AcquisitionsJul 20, 2026, 08:01 AM
VPR Brands Pays $135K to End Dissim Royalty Obligations
AI Summary
VPR Brands, LP. announced a final payment of $135,000 to the Dissim Sellers, effectively terminating all future royalty obligations related to its 2020 acquisition of the "Dissim" business. This payment, made on July 15, 2026, settles the previous agreement for a 5% royalty on gross proceeds from Dissim brand lighter sales. The company confirmed that the acquisition of the Dissim business and its intellectual property remains fully effective, and it continues to own the acquired patents.
Key Highlights
- VPR Brands paid $135,000 in aggregate to Dissim Sellers.
- Each of the three Dissim Sellers received $45,000.
- The payment represents final consideration for remaining royalty obligations.
- The original royalty was 5% of gross proceeds from Dissim brand lighter sales.
- The agreement to terminate royalties was made on July 15, 2026.
- The original Dissim business acquisition occurred on September 22, 2020.
Price Impact
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