{"id":1718,"date":"2015-03-05T19:11:59","date_gmt":"2015-03-05T19:11:59","guid":{"rendered":"https:\/\/palladiumcapital.com\/?p=1718"},"modified":"2015-03-16T15:50:27","modified_gmt":"2015-03-16T15:50:27","slug":"palladium-capital-advisors-completes-3500000-private-placement-for-vapor-corp-nasdaqcmvpco","status":"publish","type":"post","link":"https:\/\/www.palladiumcapital.com\/palladium-capital-advisors-completes-3500000-private-placement-for-vapor-corp-nasdaqcmvpco\/","title":{"rendered":"Palladium Capital Advisors Completes $3,500,000 Private Placement for Vapor Corp. (NasdaqCM:VPCO)"},"content":{"rendered":"<p><a href=\"https:\/\/palladiumcapital.com\/wp-content\/uploads\/2015\/03\/VPCO-Tombstone-2015-3.5M.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright wp-image-1719 size-medium\" src=\"https:\/\/palladiumcapital.com\/wp-content\/uploads\/2015\/03\/VPCO-Tombstone-2015-3.5M-263x300.jpg\" alt=\"VPCO Tombstone (2015 - $3.5M)\" width=\"263\" height=\"300\" srcset=\"https:\/\/www.palladiumcapital.com\/wp-content\/uploads\/2015\/03\/VPCO-Tombstone-2015-3.5M-263x300.jpg 263w, https:\/\/www.palladiumcapital.com\/wp-content\/uploads\/2015\/03\/VPCO-Tombstone-2015-3.5M.jpg 570w\" sizes=\"(max-width: 263px) 100vw, 263px\" \/><\/a><\/p>\n<p>NEW YORK, NY \u2013 Palladium Capital Advisors, LLC today announced that it acted as sole\u00a0placement agent for Vapor Corp. (NASDAQ CM: VPCO) in its $3,500,000 private offering of common stock and warrants.<\/p>\n<p>&nbsp;<\/p>\n<p>Vapor Corp. (\u201cVapor\u201d, the \u201cCompany\u201d) is a U.S. based distributor and retailer of vaporizers, eliquids, and electronic cigarettes. Concurrent with the equity financing, Vapor and and Vaporin, Inc. (OTCQB: VAPO) announced the completion of a previously announced merger of the two companies.<\/p>\n<p>&nbsp;<\/p>\n<p>Per the terms of the agreement, Vapor issued 13,591,549 shares of common stock to Vaporin shareholders, assumed Vaporin\u2019s restricted stock units and warrants and simultaneously completed a $3.5 million equity financing in conjunction with the closing of the transaction.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThis merger brings together a number of operating strengths that we expect to leverage to drive growth, including a national distribution network, expanded retail operations and management teams with a proven record of success,\u201d stated Jeffrey Holman, Chief Executive Officer of Vapor Corp, who will lead the new company.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThrough this merger we expect to capitalize on the success of \u2018The Vape Store\u2019 brand, which provides us with a superior retail model to further penetrate the $1.2 billion vape shop retail channel. This strategy mirrors a general shift in customer preferences, as roughly onethird of the $3.5 billion retail purchases in the U.S. occur at vape shops, shifting from cstore, food, drug and mass retail channels,\u201d Mr. Holman continued. \u201cWe were one of the first companies to identify this shift and have developed retail strategies, including opening and acquiring more than a dozen vape shops in multiple states across the country.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, NY \u2013 Palladium Capital Advisors, LLC today announced that it acted as sole\u00a0placement agent for Vapor Corp. (NASDAQ CM: VPCO) in its $3,500,000 private offering of common stock and warrants. &nbsp; Vapor Corp. (\u201cVapor\u201d, the \u201cCompany\u201d) is a U.S. based distributor and retailer of vaporizers, eliquids, and electronic cigarettes. Concurrent with the equity [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts\/1718"}],"collection":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/comments?post=1718"}],"version-history":[{"count":0,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/posts\/1718\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/media?parent=1718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/categories?post=1718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.palladiumcapital.com\/wp-json\/wp\/v2\/tags?post=1718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}