22nd Century Group, Inc. (XXII) Form 424B5 — Oct 23, 2026
22nd Century Group filed a 424B5 prospectus supplement registering an at-the-market offering of up to $18.8 million of common stock through Needham & Company under its November 2025 sales agreement. The company has only about 19.2 million shares outstanding and a public float of roughly $70.7 million, with the stock closing at $0.2157 on October 22, 2026 — so the registered capacity is substantial relative to its size, and it has already sold $4.7 million under the baby-shelf limit in the past 12 months.
Key figures
- Gross Proceeds
- up to $18,800,000
- Offering Price
- $0.2157 (closing price Oct 22, 2026; ATM sold at market prices)
- Shares Outstanding
- 19202198
- Sales Agent
- Needham & Company, LLC
- Public Float Value
- $70.7 million
- Prior Sales Under IB6
- $4.7 million in trailing 12 months
- Sales Agreement Date
- 2025-11-04
AI analysis
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