22nd Century repays $3.9M senior secured debt, becomes debt-free

22nd Century Group, Inc.

Repaid $3.9M outstanding under JGB SPA and terminated all related debentures and liens on Sept 18, 2025.
Eliminated over $20M in senior secured and subordinated debt since CEO Larry Firestone joined.
Series A convertible preferred stock offering closed; pro forma net tangible book value increased by $9.1M (~$1.05/share).
Working capital supports purchase of low nicotine leaf for production of >1M cartons of VLN cigarettes.

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