---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-014065"
form_type: "8-K"
ticker: "XXII"
cik: "0001347858"
company_name: "22nd Century Group, Inc."
filed_at: "2025-09-18T23:59:59+00:00"
generated_at: "2026-05-17T06:13:29.050944+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-014065
- form_type: 8-K
- ticker: XXII
- cik: 0001347858
- company_name: 22nd Century Group, Inc.
- filed_at: 2025-09-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1347858/000149315225014065/0001493152-25-014065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1347858/000149315225014065/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-014065
- JSON: https://secwatch.observer/filing/0001493152-25-014065.json
- Plain text: https://secwatch.observer/filing/0001493152-25-014065.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.