Company: XXII
Filing Date: 2025-12-30
Form Type: DEF 14A
Source: 0001493152-25-029651
Chunk: 13

Company: 22nd Century Group, Inc.
Filing Date: 2025-12-30
Form: DEF 14A
Chunk 13
---
,331 shares of common stock issued and outstanding as of December 30, 2025 and 469,696,182 shares reserved for future issuance as of such date.

| Proposed Ratio |     | Number of Shares of Common Stock Authorized |             |     | Approximate Number of Shares of Common Stock Outstanding |           |     | Approximate Number of Unreserved Shares of Common Stock Available for Future Issuance |             |
| 1-for-2(1)     |     |                                             | 500,000,000 |     |                                                          | 3,826,331 |     |                                                                                       | 482,245,960 |
| 1-for-200(1)   |     |                                             | 500,000,000 |     |                                                          |    38,264 |     |                                                                                       | 494,670,240 |

| (1) | All                                                                                                                                     
 share numbers are rounded up to the nearest whole share but otherwise do not reflect the potential effect of rounding up for fractional 
 shares that may result from the Reverse Split, which is subject to the Board’s discretion to instead pay cash in lieu of any            
 fractional shares.                                                                                                                      |

As reflected in the table above, the number of authorized shares of our common stock will not be reduced by the Reverse Split. Accordingly, the Reverse Split will have the effect of creating additional unissued and unreserved shares of our common stock. We have no current arrangements or understandings providing for the issuance of any of the additional authorized and unreserved shares of our common stock that would be available as a result of the proposed Reverse Split. However, these additional shares may be used by us for various purposes in the future without further stockholder approval (subject to applicable Nasdaq listing rules), including, among other things: (i) raising capital necessary to fund our future operations, (ii) providing equity incentives to our employees, officers, directors and consultants, (iii) entering into collaborations and other strategic relationships and (iv) expanding our business through the acquisition of other businesses or products.

| PROXY STATEMENT | 7 |

Effect of the Reverse Stock Split on the Company’s Equity Incentive Plan, Warrants and Convertible or Exchangeable Securities

Based upon the split ratio, proportionate adjustments are generally required to be made to the per share exercise price and the number of shares issuable upon the exercise or conversion of all outstanding options, warrants, convertible or exchangeable securities entitling the holders to purchase, exchange for, or convert into, shares