secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001104659-23-031267
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

22nd Century Group enters $50M at-the-market offering agreement with Cowen
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465923031267/0001104659-23-031267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465923031267/tm238623d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-031267

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