---
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"
generated_at: "2026-06-03T04:12:53.983756+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Group eliminates $5.2M debt via equity and cash, improves balance sheet

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-054552
- JSON: https://secwatch.observer/filing/0001104659-24-054552.json
- Plain text: https://secwatch.observer/filing/0001104659-24-054552.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Omnia Capital LP
  - Value: approximately $5.2 million
  - Effective: 2024-04-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1347858/000110465924054552/0001104659-24-054552-index.htm

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