other material
confidence high
sentiment negative
materiality 0.70
22nd Century shareholders approve reverse stock split up to 1:250 and warrant issuances
22nd Century Group, Inc.
- Reverse stock split authorized at ratio between 1:2 and 1:250 to comply with Nasdaq listing rules.
- Shareholders approved issuance of shares upon exercise of warrants dated Aug 27, Sep 13, Sep 27, Oct 11, 2024.
- Amendment to convertible debentures (JGB Amendment) approved.
- All eight proposals passed; reverse split received 8.04M for, 3.37M against.