---
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"
generated_at: "2026-06-13T10:56:36.678969+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 22nd Century raises $3.0M in registered direct offering; warrants issued at $3.80

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-078950
- JSON: https://secwatch.observer/filing/0001104659-23-078950.json
- Plain text: https://secwatch.observer/filing/0001104659-23-078950.txt

## Key facts
- Material Agreements
  22nd Century Group, Inc. entered into Securities Purchase Agreement with certain investors valued at approximately $3.0 million (effective 2023-07-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors
  - Value: approximately $3.0 million
  - Effective: 2023-07-06
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1347858/000110465923078950/0001104659-23-078950-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.