other_material
confidence high
sentiment negative
materiality 0.65
22nd Century shareholders approve doubling authorized shares and reverse split authorization
22nd Century Group, Inc.
- Shareholders approved doubling authorized common shares from 250M to 500M.
- Approved reverse stock split range 1:2 to 1:100 at Board discretion for Nasdaq compliance.
- Approved 5M additional shares for the 2021 Omnibus Incentive Plan.
- Approved issuance of shares upon exercise of warrants dated Oct 2024 and May 2025.
- Say-on-pay passed; directors Firestone and Keys re-elected; Freed Maxick CPAs ratified.
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