E-Cite Motors (VAPR) Eliminates Over 3.3 Million Potentially Dilutive Shares by Paying Down Convertible Debt and Building Long-Term Value

Core Insights - VaporBrands International, Inc. has eliminated approximately 3,300,000 shares from potential conversion into common stock by paying off its convertible note dated December 22, 2023, demonstrating a commitment to minimizing dilution and enhancing shareholder value [1] Company Actions - The company has taken aggressive management moves to protect shareholders and strengthen its capital structure [1] - The recent debt reduction and lockup agreement reflect long-term confidence in the company's strategy and financial health [1]