secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001104659-24-129440
Event type: regulatory
Sentiment:  negative
Materiality: 0.90
Item codes: 3.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq determines to delist XXII; company appeals, completes 1-for-135 reverse split
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- Nasdaq notified 22nd Century on Dec 16, 2024 that stock had bid price ≤$0.10 for 10 consecutive days, triggering Low Priced Stocks Rule and delisting.
- Company intends to appeal by Dec 23, 2024; hearing request stays suspension pending panel decision.
- Effective Dec 17, 2024, completed 1-for-135 reverse stock split to increase trading price and cure listing deficiency.
- Pre-split shares outstanding: 74,724,641; post-split approx 553,516 shares (subject to rounding).
- No assurance of favorable hearing outcome or ability to regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924129440/0001104659-24-129440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465924129440/tm2431379d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-129440

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer