secwatch.observer — SEC 8-K summary
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Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K/A
Filed at:   2026-06-09T13:28:00+00:00
Accession:  0001493152-26-027870
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

22nd Century Group files 1-for-20 reverse stock split, raises ~$463K in warrant inducement
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- 1-for-20 reverse stock split effective June 12, 2026 to regain NASDAQ compliance; outstanding shares to fall from ~10.3M to ~516k.
- Warrant inducement: holders exercised Existing Warrants ($3.57 strike) at reduced price $0.4626, receiving new Inducement Warrants ($3.57 strike).
- Gross cash proceeds of ~$462,800; $2.01M of Series B Preferred Stock redeemed via the inducement.
- 8-K/A corrects prior filing: Inducement Warrant exercise price was $3.57, not $0.4626 as originally stated.
- Stockholder approval required for reverse split under Nevada law; no reduction in authorized shares (500M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000149315226027870/0001493152-26-027870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000149315226027870/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027870

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