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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

22nd Century Group, Inc.: Filing of Certificate of Designation for Series A Preferred Stock establishing rights, preferences, and limitations.

Change: charter amendment

Exact text from the filing

Prior to the closing of the Offering, the Company will file a Certificate of Designation of Preferences, Rights and Limitations with the Secretary of State of the State of Nevada designating 10,650 shares out of the authorized but unissued shares of its preferred stock as Series A Preferred Stock with a stated value of $1,000 per share (the “Series A Certificate of Designation”).

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22nd Century Group, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-025279

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