Vapor, Corp. (NASDAQ:VPCO) Announces Commencement of Tender Offer For Repurchase Of Outstanding Series A Warrants, How Will the Market Respond?

U.S.-based retailer of vaporizers, e-liquids and electronic cigarettes, operating thirteen retail stores in the Southeast and online, Vapor, Corp. (NASDAQ:VPCO), announces that it has commenced a tender offer to purchase Over 32 million of its outstanding Series A Warrants for approximately $7 million.

HOLLYWOOD, Fla., Dec. 7, 2016 /PRNewswire/ — Vapor Corp. (OTC Pink: VPCO) (“Vapor” or the “Company”) today announced that it has commenced a tender offer to purchase up to 32,262,152 of its outstanding Series A Warrants (the “Series A Warrants”) at a purchase price of $0.22 per warrant, in cash, without interest, for an aggregate purchase price of up to approximately $7.1 million.

As of December 5, 2016, Vapor had 58,986,283 outstanding Series A Warrants. The number of Series A Warrants that Vapor is offering to purchase represents approximately 54 percent of its outstanding Series A Warrants. The Series A Warrants are not listed for trading on any market. Each outstanding Series A Warrant can be exercised for common stock on a fixed price basis, or on a cashless basis for a variable number of shares, with the ratio depending in part on the market value of the Company’s common stock. Any figures with respect to the Series A Warrants do not give effect to the two reverse splits of the Company common stock in 2016.

The tender offer is not conditioned on any minimum number of Series A Warrants being tendered. However, the tender offer is subject to certain other conditions.

If more than 32,262,152 Series A Warrants are duly tendered and not properly withdrawn, Vapor will purchase Series A Warrants from tendering warrant holders on a pro rata basis (disregarding fractions), in accordance with the number of Series A Warrants duly tendered by or on behalf of each warrant holder (and not so withdrawn). The tender offer will expire at midnight, Eastern Time, on January 9, 2017, or such later time and date to which Vapor may extend the tender offer.

Okapi Partners is acting as the information agent for the tender offer, and the depositary for the tender offer is Equity Stock Transfer, LLC. The offer to purchase, form of letter of transmittal, and related documents are being distributed to holders of Series A Warrants. For questions and information, please call the information agent toll free at (877) 629-6356 (banks and brokers call (212) 297-0720).

Important Notice

This press release is neither an offer to purchase nor a solicitation of an offer to sell any Series A Warrants. The offer to purchase and the solicitation of offers to sell are only being made solely pursuant to the offer to purchase dated December 7, 2016, the related letter of transmittal and other offer materials included as exhibits to the tender offer statement on Schedule TO that Vapor will file today with the SEC. The tender offer statement (including the offer to purchase, related letter of transmittal and other offer materials) contains important information that should be read carefully and considered before any decision is made with respect to the tender offer. These materials are being distributed free of charge to all holders of Series A Warrants. In addition, these materials (and all other materials filed by Vapor with the SEC) will be available at no charge from the SEC through its website at www.sec.gov. Holders of Series A Warrants may also obtain free copies of the documents filed with the SEC by Vapor by directing a request to the information agent at Okapi Partners, 1212 Avenue of the Americas, 24th Floor, New York, New York 10036, info@okapipartners.com. Holders of Series A Warrants are urged to read the tender offer documents and the other relevant materials before making any investment decision with respect to the tender offer because they contain important information about the tender offer.

About Vapor Corp.

Vapor Corp. is a U.S.-based retailer of vaporizers, e-liquids and electronic cigarettes, operating thirteen retail stores in the Southeast and online.

Through its wholly owned subsidiary, Healthy Choice Markets, Inc., the Company also operates natural and organic grocery operations. The initial store acquired for these operations in June 2016 is Ada’s Natural Market in Ft. Myers, Florida.

Original Source

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Vapor, Corp. (NASDAQ:VPCO) shares are trading +0.0000% on the news and in the range of $0.0001 – 0.0001 during the current trading session.  When taking a look at which direction the stock might be headed, investors often look to brokerage analysts who cover the stock.  Sell-side research firms on Wall Street currently have a consensus one-year price target of $6.0000 on the stock.  This is according to brokerage analysts polled by Thomson Reuters First Call.

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Sell-side analysts are projecting earnings per share of $0.0000 for the next fiscal quarter.  For the current year, analysts are predicting earnings of $-0.1500 per share according to First Call.

In looking at where the stock is trading on a technical level, the stock is trading -99.9504% away from its 50-day moving average of $0.2015.  Based on the most recent available data, the equity is -99.9987% off of its 52-week high of $7.7000 and +66.6667% away from its 52-week low which is $0.0001.

Today, the stock opened at $0.0001 and the last bid at the time of writing stood at $0.0001.  During the session thus far, the equity dipped down to $0.0001 and touched $0.0001 as the high point.  Vapor, Corp. (NASDAQ:VPCO) has a market cap of $807,271.12 and has seen an average daily volume of 3,851,100 over the past three months.

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Disclaimer: Nothing contained in this publication is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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