22nd Century Group Files 8-K with Material Agreements
Ticker: XXII · Form: 8-K · Filed: Aug 25, 2025 · CIK: 1347858
| Field | Detail |
|---|---|
| Company | 22nd Century Group, Inc. (XXII) |
| Form Type | 8-K |
| Filed Date | Aug 25, 2025 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.00001, $10.65 million, $1,000, $2.19, $0.394 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-action, filing
Related Tickers: XXII
TL;DR
22nd Century Group (XXII) filed an 8-K detailing material agreements and changes to security holder rights.
AI Summary
On August 22, 2025, 22nd Century Group, Inc. entered into a material definitive agreement. The company also made material modifications to the rights of its security holders and amended its articles of incorporation or bylaws. This filing also includes financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate actions by 22nd Century Group, Inc., potentially impacting its structure, operations, and shareholder rights.
Risk Assessment
Risk Level: medium — Material definitive agreements and modifications to security holder rights can introduce significant changes and potential risks for investors.
Key Players & Entities
- 22nd Century Group, Inc. (company) — Registrant
- August 22, 2025 (date) — Date of earliest event reported
- 001-36338 (other) — Commission File Number
- 98-0468420 (other) — I.R.S. Employer Identification No.
FAQ
What is the nature of the material definitive agreement entered into by 22nd Century Group, Inc. on August 22, 2025?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text snippet.
What specific modifications were made to the rights of security holders?
The filing states that material modifications were made to the rights of security holders, but the exact nature of these modifications is not detailed in the provided text.
What amendments were made to the articles of incorporation or bylaws?
The filing notes amendments to the articles of incorporation or bylaws, but the specifics of these amendments are not elaborated upon in the provided text.
What is the principal business address of 22nd Century Group, Inc.?
The principal business address of 22nd Century Group, Inc. is 321 Farmington Road, Mocksville, North Carolina, 27028.
What is the state of incorporation for 22nd Century Group, Inc.?
22nd Century Group, Inc. is incorporated in Nevada.
Filing Stats: 2,307 words · 9 min read · ~8 pages · Grade level 13.3 · Accepted 2025-08-22 17:43:09
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value XXII NASDAQ Capital Mark
- $10.65 million — ) with respect to the offer and sale of $10.65 million of shares of Series A Convertible Prefe
- $1,000 — nvertible Preferred Stock, stated value $1,000 per share (the "Series A Preferred Stoc
- $2.19 — tock") at a initial conversion price of $2.19 (subject to adjustment in certain circu
- $0.394 — adjustments subject to a floor price of $0.394) and warrants (the "Warrants") to purch
- $1.97 — ely exercisable at an exercise price of $1.97 per share of Common Stock and expire on
- $10 million — enses, are expected to be approximately $10 million. The Company expects to use the proceed
- $25,000 — ent of legal fees up to an aggregate of $25,000. The Company has also agreed to reimbur
- $1,000,000 — ing volume for the Common Stock exceeds $1,000,000 per day during such period, the Company
- $100,000 — Certificate of Designations) exceeding $100,000. Trading Market There is no establi
Filing Documents
- form8-k.htm (8-K) — 64KB
- ex1-1.htm (EX-1.1) — 161KB
- ex4-1.htm (EX-4.1) — 111KB
- ex4-2.htm (EX-4.2) — 112KB
- ex5-1.htm (EX-5.1) — 22KB
- ex10-1.htm (EX-10.1) — 236KB
- ex5-1_001.jpg (GRAPHIC) — 4KB
- 0001641172-25-025279.txt ( ) — 1019KB
- xxii-20250822.xsd (EX-101.SCH) — 3KB
- xxii-20250822_lab.xml (EX-101.LAB) — 33KB
- xxii-20250822_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
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: August 22, 2025 Lawrence Firestone Chief Executive Officer