8-Kfiled December 17, 2025, 6:59 PM ETticker XXIICIK 0001347858
other materialconfidence highsentiment neutralmateriality 0.60
22nd Century Group extends stockholder approval deadline to Feb 23, 2026, amends Preferred Stock terms
22nd Century Group, Inc.
Extends Stockholder Approval Deadline from 90 days post-closing to February 23, 2026.
Waives prior failure to obtain approval; if not obtained by new deadline, investors may require redemption at 100% Stated Value.
ATM facility sales limited to price >= $2.00 and volume caps (5-10% of daily volume); sales prohibited if approval not obtained by deadline.
Company will seek approval for reverse stock split to comply with Nasdaq rules and a future offering of preferred stock and warrants up to $20 million.
Warrants amended to provide anti-dilution adjustments for issuances below exercise price, effective after stockholder approval date.
The matters described in Item 1.01 of this Current Report on Form 8-K related to the Preferred Stock and the Certificate of Amendment are incorporated herein by reference.
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