Company sells common shares through lead agent Chardan Capital Markets
By Devika Patel
Knoxville, Tenn., April 7 - Vaporin, Inc. gave further details on a $2.43 million private placement of stock in an 8-K filed Monday with the Securities and Exchange Commission. The deal was announced on April 1, the first settlement date, and a subsequent closing took place on April 7.
The company sold 24,299,650 common shares at $0.10 per share, which is a 23.08% discount to the March 31 closing share price of $0.13.
Chardan Capital Markets, LLC was the lead agent.
Vaporin is a Miami-based maker and marketer of electronic cigarettes, vaporizers, e-liquids and e-hookah products.
| Issuer: | Vaporin, Inc.
|
| Issue: | Common shares
|
| Amount: | $2,429,965
|
| Shares: | 24,299,650
|
| Price: | $0.10
|
| Warrants: | No
|
| Agent: | Chardan Capital Markets, LLC (lead)
|
| Settlement dates: | April 1, April 7
|
| Stock symbol: | OTCBB: VAPO
|
| Stock price: | $0.13 at close March 31
|
| Market capitalization: | $16.49 million
|
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