secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001104659-25-002973
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000110465925002973/0001104659-25-002973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000110465925002973/tm253186-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-002973

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