Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.8
22nd Century Group, Inc. amended senior notes of cash payment of $2,200,000 to reduce the outstanding principal of the Debentures and a non-monetary exchange yielding fu with JGB Partners, LP, JGB Capital, LP, JGB Capital Offshore Ltd. (collectively, the Holders) and JGB Collateral, LLC (Agent) at 7% Original Issue Discount Senior Secured Debentures maturing the earlier of (i) June 30, 2024 and (ii) the public announcement of a Fundamental Transaction.
- Instrument
- senior notes
- Principal
- cash payment of $2,200,000 to reduce the outstanding principal of the Debentures and a non-monetary exchange yielding fu
- Counterparty
- JGB Partners, LP, JGB Capital, LP, JGB Capital Offshore Ltd. (collectively, the Holders) and JGB Collateral, LLC (Agent)
- Rate
- 7% Original Issue Discount Senior Secured Debentures
- Maturity
- the earlier of (i) June 30, 2024 and (ii) the public announcement of a Fundamental Transaction
- Event
- amendment
Exact text from the filing
the Purchase Agreement, as amended by the GVB Amendment. In consideration of the Holders and the Agents’ consent, the Company agreed to (i) pay to the Agent, a cash payment of $2,200,000 to reduce the outstanding principal of the Debentures (which includes the cash portion of the New Purchase Price paid directly to Agent by Buyer as described above), (ii)
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
22nd Century Group, Inc. completed a disposition involving Specialty Acquisition Corporation for $3,100,000 (closed 2023-12-22).
- Action
- disposition
- Counterparty
- Specialty Acquisition Corporation
- Consideration
- $3,100,000
- Closing
- 2023-12-22
Exact text from the filing
Company and the Buyer entered into an Amendment to Equity Purchase Agreement (the “ GVB Amendment ”) pursuant to which the Company and the Buyer increased the Purchase Price to $3,100,000 (the “ New Purchase Price ”) which consists of (i) a cash payment of $1,100,000 to the Company’s senior lender, on behalf of and at the direction of the Company and (ii) a 12%
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
22nd Century Group, Inc. amended Amendment to Equity Purchase Agreement with Specialty Acquisition Corporation valued at $3,100,000 (effective 2023-12-22).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- Specialty Acquisition Corporation
- Value
- $3,100,000
- Effective
- 2023-12-22
Exact text from the filing
On December 22, 2023, the Company and the Buyer entered into an Amendment to Equity Purchase Agreement (the “ GVB Amendment ”) pursuant to which the Company and the Buyer increased the Purchase Price to $3,100,000
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
22nd Century Group, Inc. amended Amendment Agreement with JGB Partners, LP, JGB Capital, LP, JGB Capital Offshore Ltd. and JGB Collateral, LLC valued at $2,200,000 (effective 2023-12-22).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- JGB Partners, LP, JGB Capital, LP, JGB Capital Offshore Ltd. and JGB Collateral, LLC
- Value
- $2,200,000
- Effective
- 2023-12-22
Exact text from the filing
On December 22, 2023, the Company, the Holders and the Agent entered into an Amendment Agreement (the “ JGB Amendment ”) pursuant to which the Holders and the Agent consented to the Purchase Agreement, as amended by the GVB Amendment.
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