secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001104659-24-099665
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

22nd Century raises $3.48M in Reg A offering and issues 12.2M warrants
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- Sold 6.1M shares at $0.57/share for gross proceeds of $3.48M under Regulation A; total sold in offering is 9.72M shares.
- Company may raise up to an additional $15.8M on same terms from time to time under the Reg A offering statement.
- Privately placed 12.2M warrants at $0.00001 each, exercisable at $1.00/share, expiring in 5 years; net proceeds ~$122.
- Warrant exercise price subject to anti-dilution adjustment in future equity sales, conditioned on stockholder approval if lower.
- Company has agreed to file a registration statement within 30 days upon investor demand for resale of warrant shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924099665/0001104659-24-099665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924099665/tm2424023d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-099665

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