{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-078950","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2023-07-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.676102+00:00","generated_at":"2026-06-13T10:56:36.678969+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"22nd Century raises $3.0M in registered direct offering; warrants issued at $3.80","bullets":["Sold 778,634 shares and 1,557,268 warrants at $3.80/unit for $3.0M gross proceeds.","Net proceeds ~$2.6M; use for VLN commercial expansion, working capital.","Warrants exercisable six months after issuance at $3.80/share, expire Jan 2029 or after stockholder approval.","Previously outstanding warrants (1.5M) automatically adjusted from $7.05 to $3.80 per share.","Company to seek stockholder approval for warrant price adjustment provisions and increased authorized shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-078950","json":"https://secwatch.observer/filing/0001104659-23-078950.json","markdown":"https://secwatch.observer/filing/0001104659-23-078950.md","text":"https://secwatch.observer/filing/0001104659-23-078950.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000110465923078950/0001104659-23-078950-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000110465923078950/tm2320711d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T10:56:36.678969+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":"015f921d90c15373a0536931546273b5c23d8eb3","claim":"22nd Century Group, Inc. entered into Securities Purchase Agreement with certain investors valued at approximately $3.0 million (effective 2023-07-06).","evidence_excerpt":"On July 6, 2023, 22nd Century Group, Inc. (the “Company”) and certain investors (the “Investors”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) relating to the issuance and sale of shares of common stock and warrants pursuant to a registered direct offering (the “Offering”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000110465923078950/0001104659-23-078950-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain investors"},{"label":"Value","value":"approximately $3.0 million"},{"label":"Effective","value":"2023-07-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}