VPR Brands ends Dissim royalty with $135K payment

VPR Brands reported that on July 15, 2026 it entered an agreement with the Dissim Sellers to make a final royalty settlement related to its 2020 acquisition of the Dissim business.

Accepted by SEC EDGAR 07/20/2026 - 08:00 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

VPR Brands reported that on July 15, 2026 it entered an agreement with the Dissim Sellers to make a final royalty settlement related to its 2020 acquisition of the Dissim business. The company will pay $45,000 to each of the three Dissim Sellers, for a total of $135,000.

This payment represents the final consideration in full satisfaction of the remaining royalty obligations, so no further royalty will be owed on gross proceeds from Dissim-branded lighter sales or related inventory. The original acquisition of the Dissim business remains in effect, and VPR Brands continues to own the associated intellectual property, including U.S. Patent No. 10,948,187 and U.S. Patent No. 11,913,644.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Royalty rate on Dissim sales: 5% of gross proceeds Payment per Dissim Seller: $45,000 Aggregate final royalty payment: $135,000 +2 more

5 metrics

Royalty rate on Dissim sales 5% of gross proceeds Royalty on gross proceeds of lighters sold under the Dissim brand agreed in 2020 acquisition

Payment per Dissim Seller $45,000 Cash amount VPR Brands agreed to pay to each of the three Dissim Sellers on July 15, 2026

Aggregate final royalty payment $135,000 Total consideration to Dissim Sellers in full satisfaction of remaining royalty obligations

U.S. Patent number 10,948,187 Patent for an inverted lighter included in the Dissim intellectual property owned by VPR Brands

U.S. Patent number 11,913,644 Patent for investing pocket lighters, a continuation of Serial No. 16/196,510, owned by VPR Brands

Key Terms

royalty, gross proceeds, intellectual property, continuation, +1 more

5 terms

royalty financial

"the Company agreed to pay the Dissim Sellers a royalty of 5% of the gross proceeds"

A royalty is a payment made to the owner of a resource or asset—such as a patent, mineral rights, or creative work—whenever others use or profit from it. For investors, royalties provide a steady stream of income without owning the entire asset, similar to earning a small commission each time a product is sold or a service is used. This makes royalties an important factor in valuing certain types of investments.

gross proceeds financial

"a royalty of 5% of the gross proceeds of the sale of lighters"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

intellectual property regulatory

"the Dissim business and its assets, including certain identified intellectual property"

Intellectual property are legal rights that protect creations of the mind—such as inventions, brand names, designs, software, or secret formulas—giving the owner control over who can use, copy or sell them. For investors, IP is like owning a blueprint or recipe: it can generate steady income through exclusive sales or licensing, boost a company’s competitive edge and valuation, and also create costs or risks if rights must be defended or challenged in court.

continuation technical

"U.S. Patent No. 11,913,644 (investing pocket lighters), a continuation of Serial No. 16/196,510"

U.S. Patent Application Series regulatory

"U.S. Patent Application Series No. 16/196,510, filed November 20, 2018"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did VPR Brands (VPRB) disclose regarding the Dissim business?

VPR Brands disclosed a July 15, 2026 agreement with the Dissim Sellers to make a final royalty settlement. The company is paying an agreed cash amount to fully satisfy remaining royalty obligations stemming from its 2020 acquisition of the Dissim lighter business and assets.

How much is VPR Brands (VPRB) paying to the Dissim Sellers under the new agreement?

VPR Brands agreed to pay each of the three Dissim Sellers $45,000, for an aggregate payment of $135,000. This payment is described as the final consideration in full satisfaction of the remaining royalty obligations related to Dissim-branded lighter sales.

What happens to VPR Brands (VPRB)'s future royalty obligations to the Dissim Sellers?

After the $135,000 aggregate payment, VPR Brands states that no royalty will be due to the Dissim Sellers going forward. The agreement characterizes this payment as full satisfaction of all remaining royalty obligations tied to Dissim-branded lighter sales and related inventory.

Does VPR Brands (VPRB) retain ownership of the Dissim intellectual property?

Yes. VPR Brands states that the agreement and payments do not affect its prior acquisition of the Dissim business and assets. The company continues to own Dissim intellectual property, including U.S. Patent No. 10,948,187 and U.S. Patent No. 11,913,644 related to lighter designs.

When did VPR Brands (VPRB) originally acquire the Dissim business and what were the key terms?

VPR Brands acquired the Dissim business and its assets on September 22, 2020 from the Dissim Sellers. As part of that transaction, it agreed to pay a 5% royalty on gross proceeds from Dissim-branded lighter sales, plus additional royalty on certain existing and in-process inventory.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 15, 2026

VPR BRANDS, LP

(Exact name of registrant as specified in its charter)

Delaware		000-54435		45-1740641
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS Employer Identification No.)

1141 Sawgrass Corporate Parkway

Sunrise, FL 33323

(Address of principal executive offices)

(954) 715-7001

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

As previously reported, on September 22, 2020, VPR Brands, LP (the “Company”) acquired the “Dissim” business and its assets, including certain identified intellectual property, from Brian Condron, Kegan McDaniel, C.S. Explorations, LLC (collectively with Mr. Condron and Mr. McDaniel, the “Dissim Sellers”). In connection therewith, the Company agreed to pay the Dissim Sellers a royalty of 5% of the gross proceeds of the sale of lighters sold under the Dissim brand, an additional royalty on certain then-existing and in-process inventory, and related reporting obligations. On July 15, 2026, the Company agreed to pay to each of the Dissim Sellers $45,000, for an aggregate payment to the Dissim Sellers of $135,000, representing the final consideration payable in full satisfaction of the remaining royalty, such that no royalty will be due to the Dissim Sellers going forward. The agreement and payments do not affect the Company’s prior acquisition of the Dissim business and assets, which continues to be effective. Accordingly, the Company continues to own the acquired Dissim intellectual property, including, but not limited to, (i) U.S. Provision Application No. 62/589,350, filed November 21, 2017; (ii) U.S. Patent Application Series No. 16/196,510, filed November 20, 2018, issued as U.S. Patent No. 10,948,187 (inverted lighter); and (iii) U.S. Patent No. 11,913,644 (investing pocket lighters), a continuation of Serial No. 16/196,510.

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 20, 2026	VPR BRANDS, LP
	By:	/s/ Kevin Frija
		Kevin Frija
		Chief Executive Officer

2

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• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB