22nd Century Group Announces Warrant Inducement and 1-for-20 Reverse Stock Split

22nd Century Group, Inc.

Commenced warrant inducement offering with holders of existing warrants for up to 5,345,591 shares.
Issued inducement warrants at exercise price $0.4626 per share, 100% of shares exercised.
Received ~$462,800 in gross cash proceeds and redeemed 2,010 shares of Series B Preferred Stock for $2,010,000.
Effected a 1-for-20 reverse stock split of common stock to meet Nasdaq continued listing standard, effective June 12, 2026.
Dawson James Securities acted as exclusive placement agent with a 6% cash fee.

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