{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-054552","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.044601+00:00","generated_at":"2026-06-03T04:12:53.983756+00:00","sec_items":["1.01","1.02","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"22nd Century Group eliminates $5.2M debt via equity and cash, improves balance sheet","bullets":["Settled $5.2M Omnia debt for $248.5K cash, 1.15M shares, 1.15M pre-funded warrants, and 460K warrants at $2.14 per share.","Also settled $1.5M of other indebtedness via 700,958 shares at $2.14 per share.","CEO states transaction preserves cash, reduces monthly interest expense, and targets cash positive by Q1 2025.","Omnia receives new warrants with a put provision allowing redemption at $2.675 per warrant after May 1, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-054552","json":"https://secwatch.observer/filing/0001104659-24-054552.json","markdown":"https://secwatch.observer/filing/0001104659-24-054552.md","text":"https://secwatch.observer/filing/0001104659-24-054552.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924054552/0001104659-24-054552-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924054552/tm2413062d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T04:12:53.983756+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":"76c1ecf83b8588491cbc9a9ec1c9cdc9c8ed6a4a","claim":"22nd Century Group, Inc. entered into General Release and Settlement Agreement with Omnia Capital LP valued at approximately $5.2 million (effective 2024-04-29).","evidence_excerpt":"On April 29, 2024, 22nd Century Group, Inc. (the “Company”) entered into a General Release and Settlement Agreement (the “Agreement”) with Omnia Capital LP (“Omnia”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1347858/000110465924054552/0001104659-24-054552-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Omnia Capital LP"},{"label":"Value","value":"approximately $5.2 million"},{"label":"Effective","value":"2024-04-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}