U.S. based retailer of vaporizers, e-liquids and electronic cigarettes, operating thirteen stores in the Southeast and online, Vapor, Corp. (OTCMKTS:VPCO), has announced an extension of its cash tender offer.
HOLLYWOOD, Fla., Jan. 9, 2017 /PRNewswire/ — Vapor Corp. (OTC Pink: VPCO) (“Vapor” or the “Company”) announced today that it has extended its previously announced tender offer to purchase its outstanding Series A Warrants (the “Series A Warrants”), in accordance with the applicable rules and regulations governing tender offers, until 5:00 p.m., Eastern time, on January 17, 2017, unless further extended or terminated. The tender offer to purchase Series A Warrants was previously scheduled to expire at midnight, Eastern time, on January 9, 2017. Vapor is seeking to purchase up to 32,262,152 of its outstanding 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 As of 4:00 p.m. Eastern time on January 9, 2017, 10,173,966 Series A Warrants have been tendered and not withdrawn.
Holders of Series A Warrants wishing to participate in the tender offer should follow the procedures set forth in the Company’s offer to purchase dated December 7, 2016 (the “Offer to Purchase”) and the related letter of transmittal (the “Letter of Transmittal”) (the Offer to Purchase and the Letter of Transmittal together, as they may be amended or supplemented from time to time, the “Offer”).
Okapi Partners is acting as the information agent for the Offer, and the depositary for the Offer is Equity Stock Transfer, LLC. The Offer to Purchase, the Letter of Transmittal and related documents have been distributed to holders of the Series A Warrants. For questions and information, please call the information agent at (877) 629-6356 (banks and brokers call (212) 297-0720).
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 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 has filed 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) are 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, firstname.lastname@example.org. 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 stores in the Southeast and online.
Through its 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.
Safe Harbor Statement
Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: The material contained in this press release may include statements that are not historical facts and are considered “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Vapor Corp.’s current views about future events, financial performances, and project development. These “forward-looking” statements are identified by the use of terms and phrases such as “will,” “believe,” “expect,” “plan,” “anticipate,” and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Vapor’s expectations. These risk factors include, but are not limited to, the risks and uncertainties identified by Vapor Corp. under the headings “Risk Factors” in its latest Annual Report on Form 10-K. These factors are elaborated upon and other factors may be disclosed from time to time in Vapor Corp.’s filings with the Securities and Exchange Commission. Vapor Corp. expressly does not undertake any duty to update forward-looking statements.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vapor-corp-announces-extension-of-cash-tender-offer-to-purchase-outstanding-series-a-warrants-300388199.html
Vapor, Corp. (OTCMKTS:VPCO) shares are moving +0.00000% on the news today and have traded in the range of $0.00007 – 0.00010 during the current trading session. A number of brokerage analysts have recently weighed in on the stock, providing price target projections. The covering firms currently have a consensus one-year price target of $6.00000 on the stock. This is according to brokerage analysts polled by Thomson Reuters First Call. This is the average number from the individual targets provided by the firms. Analysts are projecting earnings per share of $0.00000 for the next fiscal quarter. For the current year, analysts are predicting earnings of $-0.15000 per share according to First Call.
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In looking at where Vapor, Corp. (OTCMKTS:VPCO) is trading on a technical level, the stock is trading -99.96526% away from its 50-day moving average of $0.20152. Based on the most recent available data, the equity is -100.00000% off of its 52-week high of $446600.31250 and +0.00000% away from its 52-week low which is $0.00007.
Today, the stock opened at $0.00010 and the last bid at the time of writing stood at $0.00007. During the session thus far, the equity dipped down to $0.00007 and touched $0.00010 as the high point. Vapor, Corp. (OTCMKTS:VPCO) has a market cap of $565089.81 and has seen an average daily volume of 3,851,100 over the past three months.
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Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.