XXII

#5050
22nd Century Group, Inc - Common Stock
2.4 5 USD
+0.07%
Market Price
Settore: Beni di Consumo Difensivi
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
2.45
2.45
Intervallo Annuale
0.27
7.32
Variazione giornaliera
+7.46%
Variazione Mensile
-42.89%
Variazione di 6 mesi
-38.10%
Variazione Annuale
-57.02%
Chiusura Precedente
2.2 8
Open
2.4 5
Minimo
2.4 5
Massimo
2.4 5
Volume
1
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Documents

2026

Current report, 01 Sep 2026
22Nd Century Group, Inc. current report, 01 September 2026
8-K
Current report, Q3 FY2026
22Nd Century Group, Inc. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
22Nd Century Group, Inc. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
22Nd Century Group, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
22Nd Century Group, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
22Nd Century Group, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
22Nd Century Group, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
22Nd Century Group, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
22Nd Century Group, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
22Nd Century Group, Inc. quarterly report, Q1 FY2026
10-Q

22Nd Century Group, Inc. current report, Q1 FY2025

Full document

22nd Century Group, Inc. - Form 8-K Summary

Business Context and Reporting Period

This Form 8-K was filed on January 13, 2025, by 22nd Century Group, Inc. (Nasdaq: XXII), a Nevada corporation. The filing reports a specific corporate action regarding the company's Senior Secured Credit Facility under Item 8.01 (Other Events).

Key Financial Metrics

The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, or total debt levels. The only specific financial figure disclosed is the new conversion price for the company's debentures.

Material Changes

The primary material change reported is the reset of the conversion price for the Senior Secured Credit Facility (Debentures) held by JGB Partners, JGB Capital, and JGB Capital Offshore Ltd. (collectively, the "Holders").

  • Previous Authorization: On October 9, 2024, the Company entered a Letter Agreement to modify the Securities Purchase Agreement dated March 3, 2023. Stockholders approved this modification on December 6, 2024.
  • Reset Mechanism: The Board of Directors was granted a one-time discretion to reset the Conversion Price to the average of the daily Volume-Weighted Average Prices (VWAPs) for the five consecutive Nasdaq trading days immediately preceding the reset date.
  • Action Taken: On January 13, 2025, the Board approved resetting the Conversion Price down to $6.04 per share.

Guidance, Outlook, and Risks

The filing contains no forward-looking guidance, management commentary on future operations, or discussion of general business risks. The document is strictly limited to the disclosure of the conversion price reset event. No unusual items or contingencies beyond the debt modification are mentioned.

Investor Verification Checklist

  • Verify the impact of the $6.04 conversion price reset on potential equity dilution.
  • Review the full text of the Letter Agreement dated October 9, 2024, and the original Securities Purchase Agreement to understand remaining debt obligations.
  • Confirm the current trading volume and VWAP trends of XXII stock to assess the likelihood of future conversions.
  • Check subsequent filings for any further amendments to the credit facility or additional debt restructuring.

Notizie