{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-121721","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2023-11-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.721038+00:00","generated_at":"2026-06-07T20:14:21.377966+00:00","sec_items":["1.01","2.02","3.02","5.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"22nd Century Group raises ~$2.8M via warrant inducement; warns may cease operations after Jan 31, 2024","bullets":["Entered warrant inducement agreements for 13M shares at $0.215; gross proceeds ~$2.8M; new inducement warrants for 200% of shares exercised.","Cash and equivalents $3.3M as of Nov 24; expects funds after offering to last only through Jan 31, 2024.","Payables exceed cash; payments not being made as due; may need additional funding or cease operations.","Appointed Lawrence Firestone as Chairman and CEO (effective when warrant proceeds exceed $2.5M); base salary $425,000.","Dawson James served as placement agent with 7% cash fee on gross proceeds."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-121721","json":"https://secwatch.observer/filing/0001104659-23-121721.json","markdown":"https://secwatch.observer/filing/0001104659-23-121721.md","text":"https://secwatch.observer/filing/0001104659-23-121721.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000110465923121721/0001104659-23-121721-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000110465923121721/tm2331522d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T20:14:21.377966+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":"fc46142a45","claim":"Lawrence D. Firestone was appointed as Chairman of the Board and Chief Executive Officer at 22nd Century Group, Inc..","evidence_excerpt":"On November 28, 2023, the Board appointed Lawrence D. Firestone as Chairman of the Board of Directors (“ Board ”), expanding the Board to eight directors, and as the Company’s Chief Executive Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000110465923121721/0001104659-23-121721-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chairman of the Board and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"ffdf486303","claim":"John Miller changed role as President of the Tobacco Business at 22nd Century Group, Inc..","evidence_excerpt":"at which time, Mr. John Miller, the Company’s interim Chief Executive Officer, will resume the position of President of the Tobacco Business.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000110465923121721/0001104659-23-121721-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resume"},{"label":"Role","value":"President of the Tobacco Business"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}