other material
confidence high
sentiment neutral
materiality 0.60
22nd Century Group shareholders approve reverse stock split and capital raise proposals
22nd Century Group, Inc.
- Reverse stock split approved at ratio between 1:2 and 1:200, board to set final ratio for Nasdaq compliance.
- Issuance of 3,019,586 inducement warrants approved with 62,041 for, 12,518 against.
- Potential future offering of up to $20M convertible preferred stock and warrants approved.
- Potential future offering of up to $10M common stock and warrants approved.
- Adjournment proposal approved with 90,291 for, 28,954 against.