Highest-materiality recent filing
Q1 2026: net rev $4.1M (-31% YoY); zero debt; VLN now in 2,000+ stores
Net revenues $4.1M, down 31.1% YoY from $5.96M; net loss from continuing ops $3.0M improved from $3.3M.
22nd Century Group registers $6.4M common stock ATM offering with Needham & Co.
Filed prospectus supplement under S-3 to sell up to $6.4M in common stock via ATM program.
22nd Century Q4 2025 net rev $3.5M, net loss $2.8M; exits year debt-free with $7.1M cash
Q4 net revenues $3.5M, down 12% YoY; gross loss improved to $(0.8)M from $(1.3)M.
Initial close of $16.0M of Series B Preferred at $1,000 stated value; additional $4M possible within one year.
Preliminary Q4 2025 net revenue $3.6M vs $4.0M in Q3; FY2025 revenue $17.6M vs $24.4M in 2024.
22nd Century Group files 1-for-15 reverse stock split to regain NASDAQ listing compliance
Reverse stock split ratio is 1-for-15, effective at 12:01 a.m. ET on January 26, 2026.
Extends Stockholder Approval Deadline from 90 days post-closing to February 23, 2026.
Net revenue $4.0M, down 32.5% YoY; gross loss widened to $1.1M from $0.6M in prior quarter.
22nd Century settles insurance claim for $9.5M cash; company now debt-free
Settlement resolves all business-interruption claims from Nov 2022 Grass Valley fire; insurer pays $9.5M within 45 days.
22nd Century repays $3.9M senior secured debt, becomes debt-free
Repaid $3.9M outstanding under JGB SPA and terminated all related debentures and liens on Sept 18, 2025.
22nd Century Group replaces auditor Freed Maxick with WithumSmith+Brown effective Aug 22, 2025
Audit Committee approved replacement of Freed Maxick P.C. due to acquisition of certain assets by WithumSmith+Brown, PC.
22nd Century Group raises $10.65M in Series A Preferred and Warrants offering
$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.
22nd Century Q2 revenue falls 48.6% to $4.1M; operating loss widens
Net revenues $4.1M, down 48.6% YoY from $7.9M and sequentially from $6.0M.
22nd Century shareholders approve doubling authorized shares and reverse split authorization
Shareholders approved doubling authorized common shares from 250M to 500M.
22nd Century expands Pinnacle deal with top-5 c-store chain; exclusive manufacturing for 5 years
Exclusive 5-year manufacturing deal for Pinnacle cigarettes and moist snuff brands with top-5 c-store chain.
Reverse stock split at 1:23 ratio, effective 12:01 a.m. ET on June 20, 2025.
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.
On May 22, 2025, Anthony Johnson, a Director of the Company, provided written notice to the Company that he is resigning effective July 15, 2025.
Max materiality 0.80 · Median 0.65 · Most common event other_material