22nd Century Group Terminates Material Agreement
Ticker: XXII · Form: 8-K · Filed: Sep 18, 2025 · CIK: 1347858
| Field | Detail |
|---|---|
| Company | 22nd Century Group, Inc. (XXII) |
| Form Type | 8-K |
| Filed Date | Sep 18, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001, $3.9 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, material-agreement
TL;DR
22nd Century Group terminated a big deal, details TBD.
AI Summary
On September 18, 2025, 22nd Century Group, Inc. filed an 8-K to report the termination of a material definitive agreement. The filing does not specify the other party involved or the financial implications of this termination.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, partnerships, and financial standing, requiring investors to understand the context and consequences.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement introduces uncertainty regarding future business relationships and financial performance.
Key Players & Entities
- 22nd Century Group, Inc. (company) — Registrant
- September 18, 2025 (date) — Date of earliest event reported
FAQ
What specific material definitive agreement was terminated by 22nd Century Group, Inc.?
The filing does not specify the name or details of the material definitive agreement that was terminated.
Who was the other party to the terminated material definitive agreement?
The filing does not disclose the identity of the other party involved in the terminated agreement.
What is the effective date of the termination of the material definitive agreement?
The filing reports the termination as of September 18, 2025, which is the date of the earliest event reported.
Are there any financial implications or penalties associated with this termination?
The filing does not provide any information regarding the financial implications or penalties resulting from the termination.
Does this termination affect any ongoing operations or future plans of 22nd Century Group, Inc.?
The filing does not detail the specific impact of the termination on the company's operations or future plans.
Filing Stats: 523 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2025-09-18 16:15:56
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value XXII NASDAQ Capital Mark
- $3.9 million — amounts then due and payable, totaling $3.9 million in aggregate payments made between Augu
Filing Documents
- form8-k.htm (8-K) — 34KB
- ex99-1.htm (EX-99.1) — 16KB
- 0001493152-25-014065.txt ( ) — 214KB
- xxii-20250918.xsd (EX-101.SCH) — 3KB
- xxii-20250918_lab.xml (EX-101.LAB) — 33KB
- xxii-20250918_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. Senior Secured Credit Facility On September 18, 2025, 22nd Century Group, Inc. (the "Company") repaid in full all outstanding obligations under, and terminated, that certain Securities Purchase Agreement, dated as of March 3, 2023 (as amended from time to time, the "JGB SPA"), the related debentures issued thereunder (the "Debentures"), and the related security and collateral documents, by and among the Company, JGB Partners, LP, JGB Capital, LP and JGB Capital Offshore Ltd. (collectively, the "Holders"), and JGB Collateral, LLC, as collateral agent (the "Agent"). In connection with the payoff and termination, the Company paid the outstanding principal, accrued and unpaid interest, and all other amounts then due and payable, totaling $3.9 million in aggregate payments made between August 29, 2025 and September 18, 2025. All liens and security interests securing the Debentures and related obligations were released. The termination of the JGB SPA, Debentures and related security documents occurred prior to their stated maturity. Item 9.01(d): Financial Statements and Exhibits. Exhibit 99.1 Press Release Exhibit 104 Cover Page Interactive Data File - The cover page XBRL tags are 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 Firestone Date: September 18, 2025 Lawrence Firestone Chief Executive Officer