Recent 8-K filings for VPRB
Highest-materiality recent filing
VPR Brands settles patent litigation with R.J. Reynolds for $14.9M, grants perpetual license
- Received $14.9M from R.J. Reynolds Vapor Company to settle patent dispute and grant a non-exclusive, worldwide, perpetual license under U.S. Patent No. 8,205,622 B2.
- License covers all past, current, and future 'Licensed Products' (vaping products) made by R.J. Reynolds and its affiliates.
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VPR Brands enters $11M patent license and settlement agreement with JUUL Labs
VPR Brands receives $11M from JUUL Labs in settlement and license deal for U.S. Patent No. 8,205,622 B2.
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VPR Brands pays $135,000 to settle Dissim royalty obligations, eliminating future royalties
Paid $45,000 each to three Dissim Sellers ($135,000 total) in full satisfaction of remaining royalty.
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VPR Brands settles patent litigation with R.J. Reynolds for $14.9M, grants perpetual license
Received $14.9M from R.J. Reynolds Vapor Company to settle patent dispute and grant a non-exclusive, worldwide, perpetual license under U.S. Patent No. 8,205,622 B2.
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Authorized Class A preferred units increased from 1M to 250M; stated value lowered from $2.00 to $1.00 per unit.
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VPR Brands settles ELF trademark litigation, receives $5.25M, assigns trademark to iMiracle
Settlement resolves multiple lawsuits over ELF trademark and '622 patent; total consideration $5.25M, VPR nets $3.2M after fees.
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VPR Brands settles patent dispute with Pop Vapor; gains $30K cash and $0.05/unit royalty
Settlement resolves patent infringement lawsuit over Auto Draw Technology (US Patent 8,205,622).
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VPR Brands settles patent dispute with 7 Daze for $100,000; grants license
Settlement covers U.S. Patent 8,205,622 for auto-draw e-cigarettes used in Ohmlet and Egge brands.
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VPR Brands awards 1.22M restricted shares each to CEO and COO as 2023 bonus
CEO Kevin Frija receives 1,221,385 restricted common units as 2023 year-end bonus.
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VPR Brands names Turning Point Brands Canada exclusive distributor for HoneyStick in Canada
Exclusive distribution agreement effective Jan 1, 2024, initial term 36 months for HoneyStick vape/smoking products in Canada.
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VPR Brands settles ELF trademark lawsuit; Safa Goods to pay $5.3M plus royalties
Settlement with Safa Goods LLC resolves lawsuits against Shenzhen Weiboli and distributors over ELFBAR products infringing VPR's ELF trademark and patent.
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VPR Brands' licensee EBL sublicenses IP to Elf Group; minimum monthly royalty of $250k
EBL sublicensed VPR Brands' trademark (ELF) and patent for electronic cigarettes and related products to affiliated Elf Group Inc.
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VPR Brands receives $500,000 prepaid royalty from licensee Elf Brand LLC
Elf Brand LLC prepaid a $500,000 monthly royalty on March 1, 2023 under a License Agreement dated Jan 2, 2023.
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VPR Brands sells $300K of future receivables for $250K to BRMS, LLC
Entered Purchase Agreement on Oct 28, 2022 to sell $300,000 of future receivables for $250,000.
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VPR Brands settles patent lawsuit with MONQ for $275,000; dismisses action
Settlement sum $275,000 payable over 15 months; first $25k due October 10, 2022.
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VPR Brands issues $100K promissory note to CEO Kevin Frija at 24% interest
Promissory note for $100,001 issued to CEO Kevin Frija on Sept 20, 2022.
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VPR Brands settles patent infringement lawsuit with Myle Vape for $125,000
Settlement resolves patent infringement action (U.S. Patent No. 8,205,622) brought by VPR against Myle Vape and MVH I.
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VPR Brands issues $250K promissory note at 18% interest to Daiagi
Principal amount $250,000, interest rate 18% per annum, payable monthly.
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VPR Brands settles patent suit with XL Vape, VGOD, Saltnic for $155k; grants license
XL Vape, VGOD, and Saltnic collectively pay VPR $155,000 to settle patent infringement action.
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VPR Brands dismisses Prager Metis as auditor, appoints Paris, Kreit & Chiu CPA LLP
Prager Metis advised on Feb 28, 2022 it would not stand for reappointment as independent auditor.
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VPR Brands borrows $100k from CEO at 24% interest with daily ACH repayment
Issued $100,001 promissory note to CEO Kevin Frija on January 25, 2022.
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VPR Brands issues $200,002 in promissory notes to CEO Kevin Frija at 24% interest
Two unsecured promissory notes for $100,001 each issued to CEO Kevin Frija on Jan 18 and Jan 19, 2022.
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VPR Brands settles patent infringement suit with PHD Marketing for $85,000
PHD will pay VPR $85,000 by Dec 31, 2021 to settle patent infringement claims.
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VPR Brands issues $100,001 promissory note to CEO at 24% interest with daily ACH withdrawals
Issued $100,001 unsecured promissory note to CEO Kevin Frija on Dec 8, 2021.
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VPR Brands settles patent lawsuit with NEPA for $275,000; grants license
NEPA pays VPR $275,000 settlement within 14 days of effective date.
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VPR Brands issues $100,001 promissory note to CEO Kevin Frija at 24% interest
Company issued $100,001 unsecured promissory note to CEO/Chairman Kevin Frija, maturing Oct 8, 2022.
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VPR Brands issues $100,001 promissory note to CEO Kevin Frija at 24% interest
On September 17, 2021, VPR Brands issued an unsecured promissory note to CEO Kevin Frija for $100,001.
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VPR Brands issues $100K promissory note to CEO Kevin Frija at 24% interest
$100,001 principal note issued to CEO Kevin Frija on July 12, 2021 with 24% annual interest.
Materiality & sentiment trend
Max materiality 0.85 · Median 0.50 · Most common event other_material