---
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"
generated_at: "2026-06-04T00:49:50.633451+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Group closes $4.2M registered direct offering and warrant private placement

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-045264
- JSON: https://secwatch.observer/filing/0001104659-24-045264.json
- Plain text: https://secwatch.observer/filing/0001104659-24-045264.txt

## Key facts
- Material Agreements
  22nd Century Group, Inc. entered into Securities Purchase Agreement with certain investors (the "Investors") valued at approximately $4.2 million (effective 2024-04-08).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain investors (the "Investors")
  - Value: approximately $4.2 million
  - Effective: 2024-04-08
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1347858/000110465924045264/0001104659-24-045264-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.