Dividends & Buybacks ·
Announces 1-for-58 reverse stock split to restore Nasdaq compliance effective Nov 5
XXII22nd Century Group, Inc.
22nd Century Group, Inc. will file a Certificate of Amendment with the State of Nevada on November 3, 2026, authorizing a 1-for-58 reverse stock split of its common stock. The split becomes effective at 12:01 a.m. Eastern Time on November 5, 2026, and shares will begin trading on a split-adjusted basis at the market open that day. The action is taken to restore compliance with Nasdaq Capital Market’s continued listing standards. Fractional shares are not issued; instead, one whole share of post-split common stock is issued to any stockholder who would otherwise receive a fractional share. Outstanding options, warrants, and Series A preferred stock will be appropriately adjusted. Prior to the split, 31,949,758 shares were outstanding, reducing to approximately 550,858 shares post-split. The company operates in the tobacco harm reduction industry, developing and marketing reduced-risk nicotine products.