Vapor Corp. will ask stockholders to approve two amendments to its Amended and Restated Certificate of Incorporation during a special meeting at its corporate office on Jan. 28.
The company is proposing a reverse stock split at a ratio between 1-for-10 and 1-for-70 shares of common stock to be determined by the board and a change in the par value of the common stock from $0.001 to $0.0001.
It is also seeking an amendment to increase the number of authorized shares of common stock from 500,000,000 shares, par value $0.001, to 5,000,000,000, par value $0.0001.
Based in Dania Beach, Florida, USA, Vapor Corp. is a distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs.