secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001104659-24-045264
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924045264/0001104659-24-045264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924045264/tm2411361d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-045264

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