{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-044571","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2024-04-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.043552+00:00","generated_at":"2026-06-04T01:18:05.033412+00:00","sec_items":["1.01","3.02","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"22nd Century Group raises ~$3.9M, appoints CFO and GC, amends debt terms","bullets":["CFO Hugh Kinsman resigns effective June 1, 2024; Daniel Otto appointed CFO at $315k salary.","Jonathan Staffeldt appointed General Counsel at $315k salary.","Debt conversion price reduced to $2.14; daily volume cap of 10% of trading volume when VWAP < $2.50.","Registered direct offering and private warrants for ~$4.2M gross; net ~$3.9M; closes April 9, 2024.","Stockholder approval required for shares issuable upon warrant exercise; 90-day meeting deadline."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-044571","json":"https://secwatch.observer/filing/0001104659-24-044571.json","markdown":"https://secwatch.observer/filing/0001104659-24-044571.md","text":"https://secwatch.observer/filing/0001104659-24-044571.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924044571/0001104659-24-044571-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924044571/tm2411293d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:18:05.033412+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":"3be39a07cb","claim":"Daniel Otto was appointed as Chief Financial Officer at 22nd Century Group, Inc..","evidence_excerpt":"On April 6, 2024, the Board of Directors of the Company approved the appointment of Daniel Otto as its Chief Financial Officer, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924044571/0001104659-24-044571-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"6cdce4fda5","claim":"Hugh Kinsman resigned as Chief Financial Officer at 22nd Century Group, Inc..","evidence_excerpt":"On April 6, 2024, Hugh Kinsman, the Company’s Chief Financial Officer, provided notice that he is resigning from such position effective June 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924044571/0001104659-24-044571-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"cdbb096b2e","claim":"Jonathan Staffeldt was appointed as General Counsel at 22nd Century Group, Inc..","evidence_excerpt":"On April 6, 2024, the Board of Directors also appointed Jonathan Staffeldt as the Company’s General Counsel effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924044571/0001104659-24-044571-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"General Counsel"}],"fact_type":"executive_change"},{"claim_id":"e04a81b264d07e2f00f771dcd49ba34d77e928f1","claim":"22nd Century Group, Inc. entered into Securities Purchase Agreement with certain investors (the “Investors”) valued at approximately $4.2 million (effective 2024-04-08).","evidence_excerpt":"On April 8, 2024, the Company and certain investors (the “Investors”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) relating to the issuance and sale of shares of common stock (or pre-funded warrants in lieu of common stock) pursuant to a registered direct offering and a private placement of warrants to purchase shares of common stock (collectively, the “Offering”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924044571/0001104659-24-044571-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain investors (the “Investors”)"},{"label":"Value","value":"approximately $4.2 million"},{"label":"Effective","value":"2024-04-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}