plandai Biotechnology, Inc. Announces First Shipment of Product to USA Customers Plandaí…