22nd Century Group Relocates HQ to Buffalo, NY

TL;DR

**22nd Century Group moved its HQ to Buffalo, NY, an administrative update.**

AI Summary

22nd Century Group, Inc. filed an 8-K on January 24, 2024, to update its registration information, specifically changing its principal executive office address from 8560 Main Street, Williamsville, NY 14221 to 500 Seneca Street, Suite 507, Buffalo, New York 14204. This administrative update signals a physical relocation of the company's main operations, which could impact operational efficiency or future strategic decisions, though the filing itself doesn't detail the 'why'. For investors, this matters as it reflects a change in the company's physical footprint, potentially indicating a shift in operational strategy or cost management, even if minor.

Why It Matters

A change in headquarters can signal a company's strategic shift, cost-cutting measures, or expansion plans, potentially impacting future operational efficiency and investor confidence.

Risk Assessment

Risk Level: low — This filing is primarily an administrative update regarding a change of address and does not indicate any immediate financial or operational risks.

Analyst Insight

Investors should note the administrative change in headquarters but recognize that this filing alone provides no direct financial or operational performance indicators. Further investigation into the reasons behind the move (e.g., cost savings, expansion, new talent pool) would be prudent if the company provides more details in future communications.

Key Players & Entities

• 22nd Century Group, Inc. (company) — the registrant filing the 8-K
• 8560 Main Street, Suite 4, Williamsville, NY 14221 (address) — the former business address of 22nd Century Group, Inc.
• 500 Seneca Street, Suite 507, Buffalo, New York 14204 (address) — the new principal executive office address of 22nd Century Group, Inc.
• January 24, 2024 (date) — the date of the earliest event reported in the 8-K filing
• Nevada (state) — state of incorporation for 22nd Century Group, Inc.

FAQ

Key Financial Figures

• $0.00001 — nge on Which Registered Common Stock, $0.00001 par value per share XXII Nasdaq Capit

Filing Documents

• tm244036d1_8k.htm (8-K) — 37KB
• tm244036d1_ex99-1.htm (EX-99.1) — 11KB
• 0001104659-24-006273.txt ( ) — 223KB
• xxii-20240124.xsd (EX-101.SCH) — 3KB
• xxii-20240124_lab.xml (EX-101.LAB) — 33KB
• xxii-20240124_pre.xml (EX-101.PRE) — 22KB
• tm244036d1_8k_htm.xml (XML) — 3KB

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. A 2024 Special Meeting of Stockholders of the Company was held on Wednesday, January 24, 2024 to vote on the following proposals: (1) To approve an amendment to the Company's Articles of Incorporation, as amended, to effect a reverse stock split of the Company's outstanding common stock at a ratio between 1-for-2 and 1-for-16, to be determined at the discretion of the Board of Directors, for the purpose of complying with the Nasdaq Listing Rules, subject to the Board or Directors' discretion to abandon such amendment. In accordance with the voting results listed below, the proposal was approved. For Against Abstain Broker non-votes 21,678,116 7,225,428 218,772 0 (2) To approve an amendment to the Company's Articles of Incorporation to increase the number of authorized shares of common stock from sixty-six million, six hundred sixty-six thousand sixty hundred sixty-seven (66,666,667) to two hundred fifty million (250,000,000). The votes were cast as follows: For Against Abstain Broker non-votes 20,785,163 8,114,389 222,764 0 (3) To approve the issuance of shares of the Company's common stock upon exercise of the warrants to purchase common stock (the "Inducement Warrants") issued to accredited investors pursuant to warrant inducement agreements in accordance with the terms of the Inducement Warrants, as required by and in accordance with Nasdaq Listing Rules. In accordance with the voting results listed below, the proposal was approved. For Against Abstain Broker non-votes 15,798,872 4,135,656 117,841 9,069,947 (4) The approval of an adjournment of the Special Meeting to a later date, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, Proposals 1, 2, and 3. In accordance with the voting results listed below, the proposal was approved. For Against

01

Item 8.01 Other Events. On January 24, 2024, the Company issued a press release announcing the results of the Special Meeting and the adjournment of the Special Meeting solely with respect to Proposal 2. A copy of such press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release dated January 24, 2024.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 22ND CENTURY GROUP, INC. /s/ Lawrence Firestone Date:January 24, 2024 Lawrence Firestone Chief Executive Officer

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View this 8-K filing on SEC EDGAR