VPR Brands, LP. 8-K

What Happened
VPR Brands, LP announced in an 8-K that on July 15, 2026 it agreed to pay the three Dissim sellers a total of $135,000 ($45,000 each) to satisfy the remaining royalty obligations related to its September 22, 2020 acquisition of the Dissim business and assets. The payment eliminates future royalty payments to those sellers under the original agreement. The company states the prior acquisition remains effective and its ownership of the acquired Dissim intellectual property continues.

Key Details

• Original acquisition date: September 22, 2020; sellers: Brian Condron, Kegan McDaniel, and C.S. Explorations, LLC.
• Royalty originally: 5% of gross proceeds on Dissim-branded lighter sales (plus additional royalty on certain inventory and reporting obligations).
• Settlement payment: $45,000 to each seller, aggregate $135,000, paid July 15, 2026, as final consideration — no further royalties due.
• Dissim IP retained by VPR Brands, including U.S. Provisional Application No. 62/589,350 (filed Nov. 21, 2017), U.S. Patent No. 10,948,187 (from Ser. No. 16/196,510 filed Nov. 20, 2018, inverted lighter), and U.S. Patent No. 11,913,644 (investing pocket lighters, continuation of Ser. No. 16/196,510).

Why It Matters
For investors, this filing shows VPR Brands made a one-time cash payment of $135,000 to remove a continuing royalty obligation tied to the Dissim brand. The company retains the acquired intellectual property and confirms the underlying acquisition remains in effect. This resolves a legacy contingent obligation related to the 2020 deal; the filing does not disclose other financial impacts beyond the stated payment.