22nd Century Group, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by 22nd Century Group, Inc. on January 26, 2016, reporting an event that occurred on January 25, 2016. The Company is incorporated in Nevada and maintains its principal executive office in Clarence, New York.
Key Financial Metrics
The filing does not provide data regarding revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on a capital structure event.
Material Changes
On January 25, 2016, warrants issued on January 25, 2011, expired. These warrants granted the right to purchase 6,831,115 shares of common stock. Consequently, the total number of outstanding warrants decreased by approximately 41%, dropping from 16,567,736 to 9,736,621. As of the expiration date, there were 71,006,844 shares of the Company's common stock outstanding.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the expiration of the specified warrants.
Key Facts for Investor Verification
- Expiration of 6,831,115 warrants issued in 2011.
- Reduction in total outstanding warrants to 9,736,621.
- Common stock outstanding count of 71,006,844 as of January 25, 2016.
- No financial performance data or future outlook provided in this specific filing.