Business Context and Reporting Period
This Form 8-K was filed by 22nd Century Group, Inc. on August 5, 2021. The filing addresses a material change in the company's listing status, specifically the voluntary transfer of its common stock from the NYSE American to the NASDAQ Capital Market.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and listing status rather than financial performance.
Material Changes
- Exchange Transfer: The Company notified the NYSE American of its intent to voluntarily cease trading on that exchange.
- New Listing: Trading will commence on the NASDAQ Capital Market on August 16, 2021.
- Trading Symbol: The stock will continue to trade under the symbol XXII.
- Timeline: The last day of trading on the NYSE American is expected to be August 13, 2021.
Guidance, Outlook, and Risks
The filing does not contain forward-looking financial guidance, management commentary on operational outlook, or specific risk factors beyond the transition of the listing venue. The move is described as voluntary.
Investor Verification Checklist
- Confirm the exact trading halt and resumption dates (August 13 vs. August 16, 2021) to avoid trading errors.
- Verify that the stock symbol remains "XXII" on the new exchange.
- Review the attached press release (Exhibit 99.1) for any additional details regarding the rationale for the exchange transfer.
- Check subsequent filings for any financial impact related to the listing transfer costs.