{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-045264","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2024-04-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.043899+00:00","generated_at":"2026-06-04T00:49:50.633451+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"22nd Century Group closes $4.2M registered direct offering and warrant private placement","bullets":["Gross proceeds of ~$4.2M from sale of 1,855,000 shares, pre-funded warrants for 125,000 shares, and warrants for 1,980,000 shares at $2.14 per share.","Net proceeds to the company ~$3.9M after placement agent fees and offering expenses.","Warrants exercisable at $2.14 per share, expire 5 years after stockholder approval; pre-funded warrants exercisable at $0.00001.","Placement agent cash fee of 6.0% of gross proceeds plus 118,800 placement agent warrants at $2.675 per share.","Stockholder approval required for shares underlying warrants; meeting to be held within 90 days of closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-045264","json":"https://secwatch.observer/filing/0001104659-24-045264.json","markdown":"https://secwatch.observer/filing/0001104659-24-045264.md","text":"https://secwatch.observer/filing/0001104659-24-045264.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924045264/0001104659-24-045264-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924045264/tm2411361d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T00:49:50.633451+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":"acad4880fcefddbf31bc7a670ddf470b5544129a","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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924045264/0001104659-24-045264-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"}