Vapor plans to sell 3.8 million preferred units in its public offering

Series A convertible preferreds sold with warrants by Dawson James

By Devika Patel

Knoxville, Tenn., July 10 – Vapor Corp. will sell 3.8 million units in its public offering, according to a Form S-1/A filed Friday with the Securities and Exchange Commission. The deal was announced on June 1.

The units will each consist of 0.25 series A convertible preferred shares and 10 warrants. Each preferred is convertible into five common shares.

Dawson James Securities, Inc. is the bookrunner.

Proceeds will be used for debt repayment, acquisitions or development of vape stores, marketing and general corporate purposes, including working capital.

Based in Fort Lauderdale, Fla., Vapor makes and sells electronic cigarettes.

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