secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001104659-23-083491
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465923083491/0001104659-23-083491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465923083491/tm2321658d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-083491

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer