22nd Century Group, Inc. (XXII)

AI-Powered SEC Filing Analysis

Current Report Filed: 2026-01-22

Key Insights

  • 22nd Century Group, Inc. (XXII) filed a Certificate of Amendment to authorize a 1-for-15 reverse stock split, which was done solely to enable the company to expeditiously restore compliance with the continued listing standard of the NASDAQ Capital Market.
  • The reverse stock split will become effective on January 26, 2026, and the company's common stock will continue to trade on NASDAQ under the symbol 'XXII' but with a new CUSIP number.
  • The reverse stock split will reduce the total number of outstanding shares from approximately 7.65 million to 510,177 shares, but it will not change the company's authorized share count or the par value of the common stock.

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.