VPR Brands, LP.

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.

VPR Brands reported a net income of $1.94 million for the first quarter of 2026, a significant turnaround from a net loss in the prior year, primarily driven by a $3.09 million litigation settlement. The company's cash balance surged to $2.69 million, and working capital improved to a positive $1.12 million, alleviating prior going concern doubts. Despite these financial improvements, total revenue decreased to $580,071, largely due to a drop in product sales and the termination of a royalty-generating license.

VPR Brands, LP. executed the Third Amendment to its Limited Partnership Agreement, significantly modifying the terms of its Class A preferred units. The changes include a substantial increase in authorized units from 1,000,000 to 250,000,000 and a decrease in stated value from $2.00 to $1.00 per unit. Key rights such as mandatory annual dividends and preferential liquidation rights were eliminated, with preferred units now ranking pari passu with common units on liquidation. Additionally, the conversion rights for Class A preferred units were revised.