<a href="https://laohu8.com/S/XXII">22nd Century</a> Group Inc. Announces New Securities Purchase Agreement for $10.65 Million Offering
On August 22, 2025, 22nd Century Group Inc. announced a new securities purchase agreement with investors for the sale of $10.65 million in Series A Convertible Preferred Stock. This stock is initially convertible into 4,863,013 shares of common stock at a conversion price of $2.19 per share, subject to adjustments. The agreement also includes warrants for purchasing common stock at $1.97 per share, expiring five years from issuance. The offering is set to close on August 26, 2025, pending customary closing conditions. The agreement restricts the company from issuing new common stock or equivalents until 45 days post-closing and grants certain investors participation rights in future equity offerings for nine months after the Series A Preferred Stock is fully redeemed.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 22nd Century Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-025279), on August 25, 2025, and is solely responsible for the information contained therein.
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