DANIA BEACH, Fla., Oct. 19, 2015 /PRNewswire/ -- Vapor Corp. (NASDAQ CM: VPCO, VPCOU) (the "Company"), a leading U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, announced today that shareholders of its common stock as of the August 18, 2015 record date have overwhelmingly approved the four proposals voted on at the Special Meeting held on Friday, October 16, 2015, per the proxy filed by the Company on August 25, 2015.
The approved proposals were an amendment to increase the Company's authorized shares of common stock; approval to issue certain shares of common stock in compliance with the requirements of the Nasdaq Capital Market; approval to amend the exercise price of certain previously issued warrants in compliance with the requirements of the Nasdaq Capital Market; and approval to amend the conversion price of certain previously issued convertible notes in compliance with the requirements of the Nasdaq Capital Market.
A proposal on the proxy to amend the Company's Certificate of Incorporation to increase the Company's authorized shares of preferred stock was not submitted since it did not have approval of over 50% of the voting shares.
About Vapor Corp.
Vapor Corp., a NASDAQ company, is a U.S. based distributor and retailer of vaporizers, e-liquids and electronic cigarettes. It recently acquired the retail store chain "The Vape Store" as part of a merger with Vaporin, Inc. The Company's innovative technology enables users to inhale nicotine vapor without smoke, tar, ash or carbon monoxide. Vapor Corp. has a streamlined supply chain, marketing strategies and wide distribution capabilities to deliver its products. The Company's brands include VaporX®, Krave®, Hookah Stix® and Vaporin™ and are distributed to retail stores throughout the U.S. and Canada. The Company sells direct to consumer via e-commerce and Company-owned brick-and-mortar retail locations operating under "The Vape Store" brand.
SOURCE Vapor Corp.