22nd Century Group amends JGB debentures allowing conversion price reset; director resigns

22nd Century Group, Inc.

Amended JGB debentures: one-time reset of conversion price to 5-day VWAP average, not exceeding $6.04; $3.8M outstanding.
Stockholder approval required by Aug 15, 2025 for unlimited share issuance above 20% at discount; seek at every meeting if not obtained.
Director Anthony Johnson resigned effective July 15, 2025; no conflict with company.
Conversion price reset subject to holder consent; reset date notice to holders required.

item 1.01item 5.02item 9.01

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Departed

Anthony Johnson

Director

XXII · 22nd Century Group, Inc.

Effective: 2025-07-15
Filed: May 22, 2025 23:59 UTC

On May 22, 2025, Anthony Johnson, a Director of the Company, provided written notice to the Company that he is resigning effective July 15, 2025.

Source: SEC EDGAR

accession 0001641172-25-012097

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