secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2024-09-30T23:59:59+00:00
Accession:  0001104659-24-104030
Event type: regulatory
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

22nd Century Group believes it now meets Nasdaq minimum equity requirement of $2.5M
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- Issued 1.15M shares to extinguish subordinated debt, increasing equity by $3.9M.
- Sold 21.93M shares for net proceeds of $11.6M.
- Converted $3.1M of senior secured debt into 2.015M shares.
- Settled $1.7M in commercial liabilities with 2.47M shares.
- Nasdaq granted extension to Oct 1, 2024; will monitor ongoing compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924104030/0001104659-24-104030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924104030/tm2425195d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-104030

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