VPR Brands sells $300K of future receivables for $250K to BRMS, LLC

VPR Brands, LP.

Entered Purchase Agreement on Oct 28, 2022 to sell $300,000 of future receivables for $250,000.
Buyer is BRMS, LLC; discount of $50,000 (16.7%) on the face value.
Contains customary representations, warranties, and covenants.
Agreement filed as Exhibit 10.1 to Form 8-K.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VPR Brands, LP. entered into Purchase Agreement with BRMS, LLC valued at $250,000 (effective 2022-10-28).

Action: entry
Counterparty: BRMS, LLC
Value: $250,000
Effective: 2022-10-28

Exact text from the filing

On October 28, 2022, VPR Brands, LP (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) by and between the Company and BRMS, LLC (“BRMS”).

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VPR Brands, LP. filing history →

Source: SEC EDGAR

accession 0001213900-22-069378

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