regulatory
confidence high
sentiment negative
materiality 0.75
Nasdaq grants 22nd Century 180-day extension to regain equity compliance by Oct 1, 2024
22nd Century Group, Inc.
- Stockholders' equity deficit of ($8,410,000) as of Dec 31, 2023, is below Nasdaq's $2,500,000 minimum.
- Nasdaq accepted the company's compliance plan and granted extension through October 1, 2024.
- Failure to evidence compliance by Oct 1, 2024 may lead to delisting; company warns no assurance of success.
- Company intends to take all reasonable measures to regain compliance and remain listed on Nasdaq.