secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001493152-25-028191
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

22nd Century Group extends stockholder approval deadline to Feb 23, 2026, amends Preferred Stock terms
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000149315225028191/0001493152-25-028191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000149315225028191/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-028191

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