22nd Century Group announces 1-for-16 reverse stock split to regain Nasdaq compliance

22nd Century Group, Inc.

Reverse split effective 12:01 a.m. ET on April 2, 2024; pre-split outstanding 55,722,442 shares, post-split ~3,482,653.
Authorized shares remain unchanged at 250M; no effect on par value or preferred stock.
Fractional shares rounded up to whole shares; no cash consideration paid.
Split solely to restore compliance with Nasdaq $1.00 minimum bid price continued listing standard.
Ticker XXII unchanged; new CUSIP 90137F301; options and warrants proportionally adjusted.

item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

22nd Century Group, Inc.: 1-for-16 reverse stock split via Certificate of Change (effective 2024-04-02).

Change: charter amendment
Effective: 2024-04-02

Exact text from the filing

On March 28, 2024 22nd Century Group, Inc. (the “Company”) filed a Certificate of Change (the “Certificate”) pursuant to Nevada Revised Statutes (“NRS”) with the Secretary of State of the State of Nevada authorizing a 1-for-16 reverse stock split of the Company’s issued and outstanding shares of common stock

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22nd Century Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-043130

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