22nd Century Group prices $5.25M public offering of shares and warrants at $0.525/unit

22nd Century Group, Inc.

Offering includes 10M shares (or pre-funded equivalents) and warrants to purchase 20M shares at $0.525 each.
Warrants are immediately exercisable and expire five years from issuance.
Gross proceeds of approximately $5.25M; closing expected on or about October 19, 2023.
Net proceeds to be used for general corporate purposes; Dawson James Securities acted as placement agent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

22nd Century Group, Inc. entered into Securities Purchase Agreement with certain investors valued at approximately $5.25 million (effective 2023-10-17).

Action: entry
Agreement: equity purchase
Counterparty: certain investors
Value: approximately $5.25 million
Effective: 2023-10-17

Exact text from the filing

On October 17, 2023, 22nd Century Group, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain investors

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22nd Century Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-109884

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