22nd Century Group, Inc. (XXII) Form 424B3 — Aug 14, 2026
22nd Century Group filed Prospectus Supplement No. 1 on August 14, 2026, amending its June 26, 2026 prospectus covering up to 3,019,586 shares of common stock issuable upon exercise of warrants originally issued in a private placement on June 9, 2026. On August 13, 2026, the company signed a letter agreement with the holders of all outstanding warrants that temporarily cuts the exercise price to $0.3675 through 11:59 p.m. EST on August 18, 2026, after which the price reverts to its prior level, and also permits cashless exercise of the warrants at any time.
Key figures
- Offering Price
- 0.3675
- Shares Offered
- 3019586
- Warrant origin
- warrants issued in a private placement on June 9, 2026
- Exercise deadline
- 11:59 p.m. EST on August 18, 2026
- Par value per share
- 0.00001
- Exercise price vs close
- exercise price equals roughly 9% of the August 13, 2026 closing price ($0.3675 vs. $4.11)
- Market close aug 13 usd
- 4.11
- Reduced exercise price usd
- 0.3675
- Cashless exercise permitted
- Yes
AI analysis
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