Article Link 03/06/2017: Vapor Corp To Undergo Cor
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Posted On: 03/07/2017 10:16:36 AM
Article Link 03/06/2017: Vapor Corp To Undergo Corporate Name Change As Business Diversification Continues
http://mmjreporter.com/vapor-corp-otcmktsvpco...-2551.html
Vapor Corp (OTCMKTS:VPCO) has changed its name to “Healthier Choices Management Corp”, which better reflects its business focus on the management of healthier lifestyle alternatives and healthy food markets. Added to this, the company has also decided to change its ticker symbol to HCMC, which has been issued along with a new CUSIP number, by the SEC. The changes would go into effect on March 6, 2017.
The CEO of the company, Jeff Holman, pointed out that they were diversifying their business, into organic natural markets. He further reaffirmed that VPCO would not discontinue its Vape Store operations, as it continues to diversify its business into other healthier alternatives. Mr. Holman was of the view that the new name and symbol are a better representation of the path, the company has envisioned for its future.
In addition to this, Vapor Corp has also been working to improve its balance sheet. Prior to having its corporate name changed, VPCO had initiated a cash tender offer, to buy outstanding series A warrants, in a bid to reduce its debt. The tender offer remained valid until January 17, 2017 and the company was able to buy back over 10.07 million of its series A warrants, at $0.22 per warrant. Originally, VPCO had hoped that it would be able to buy back over 32.26 million of the outstanding warrants.
Upon having closed the tender offer on January 17, Vapor Corp announced that it would be buying back the tendered series A warrants for a total of $2.21 million in cash. Moreover, the company also revealed that approximately 48.95 million of its series A warrants still remain outstanding. Equity Stock Transfer LLC acted as the depository for this offering, while Okapi Partners acted as the information agent for this offering.
Vapor Corp (OTCMKTS:VPCO) did not record a change in its share value, during the March 3 trading session, despite a trade volume of 493.35 million, to close at $0.0001 per share.
http://mmjreporter.com/vapor-corp-otcmktsvpco...-2551.html
Vapor Corp (OTCMKTS:VPCO) has changed its name to “Healthier Choices Management Corp”, which better reflects its business focus on the management of healthier lifestyle alternatives and healthy food markets. Added to this, the company has also decided to change its ticker symbol to HCMC, which has been issued along with a new CUSIP number, by the SEC. The changes would go into effect on March 6, 2017.
The CEO of the company, Jeff Holman, pointed out that they were diversifying their business, into organic natural markets. He further reaffirmed that VPCO would not discontinue its Vape Store operations, as it continues to diversify its business into other healthier alternatives. Mr. Holman was of the view that the new name and symbol are a better representation of the path, the company has envisioned for its future.
In addition to this, Vapor Corp has also been working to improve its balance sheet. Prior to having its corporate name changed, VPCO had initiated a cash tender offer, to buy outstanding series A warrants, in a bid to reduce its debt. The tender offer remained valid until January 17, 2017 and the company was able to buy back over 10.07 million of its series A warrants, at $0.22 per warrant. Originally, VPCO had hoped that it would be able to buy back over 32.26 million of the outstanding warrants.
Upon having closed the tender offer on January 17, Vapor Corp announced that it would be buying back the tendered series A warrants for a total of $2.21 million in cash. Moreover, the company also revealed that approximately 48.95 million of its series A warrants still remain outstanding. Equity Stock Transfer LLC acted as the depository for this offering, while Okapi Partners acted as the information agent for this offering.
Vapor Corp (OTCMKTS:VPCO) did not record a change in its share value, during the March 3 trading session, despite a trade volume of 493.35 million, to close at $0.0001 per share.
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All references to "My", "I", and “The writer of the above post” shall refer to the creator.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
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