22nd Century Group raises $10.65M in Series A Preferred and Warrants offering

22nd Century Group, Inc.

$10.65M offering of Series A Convertible Preferred Stock (stated value $1,000/share) and 5-year warrants to buy common at $1.97/share.
Initial conversion price $2.19/share, subject to anti-dilution adjustment with a floor price of $0.394 after stockholder approval.
Net proceeds ~$10M used to repay JGB debt and general working capital.
Offering expected to close on August 26, 2025, subject to customary closing conditions.
Preferred stock has no voting rights but requires consent for major changes; redeemable at 110% after one year.

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