secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001104659-24-108135
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

22nd Century Group raises ~$2.1M in registered direct offering with warrants
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- Gross proceeds ~$2.1M from 14.3M shares at $0.15/share and warrants for 28.5M shares.
- Warrants exercisable at $1.00/share, subject to stockholder approval; expire 5 years after approval.
- Net proceeds ~$2.0M; closing expected Oct 14; post-offering shares outstanding ~45.7M.
- Placement agent fees: 6% cash fee and warrants for 856,000 shares at $1.25.
- Company to hold stockholder meeting within 75 days to approve warrant share issuance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924108135/0001104659-24-108135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924108135/tm2426070d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-108135

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