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.

item 1.01 item 3.02 item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

22nd Century Group, Inc. issued 1-for-20 reverse stock split of common stock.

Security: common stock
Shares: 1-for-20 reverse stock split

Exact text from the filing

The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on June 12, 2026

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

22nd Century Group, Inc. issued to purchase up to a number of shares of common stock equal to 100% of the number of shares of common stock issued pursuant to the exercise by the holders of the of warrant to holders of certain outstanding warrants.

Security: warrant
Shares: to purchase up to a number of shares of common stock equal to 100% of the number of shares of common stock issued pursuant to the exercise by the holders of the
Purchaser: holders of certain outstanding warrants

Exact text from the filing

the Company agreed to issue new warrants (the “ Inducement Warrants ”) to purchase up to a number of shares of common stock equal to 100% of the number of shares of common stock issued pursuant to the exercise by the holders of the Existing Warrants, for cash, at a reduced exercise price equal to $0.4626.

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22nd Century Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-027838

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