---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-083491"
form_type: "8-K"
ticker: "XXII"
cik: "0001347858"
company_name: "22nd Century Group, Inc."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:07:07.267738+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Group CEO resigns, interim CEO appointed; $11.7M financing closed

## Summary
- CEO James Mish resigns effective Aug 1, 2023, remains on board; John Miller appointed interim CEO.
- Raised $11.7M gross via registered direct offering: 4.37M shares at $2.67 and warrants for 8.75M shares at $2.42.
- Announced $15M annualized cost reduction initiative to streamline operations across business.
- Appointed Andy Arno as independent director; 35+ years capital markets experience.

## SEC filing metadata
- accession: 0001104659-23-083491
- form_type: 8-K
- ticker: XXII
- cik: 0001347858
- company_name: 22nd Century Group, Inc.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347858/000110465923083491/0001104659-23-083491-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347858/000110465923083491/tm2321658d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-083491
- JSON: https://secwatch.observer/filing/0001104659-23-083491.json
- Plain text: https://secwatch.observer/filing/0001104659-23-083491.txt

## Key facts
- Executive change
  John J. Miller was appointed as interim-CEO at 22nd Century Group, Inc..
  - Action: appointed
  - Role: interim-CEO
  source text: the Board appointed John J. Miller, who has served as President of the Tobacco Business since November 2022, as interim-CEO of the Company effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1347858/000110465923083491/0001104659-23-083491-index.htm
- Executive change
  James A. Mish resigned as Chief Executive Officer at 22nd Century Group, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: James A. Mish, the Company’s Chief Executive Officer, provided notice that he was resigning for personal reasons from such position effective August 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1347858/000110465923083491/0001104659-23-083491-index.htm
- Executive change
  Andrew Arno was appointed as Director at 22nd Century Group, Inc..
  - Action: appointed
  - Role: Director
  source text: the Board expanded the Board to seven members and appointed Andrew Arno to be a director on the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1347858/000110465923083491/0001104659-23-083491-index.htm
- Material Agreements
  22nd Century Group, Inc. entered into Securities Purchase Agreement with certain investors valued at approximately $11.7 million (effective 2023-07-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors
  - Value: approximately $11.7 million
  - Effective: 2023-07-19
  source text: On July 19, 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/1347858/000110465923083491/0001104659-23-083491-index.htm

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