22nd Century Group Files 8-K for Regulation FD Disclosure
Ticker: XXII · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1347858
| Field | Detail |
|---|---|
| Company | 22nd Century Group, Inc. (XXII) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001, $1.5 million, $8.3 million, $0.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulation-fd, disclosure
TL;DR
22nd Century Group filed an 8-K for a Reg FD disclosure - details to follow.
AI Summary
On June 24, 2024, 22nd Century Group, Inc. filed an 8-K to disclose a Regulation FD event. The filing does not contain specific financial details or material business updates beyond the reporting of the event itself.
Why It Matters
This filing indicates that 22nd Century Group has made a disclosure under Regulation FD, which requires public companies to disseminate material non-public information broadly. Investors should look for subsequent filings or press releases for the specific details of this disclosure.
Risk Assessment
Risk Level: low — The filing is a standard procedural disclosure and does not contain negative financial information or operational changes.
Key Players & Entities
- 22nd Century Group, Inc. (company) — Registrant
- June 24, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to disclose an event under Regulation FD.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is June 24, 2024.
What is the company's principal executive office address?
The company's principal executive office is located at 321 Farmington Road, Mocksville, North Carolina 27028.
What is the company's telephone number?
The company's telephone number, including area code, is (716) 270-1523.
What state is 22nd Century Group, Inc. incorporated in?
22nd Century Group, Inc. is incorporated in Nevada.
Filing Stats: 457 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-06-25 16:56:08
Key Financial Figures
- $0.00001 — nge on Which Registered Common Stock, $0.00001 par value per share XXII NASDAQ Capit
- $1.5 million — ding principal indebtedness with JGB by $1.5 million to approximately $8.3 million. The rema
- $8.3 million — th JGB by $1.5 million to approximately $8.3 million. The remaining $0.5 million payable by
- $0.5 million — proximately $8.3 million. The remaining $0.5 million payable by GVB under the note has been
Filing Documents
- tm2418200d1_8k.htm (8-K) — 23KB
- tm2418200d1_ex99-1.htm (EX-99.1) — 7KB
- 0001104659-24-074782.txt ( ) — 201KB
- xxii-20240624.xsd (EX-101.SCH) — 3KB
- xxii-20240624_lab.xml (EX-101.LAB) — 33KB
- xxii-20240624_pre.xml (EX-101.PRE) — 22KB
- tm2418200d1_8k_htm.xml (XML) — 3KB
01. Regulation
Item 7.01. Regulation FD Disclosure. Effective June 24, 2024, GVB Biopharma ("GVB"), the Company's former subsidiary, made a scheduled principal and interest payment against the Company's outstanding indebtedness with JGB Partners, LP and related affiliates (collectively, "JGB"), reducing the Company's total outstanding principal indebtedness with JGB by $1.5 million to approximately $8.3 million. The remaining $0.5 million payable by GVB under the note has been extended to December 31, 2024. On June 25, 2024, the Company issued a press release regarding the JGB principal reduction, a copy of which is attached hereto as Exhibit 99.1.
01. Financial
Item 9.01. Financial 99.1 Press Release dated June 25, 2024 (filed herewith). 104 Cover Page Interactive Data File (embedded within the inline XBRL document)
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 D. Firestone Date: June 25, 2024 Lawrence D. Firestone Chief Executive Officer