VPR Brands LP amends Class A preferred units: authorized increased to 250M, stated value cut to $1, dividend eliminated

VPR Brands, LP.

Authorized Class A preferred units increased from 1M to 250M; stated value lowered from $2.00 to $1.00 per unit.
Annual dividend on preferred units eliminated; no mandatory distribution or dividend rights.
Preferential liquidation rights eliminated; preferred units now rank pari passu with common on liquidation.
Conversion rights revised: conversion requires common closing price >= $1.15 for 20 consecutive days before July 31, 2030, replacing prior 85% VWAP formula.
Preferred units are non-transferable without Company consent and have no voting rights.

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. amended Third Amendment to the Limited Partnership Agreement with Soleil Capital Management L.L.C. (effective 2026-04-28).

Action: amendment
Agreement: collaboration
Counterparty: Soleil Capital Management L.L.C.
Effective: 2026-04-28

Exact text from the filing

On April 28, 2026, Soleil Capital Management L.L.C. (the “General Partner”), the general partner of VPR Brands, LP (the “Company”), executed the Third Amendment (the “Third Amendment”) to the Limited Partnership Agreement, as amended (the “Agreement”), in order to amend the terms of the Company’s Class A preferred units.

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VPR Brands, LP. filing history →

Source: SEC EDGAR

accession 0001213900-26-051180

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