{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-031267","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2023-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.572709+00:00","generated_at":"2026-06-18T05:17:59.597697+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"22nd Century Group enters $50M at-the-market offering agreement with Cowen","bullets":["Up to $50M of common stock may be sold through Cowen and Company in ATM offerings.","Proceeds intended for general corporate purposes, including VLN cigarette launch, acquisitions, R&D, and working capital.","Sales agent receives 3% commission on gross proceeds; Company reimburses up to $75,000 in legal fees.","Registration statement filed March 10, 2023, not yet effective; sales cannot occur until effectiveness.","Company not obligated to sell any shares and may suspend offers at any time."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-031267","json":"https://secwatch.observer/filing/0001104659-23-031267.json","markdown":"https://secwatch.observer/filing/0001104659-23-031267.md","text":"https://secwatch.observer/filing/0001104659-23-031267.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000110465923031267/0001104659-23-031267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000110465923031267/tm238623d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T05:17:59.597697+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fb9a18220f0cc2a68473fcd52a27bc3f71c72e5f","claim":"22nd Century Group, Inc. entered into Sales Agreement with Cowen and Company, LLC valued at up to $50,000,000 (effective 2023-03-09).","evidence_excerpt":"On March 9, 2023 22nd Century Group, Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Cowen and Company, LLC (the “Sales Agent”) under which the Company may issue and sell in a registered offering shares of our common stock having an aggregate offering price of up to $50,000,000 from time to time","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000110465923031267/0001104659-23-031267-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Cowen and Company, LLC"},{"label":"Value","value":"up to $50,000,000"},{"label":"Effective","value":"2023-03-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}