---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-107522"
form_type: "8-K"
ticker: "XXII"
cik: "0001347858"
company_name: "22nd Century Group, Inc."
filed_at: "2024-10-10T23:59:59+00:00"
generated_at: "2026-05-30T16:27:55.105815+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Group enters letter agreement to reset conversion price of JGB debentures subject to shareholder approval

## Summary
- One-time reset of Conversion Price to 5-day average VWAP, not above current $0.7458, subject to Holder written approval.
- Company must obtain shareholder approval for unlimited share issuance at discount to Nasdaq Minimum Price by Dec 31, 2024.
- If approval not obtained by Dec 31, Company must seek it at every subsequent shareholder meeting, at least every six months.
- All conversion shares to be issued free of restrictive legends; Company to provide legal opinions to transfer agent.
- Letter agreement amends March 2023 SPA and debentures; prior August 2024 letter agreement remains in effect.

## SEC filing metadata
- accession: 0001104659-24-107522
- form_type: 8-K
- ticker: XXII
- cik: 0001347858
- company_name: 22nd Century Group, Inc.
- filed_at: 2024-10-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347858/000110465924107522/0001104659-24-107522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347858/000110465924107522/tm2425915d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-107522
- JSON: https://secwatch.observer/filing/0001104659-24-107522.json
- Plain text: https://secwatch.observer/filing/0001104659-24-107522.txt

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