secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001104659-24-044103
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

XXII receives Nasdaq deficiency notice for shareholders' equity below $2.5M requirement
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- Received Nasdaq deficiency letter on April 4, 2024 for failing Listing Rule 5550(b)(1).
- Shareholders' equity as of Dec 31, 2023 was below the $2.5M minimum requirement.
- Company has 45 days to submit a compliance plan; if accepted, Nasdaq may grant up to 180 days to regain compliance.
- No immediate effect on listing; company intends to submit plan but no assurance of acceptance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924044103/0001104659-24-044103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924044103/tm2411197d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-044103

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