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  4. [8-K] VPR Brands, LP. Reports Material Event

VPR Brands (VPRB) secures $14.9M in patent settlement and license deal

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

VPR Brands, LP entered into a Settlement and Patent License Agreement with R.J. Reynolds Vapor Company on July 10, 2026, resolving litigation in the U.S. District Court for the District of Delaware concerning U.S. Patent No. 8,205,622 B2.

Under the agreement, R.J. Reynolds Vapor Company will pay $14,900,000 to VPR Brands and both parties provide mutual releases of claims related to the patent, without any admission of liability, validity, enforceability or infringement. VPR Brands grants the counterparty and its affiliates a non-exclusive, worldwide, fully paid-up, perpetual, irrevocable license, without sublicensing rights, to exploit defined Licensed Products under the patent across a wide range of commercial activities.

Positive

  • $14,900,000 cash payment from R.J. Reynolds Vapor Company provides a significant, one-time inflow tied to resolving the patent litigation.
  • The agreement fully resolves the Delaware patent litigation through mutual releases, removing legal uncertainty related to U.S. Patent No. 8,205,622 B2.

Negative

  • None.

Filing Explained

The July 16 Form 8-K reports an agreement entered on July 10: the disclosed $14,900,000 is consideration for settling the litigation and granting the patent license, while the filing does not state that the payment has been made or received.

Sources and calculations
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Settlement Payment $14,900,000 Cash consideration paid by R.J. Reynolds Vapor Company under the Settlement and Patent License Agreement
Patent Number U.S. Patent No. 8,205,622 B2 Patent owned by VPR Brands and subject of the litigation and license
Case Number 1:26-cv-00459 R.J. Reynolds Vapor Company v. VPR Brands, LP in the U.S. District Court for the District of Delaware
Agreement Date July 10, 2026 Date of the Settlement and Patent License Agreement between VPR Brands and R.J. Reynolds Vapor Company
Settlement and Patent License Agreement regulatory
"entered into a Settlement and Patent License Agreement (the “Settlement Agreement”)"
fully paid-up, perpetual, irrevocable license regulatory
"a non-exclusive, worldwide, fully paid-up, perpetual, irrevocable license, with no right to sublicense"
Licensed Products regulatory
"solely with respect to Licensed Products (as defined in the Settlement Agreement)"
mutual releases regulatory
"in exchange for the payment by the Licensee of $14,900,000 and the mutual releases set forth"
A mutual release is a legal agreement in which two parties agree to give up any present or future claims against each other arising from a specified matter, effectively ending disputes and preventing new lawsuits on those issues. For investors, mutual releases matter because they remove or limit potential liabilities and uncertainty—like both sides agreeing to drop their complaints and walk away—which can affect a company’s legal exposure, financial reserves, and perceived risk.

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

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FAQ

What did VPR Brands (VPRB) announce regarding its dispute with R.J. Reynolds Vapor Company?
VPR Brands announced a Settlement and Patent License Agreement with R.J. Reynolds Vapor Company, resolving Delaware litigation over U.S. Patent No. 8,205,622 B2 through a cash payment and mutual releases.

How much will VPR Brands (VPRB) receive under the settlement with R.J. Reynolds Vapor Company?
VPR Brands will receive a $14,900,000 payment from R.J. Reynolds Vapor Company under the Settlement and Patent License Agreement, in exchange for resolving the litigation and granting a patent license.

What litigation involving VPR Brands (VPRB) is being resolved by this agreement?
The agreement resolves the case R.J. Reynolds Vapor Company v. VPR Brands, LP, United States District Court for the District of Delaware, Case No. 1:26-cv-00459, related to U.S. Patent No. 8,205,622 B2.

What type of patent license did VPR Brands (VPRB) grant to R.J. Reynolds Vapor Company?
VPR Brands granted a non-exclusive, worldwide, fully paid-up, perpetual, irrevocable license, with no right to sublicense, under U.S. Patent No. 8,205,622 B2 for defined Licensed Products and related commercial activities.

Does the VPR Brands (VPRB) settlement include any admission of liability or infringement?
No. The settlement explicitly states there is no admission of liability, validity, enforceability or infringement by either party, while still resolving all disputes related to the patent.

When was the Settlement and Patent License Agreement between VPR Brands (VPRB) and R.J. Reynolds Vapor Company signed?
The Settlement and Patent License Agreement was dated July 10, 2026, and covers the resolution of the Delaware patent litigation and the grant of the patent license.
false 0001376231 0001376231 2026-07-10 2026-07-10 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

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 10, 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 1.01. Entry into a Material Definitive Agreement.

 

On July 10, 2026, VPR Brands, LP (the “Company”) entered into a Settlement and Patent License Agreement (the “Settlement Agreement”) with R.J. Reynolds Vapor Company (the “Licensee”) relating to that certain action captioned R.J. Reynolds Vapor Company v. VPR Brands, LP, United States District Court for the District of Delaware, Case No. 1:26-cv-00459 (the “Litigation”).

 

The Company is the owner of all right, title and interest in and to U.S. Patent No. 8,205,622 B2 (the “Patent”). Pursuant to the terms of the Settlement Agreement, in exchange for the payment by the Licensee of $14,900,000 and the mutual releases set forth in the Settlement Agreement: (i) the Company and Licensee agreed to resolve the Litigation and all disputes between them related to the Patent on the terms set forth in the Settlement Agreement, without admission of liability, validity, enforceability or infringement by either party to the Settlement Agreement; and (ii) the Company granted to the Licensee and its affiliates a non-exclusive, worldwide, fully paid-up, perpetual, irrevocable license, with no right to sublicense, under the Patent, solely with respect to Licensed Products (as defined in the Settlement Agreement), to make, have made, import, export, use, sell, develop, offer to sell, advertise, update, support, maintain, obtain, exploit and otherwise distribute and dispose of Licensed Products, including in each case the right to have any of the foregoing done directly or indirectly for or on behalf of the Licensee or any of its affiliates by vendors, suppliers, manufacturers, developers, distributors, resellers, OEMs, dealers, contractors, subcontractors, consultants, partners, retailers, hosts, service providers, customers (direct and indirect) and users of Licensed Products.

 

The Settlement Agreement contains customary representations, warranties and covenants for an agreement of this type.

 

The above summary of the Settlement Agreement does not purport to be complete and is qualified in its entirety by reference to the provisions of Settlement Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit Number   Description
10.1   Settlement and Patent License Agreement, dated as of July 10, 2026, by and between the registrant and R.J. Reynolds Vapor Company.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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 16, 2026 VPR BRANDS, LP
     
  By:  /s/ Kevin Frija
    Kevin Frija
    Chief Executive Officer

 

2

 

Source: View Original Filing on SEC EDGAR

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