VPRB 8-K: VPR Brands settles ELF trademark litigation, receives $5.25M, assigns trademark to iMiracle

VPR Brands settles ELF trademark litigation, receives $5.25M, assigns trademark to iMiracle

VPR Brands, LP.

Settlement resolves multiple lawsuits over ELF trademark and '622 patent; total consideration $5.25M, VPR nets $3.2M after fees.

VPR assigns all rights to '616 ELF trademark and elf-formative marks to iMiracle (HK) Limited, with associated goodwill assets.

VPR grants defendants a fully paid, worldwide, perpetual, non-exclusive license to U.S. Patent 8,205,622 ('622 Patent).

75-day sell-off period for existing ELF inventory; no new ELF-branded products may be manufactured after effective date.

VPR must withdraw all pending trademark opposition/invalidation proceedings worldwide within 10 business days.

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 Litigation Resolution Agreement with Shenzhen Weiboli Technology Co, Ltd, Shenzhen iMiracle Technology Co. Ltd., iMiracle (HK) Limited, Heaven Gifts International Limited, YLSN Distribution LLC, ECTO World LLC, D&A Distribution LLC, UNISHOW (U.S.A.), Inc., SV3 LLC d/b/a MI-POD, Kingdom Vapor Inc., GD Sigelei Electronic Tech. Co Ltd., W valued at $5,250,000 (effective 2026-01-30).

Action: entry
Agreement: settlement
Counterparty: Shenzhen Weiboli Technology Co, Ltd, Shenzhen iMiracle Technology Co. Ltd., iMiracle (HK) Limited, Heaven Gifts International Limited, YLSN Distribution LLC, ECTO World LLC, D&A Distribution LLC, UNISHOW (U.S.A.), Inc., SV3 LLC d/b/a MI-POD, Kingdom Vapor Inc., GD Sigelei Electronic Tech. Co Ltd., W
Value: $5,250,000
Effective: 2026-01-30

Exact text from the filing

On January 30, 2026, VPR Brands, LP (the "Company") and Elf Brand, LLC, an unaffiliated licensee of the Company ("EBL"), entered into a Litigation Resolution Agreement (the "Agreement") with Shenzhen Weiboli Technology Co, Ltd ("Weiboli"), Shenzhen iMiracle Technology Co. Ltd. ("SIT"), iMiracle (HK) Limited ("iMiracle"), Heaven Gifts International Limited ("Heaven Gifts"), YLSN Distribution LLC ("YLSN"), ECTO World LLC ("ECTO"), D&A Distribution LLC ("D&A"), UNISHOW (U.S.A.), Inc. ("UNISHOW"), SV3 LLC d/b/a MI-POD ("MI-POD"), Kingdom Vapor Inc. ("Kingdom Vapor"), and GD Sigelei Electronic Tech. Co Ltd. ("GD Sigelei"), Waterfall Holding LLC ("Waterfall"), LA Vapor, Inc. ("LA Vapor"), World Wholesale Inc. ("WWI"), G&A Wholesale Distributors Inc. ("G&A"), and Kloud King Distributors, Inc. d/b/a KKSMOKE.COM ("Kloud King" and collectively with Weiboli, SIT, iMiracle, Heaven Gifts, YLSN, ECTO, D&A, UNISHOW, MI-POD, Kingdom Vapor, GD Sigelei, Waterfall, LA Vapor, WWI and G&A, the "Defendants"

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