22nd Century Group, Inc. Files 8-K Report
Ticker: XXII · Form: 8-K · Filed: Jan 13, 2025 · CIK: 1347858
| Field | Detail |
|---|---|
| Company | 22nd Century Group, Inc. (XXII) |
| Form Type | 8-K |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001, $6.04 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, corporate-filing, disclosure
TL;DR
22nd Century Group moved its HQ to North Carolina, filed an 8-K.
AI Summary
On January 13, 2025, 22nd Century Group, Inc. filed an 8-K report. The filing indicates the company's principal executive office is located at 321 Farmington Road, Mocksville, North Carolina, 27028. The report was filed under the Securities Exchange Act of 1934.
Why It Matters
This filing provides an update on the company's principal executive office location, which is important for regulatory compliance and investor information.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of the company's principal executive office location and does not appear to contain significant new financial or operational information.
Key Players & Entities
- 22nd Century Group, Inc. (company) — Registrant
- January 13, 2025 (date) — Date of earliest event reported
- 321 Farmington Road, Mocksville, North Carolina, 27028 (location) — Principal Executive Office
- Securities Exchange Act of 1934 (legal_document) — Governing Act for filing
FAQ
What is the new principal executive office address for 22nd Century Group, Inc.?
The new principal executive office address for 22nd Century Group, Inc. is 321 Farmington Road, Mocksville, North Carolina, 27028.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 13, 2025.
Under which act is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the state of incorporation for 22nd Century Group, Inc.?
The state of incorporation for 22nd Century Group, Inc. is Nevada.
What is the Commission File Number for 22nd Century Group, Inc.?
The Commission File Number for 22nd Century Group, Inc. is 001-36338.
Filing Stats: 543 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2025-01-13 13:53:32
Key Financial Figures
- $0.00001 — nge on Which Registered Common Stock, $0.00001 par value per share XXII NASDAQ Capit
- $6.04 — e reset of the Conversion Price down to $6.04 per share. SIGNATURES Pursuant to t
Filing Documents
- tm253186-1_8k.htm (8-K) — 24KB
- 0001104659-25-002973.txt ( ) — 193KB
- xxii-20250113.xsd (EX-101.SCH) — 3KB
- xxii-20250113_lab.xml (EX-101.LAB) — 33KB
- xxii-20250113_pre.xml (EX-101.PRE) — 22KB
- tm253186-1_8k_htm.xml (XML) — 4KB
01
Item 8.01 Other Events. Reset of Conversion Price in Senior Secured Credit Facility As previously disclosed, on October 9, 2024, 22nd Century Group, Inc. (the "Company") entered into that certain Letter Agreement to modify the terms of the Securities Purchase Agrement dated March 3, 2023 (the "JGB SPA") and debentures (the "Debentures"), as amended, with JGB Partners, LP (" JGB Partners "), JGB Capital, LP (" JGB Capital ") and JGB Capital Offshore Ltd. (" JGB Offshore " and collectively with JGB Partners and JGB Capital, the " Holders ") and JGB Collateral, LLC, as collateral agent for the Holders (the " Agent "). Under the terms of the Letter Agreement, as approved by the stockholders at the December 6, 2024 special meeting of stockholders, the Company was granted approval to reset the Conversion Price (as defined in the Debentures) currently in effect, at the discrection of the Board of Directors and on a one time basis, to an amount equal to the average of the daily VWAPs for each of the five (5) consecutive Nasdaq trading days immediately preceding the date on which the Conversion Price shall be reset. On January 13, 2025, the Board of Directors approved the reset of the Conversion Price down to $6.04 per share.
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 13, 2025 Lawrence Firestone Chief Executive Officer