Vapor Corp (OTCMKTS:VPCO) has extended its tender offer to buy its due Series ‘A’ Warrants, in agreement with the pertinent guidelines and rules governing these offers. This offer to buy warrants was previously going to expire on January 9, 2017. The company intends to buy up to nearly 32.262 million of its due Series “A” Warrants. Buy price is fixed at $0.22 a warrant, without interest, for a price of up to nearly $7.1 million.  As of January 9, nearly 10.173 million warrants of Series ‘A’ have been bid and not taken back.

The buzz

Series “A” Warrants holders planning to take part in the tender proposal need to abide the processes disclosed in Vapor’s proposal dated December 7 and the linked letter of transmittal. The information agent reported for this Tender Offer is Okapi Partners, and the depositary for the announced proposal is Equity Stock Transfer, LLC. Vapor reported that the Letter of Transmittal, related documents along with the Offer to Purchase, have been sent to the Series “A” Warrants holders.

Earlier in December, the firm released a PR stating that it has engaged Mr. John A. Ollet to become its new CFO. Jeffrey Holman, Vapor’s CEO, said that they are delighted to welcome Ollet to their team. He has broad financial experience that they require as they work on their acquisition and growth strategies. It is an exciting phase in the company’s growth and Ollet’s outstanding public firm experience turns him a best fit for their firm.

In the last trading session, the stock price of Vapor closed flat at $0.0001. The traded share volume was 107.64 million compared to average share volume of 71.12 million. VPR Brands LP (OTCMKTS:VPRB) posted record third quarter revenues of $608,354 which show an 889% jump from 2Q2016 revenues. This jump in revenues can be attributed to its acquisition of the wholesale segment and brands of Vapor.