Dividends & Buybacks ·
On June 8, 2026, 22nd Century Group, Inc. launched a warrant inducement offering to holders of warrants exercisable at…
XXII22nd Century Group, Inc.
On June 8, 2026, 22nd Century Group, Inc. launched a warrant inducement offering to holders of warrants exercisable at $3.57. In exchange for immediate exercise, the company will issue new "Inducement Warrants" with a reduced exercise price of $0.4626. The company received approximately $462,800 in gross cash proceeds and redeemed 2,010 shares of Series B Preferred Stock valued at $2,010,000. Additionally, the company announced a 1-for-20 reverse stock split effective June 12, 2026, to restore compliance with NASDAQ Capital Market listing standards. This will reduce outstanding common shares from 10,326,551 to approximately 516,328. The company operates in the agricultural industry, focusing on the development and sale of low-nicotine tobacco products.