{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-006804","form_type":"8-K","ticker":"XXII","cik":"0001347858","company_name":"22nd Century Group, Inc.","filed_at":"2025-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.042715+00:00","generated_at":"2026-05-23T02:07:50.010388+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"22nd Century Group launches warrant inducement, expects up to $8.8M proceeds","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-006804","json":"https://secwatch.observer/filing/0001641172-25-006804.json","markdown":"https://secwatch.observer/filing/0001641172-25-006804.md","text":"https://secwatch.observer/filing/0001641172-25-006804.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1347858/000164117225006804/0001641172-25-006804-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1347858/000164117225006804/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T02:07:50.010388+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}