22nd Century Group launches warrant inducement, expects up to $8.8M proceeds

22nd Century Group, Inc.

Offered holders of 11,072,093 existing warrants ($4.3021 exercise) to exercise at reduced price of $0.7893, with 100% warrant coverage.
Holders to exercise 60% immediately (~$5.4M gross) and remaining 40% within 30 days after effectiveness (~$8.8M total if fully exercised).
Issuing new inducement warrants for 100% of shares exercised; exercise price $4.3021, 5-year term, subject to stockholder approval.
Amended PIPE warrants from Oct 2024: cashless exercise now yields 2 shares per warrant (was 0.75); event market price adjusted to $0.75.
Company to file resale registration statement by May 15, 2025; agrees to six-month lock-up on variable rate transactions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.