---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-103911"
form_type: "8-K"
ticker: "XXII"
cik: "0001347858"
company_name: "22nd Century Group, Inc."
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T00:23:53.374183+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Group raises ~$1.2M via registered direct offering and warrant inducement

## Summary
- Sold 5,153,508 shares and warrants for 10,307,016 shares at $0.228 per unit; gross proceeds ~$1.2M.
- Net proceeds ~$1.1M; closing expected October 1, 2024.
- Warrant inducement: holders of existing warrants (5,079,244 shares at $0.228) offered new warrants at 200% coverage.
- Company to seek stockholder approval for shares issuable upon exercise of new warrants.
- Placement agent receives 6% cash fee plus 6% on warrant exercises and expense reimbursement up to $50,000.

## SEC filing metadata
- accession: 0001104659-24-103911
- form_type: 8-K
- ticker: XXII
- cik: 0001347858
- company_name: 22nd Century Group, Inc.
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347858/000110465924103911/0001104659-24-103911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347858/000110465924103911/tm2425195d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-103911
- JSON: https://secwatch.observer/filing/0001104659-24-103911.json
- Plain text: https://secwatch.observer/filing/0001104659-24-103911.txt

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