---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-110997"
form_type: "8-K"
ticker: "XXII"
cik: "0001347858"
company_name: "22nd Century Group, Inc."
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:24:04.856562+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# 22nd Century Group raises ~$3M via PIPE of prefunded warrants and warrants

## Summary
- Sold 28,354,914 prefunded warrants at $0.10719 each and 42,532,372 common warrants exercisable at $1.00, expiring 5 years after stockholder approval.
- Gross proceeds ~$3M; net proceeds after fees (~$100K cash + $30K expense reimb.) expected ~$2.9M.
- Shares issuable upon warrant exercise require stockholder approval by May 30, 2025; company also issued placement agent warrants for 2,268,393 shares at $1.25.
- Closing expected Oct 24, 2024; investors granted participation rights in future equity offerings for 9 months post-closing.

## SEC filing metadata
- accession: 0001104659-24-110997
- form_type: 8-K
- ticker: XXII
- cik: 0001347858
- company_name: 22nd Century Group, Inc.
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347858/000110465924110997/0001104659-24-110997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347858/000110465924110997/tm2426752d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-110997
- JSON: https://secwatch.observer/filing/0001104659-24-110997.json
- Plain text: https://secwatch.observer/filing/0001104659-24-110997.txt

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