secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001104659-24-044571
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

22nd Century Group raises ~$3.9M, appoints CFO and GC, amends debt terms
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924044571/0001104659-24-044571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924044571/tm2411293d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-044571

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer