other material
confidence high
sentiment neutral
materiality 0.40
22nd Century Group sells 460K shares at $0.57 for $262K gross; may raise up to $6M more
22nd Century Group, Inc.
- Issued 460,000 shares at $0.57/share for gross proceeds of $262,200 to an institutional investor.
- No placement agent or commissions paid on the transaction.
- Company has the ability, at its election, to raise up to approximately $6.0 million on the same terms under the Form 1-A offering statement.
- Form 1-A offering statement qualified by SEC on August 13, 2024.