22nd Century Group stockholders approve reverse stock split plan at special meeting

Reuters2026/08/05 18:27

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22nd Century Group held a special shareholder meeting on Aug. 5, 2026.
Stockholders authorized a reverse stock split, with the ratio to be set by the board within a 1-for-2 to 1-for-200 range.
Investors also cleared the issuance of 3,019,586 inducement warrants issued in June 2026, including the shares issuable on exercise.
Approval was granted for potential future offerings of up to $20 million of convertible preferred stock with accompanying warrants.
Stockholders also approved a potential future offering of up to $10 million of common stock with accompanying warrants, along with authorization to adjourn if needed to solicit additional proxies.

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: 0001493152-26-036144), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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22nd Century Group stockholders approve reverse stock split plan at special meeting

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