secwatch.observer — SEC 8-K summary
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Issuer:     VPR Brands, LP. (VPRB)
CIK:        0001376231
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001213900-23-020306
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

VPR Brands' licensee EBL sublicenses IP to Elf Group; minimum monthly royalty of $250k
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- EBL sublicensed VPR Brands' trademark (ELF) and patent for electronic cigarettes and related products to affiliated Elf Group Inc.
- Minimum monthly royalty of $250,000 payable to VPR Brands beginning 90 days after March 10, 2023 (approx. June 2023).
- The EBL Sublicense does not affect the original License Agreement, which remains in full force.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376231/000121390023020306/0001213900-23-020306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376231/000121390023020306/ea175265-8k_vprbrands.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-020306

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer