---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-098008"
form_type: "8-K"
ticker: "XXII"
cik: "0001347858"
company_name: "22nd Century Group, Inc."
filed_at: "2024-09-09T23:59:59+00:00"
generated_at: "2026-05-31T05:52:04.550269+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# 22nd Century agrees $1.22M IP payment with NCSU, payable in cash or stock

## Summary
- Total payment of $1,220,438 to NCSU covers IP licensing, royalties, and sponsored research through 2025.
- Consideration may be paid in cash or common stock (up to 19.99% of outstanding shares) in three tranches.
- First installment due by September 15, 2024; final by January 15, 2025.
- Company extended field trial activity into 2025 under the agreement.
- Equity issuance price based on 5-day VWAP; shares subject to registration for resale.

## SEC filing metadata
- accession: 0001104659-24-098008
- form_type: 8-K
- ticker: XXII
- cik: 0001347858
- company_name: 22nd Century Group, Inc.
- filed_at: 2024-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347858/000110465924098008/0001104659-24-098008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347858/000110465924098008/tm2420488d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-098008
- JSON: https://secwatch.observer/filing/0001104659-24-098008.json
- Plain text: https://secwatch.observer/filing/0001104659-24-098008.txt

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