other_material
confidence high
sentiment neutral
materiality 0.50
22nd Century Group announces 1-for-23 reverse stock split effective June 20, 2025 to regain NASDAQ compliance
22nd Century Group, Inc.
- Reverse stock split at 1:23 ratio, effective 12:01 a.m. ET on June 20, 2025.
- Authorized shares reduced from 250M to ~10.87M; outstanding from ~11.5M to ~500,331.
- No fractional shares issued; any fractional holder receives one whole share post-split.
- Split approved by Board without stockholder vote under Nevada law.
- Ticker remains XXII; new CUSIP 90137F509.
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