secwatch.observer — SEC 8-K summary
======================================

Issuer:     22nd Century Group, Inc. (XXII)
CIK:        0001347858
Form:       8-K
Filed at:   2025-05-22T23:59:59+00:00
Accession:  0001641172-25-012097
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1347858/000164117225012097/0001641172-25-012097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1347858/000164117225012097/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-012097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer