CHATSWORTH, CA--(Marketwired - Dec 16, 2015) - VAPE Holdings, Inc. (
Per the terms of the Common Stock Purchase Agreement entered into by and between the institutional accredited investor and the Company, the common stock issuance price will be at only a 10% discount to market of the average of the three (3) trading days immediately preceding the date of issuance which will be a date six (6) months from the date of the agreement. The investment is not a debt financing and contains no conversion, security or other related provisions.
"We here at VAPE view this direct equity investment as a positive reaction to the recent management and business changes initiated last week. Management is well aware of the negative impact recent debt financings have had on the market perception of VAPE," stated newly-appointed CEO Justin Braune. "Our new direction at VAPE is focused on executing on our core business efficiencies in the vaporizer and consumer products space while engaging with responsible financing partners to fuel our growth moving forward as needed. We appreciate the vote of confidence our financing partner has given to the long-term success of VAPE and we intend to validate their support as we launch exciting new products and initiatives at VAPE the rest of this year and into early 2016."
About Vape Holdings, Inc.
VAPE Holdings, Inc. focuses on designing, marketing, and distributing various vaporization products. The company offers medical and food grade ceramic products primarily under the HIVE Ceramics brand throughout North America, Europe and South America. HIVE offers a nonporous, non-corrosive, chemically inert ceramic vaporization element, which can be used for a range of applications, including stand-alone vaporization products and electronic cigarettes. The company is based in Chatsworth, California.
For more information on HIVE Ceramics and to visit our e-commerce site, please visit: http://www.hiveceramics.com.
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for VAPE Holdings' products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in VAPE Holdings' filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting VAPE Holdings please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. VAPE Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.