22nd Century Group Resets Conversion Price on Senior Secured Credit Facility to $6.04 per Share

22nd Century Group, Inc.

On January 13, 2025, the Board of Directors approved resetting the Conversion Price to $6.04 per share.
The reset was authorized by stockholders at the December 6, 2024 special meeting.
The new price equals the average daily VWAP for the five consecutive Nasdaq trading days before the reset.
The conversion price change applies to debentures held by JGB Partners, JGB Capital, and JGB Capital Offshore.

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