22nd Century Group Moves Principal Executive Office

TL;DR

22nd Century Group moved its HQ to North Carolina.

AI Summary

On June 3, 2024, 22nd Century Group, Inc. filed an 8-K report. The filing indicates a change in the company's principal executive office address to 321 Farmington Road, Mocksville, North Carolina, 27028. This change is effective as of June 3, 2024.

Why It Matters

A change in principal executive office can signal operational shifts or restructuring within a company.

Risk Assessment

Risk Level: low — This filing reports a change of address for the principal executive office, which is a routine administrative update.

Key Players & Entities

• 22nd Century Group, Inc. (company) — Registrant
• June 3, 2024 (date) — Date of earliest event reported
• 321 Farmington Road, Mocksville, North Carolina, 27028 (location) — New Principal Executive Office Address

FAQ

Key Financial Figures

• $0.00001 — nge on which registered Common Stock, $0.00001 par value XXII NASDAQ Capital Market
• $8,410,000 — rs' equity (deficit) of the Company of ($8,410,000) as of December 31, 2023, as reported i
• $2,500,000 — mum stockholders' equity requirement of $2,500,000 and (ii) the Company did not, as of Apr

Filing Documents

• tm2416418d1_8k.htm (8-K) — 24KB
• 0001104659-24-068302.txt ( ) — 191KB
• xxii-20240603.xsd (EX-101.SCH) — 3KB
• xxii-20240603_lab.xml (EX-101.LAB) — 33KB
• xxii-20240603_pre.xml (EX-101.PRE) — 22KB
• tm2416418d1_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. Acceptance of plan for regaining compliance with Nasdaq Listing Rule 5550(b)(1) As previously disclosed, on April 4, 2024, 22 nd Century Group, Inc. (the "Company") received a letter from Nasdaq Stock Market LLC ("Nasdaq") indicating that it was not in compliance with Nasdaq Listing Rule 5550(b)(1), because (i) the stockholders' equity (deficit) of the Company of ($8,410,000) as of December 31, 2023, as reported in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, was below the minimum stockholders' equity requirement of $2,500,000 and (ii) the Company did not, as of April 3, 2024, meet the alternatives standards of market value of listed securities or net income from continuing operations for compliance with Nasdaq Listing Rule 5550(b)(1). The letter indicated that the Company had a period of 45 calendar days from the date of the letter to submit a plan to regain compliance. The Company submitted its plan to regain compliance to Nasdaq on May 17, 2024. On June 3, 2024, the Company received a letter from Nasdaq notifying the Company that Nasdaq had reviewed the Company's plan for regaining compliance with Nasdaq Listing Rule 5550(b)(1) and granted the Company a 180-calendar day extension from April 4, 2024 (or until October 1, 2024) to evidence compliance with Nasdaq Listing Rule 5550(b)(1). If the Company fails to evidence compliance with Nasdaq Listing Rule 5550(b)(1) on or before October 1, 2024, the Company may be subject to delisting. Were this to occur, Nasdaq will provide the Company notice that the Company's ordinary shares are to be subject to delisting. At that time, the Company may appeal the delisting determination to a hearings panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules. However, there can be no assurance that, if the Company does appeal any delisting determination by Nasdaq to the panel, that such appeal would be successful. The Company intends to take a

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: June 4, 2024 Lawrence Firestone Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR