Company: XXII
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001493152-25-020754
Chunk: 28

Company: 22nd Century Group, Inc.
Filing Date: 2025-11-04
Form: 424B5
Chunk 28
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 be convertible into or exchangeable for our common stock. We will include provisions as to settlement upon conversion or exchange and whether conversion or exchange is mandatory, at the option of the holder or at our option. We may include provisions pursuant to which the number of shares of our common stock that the holders of the series of debt securities receive would be subject to adjustment.

Consolidation, Merger and Sale of Assets

We may not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of our properties and assets to any person, which we refer to as a successor person, unless:

| ● | we                                                                                                                                 
 are the surviving corporation or the successor person (if other than us) is a corporation organized and validly existing under the 
 laws of any U.S. domestic jurisdiction and expressly assumes our obligations on the debt securities and under the indenture; and   |

| ● | immediately                                                                                                    
 after giving effect to the transaction, no Default or Event of Default, shall have occurred and be continuing. |

Notwithstanding the above, any of our subsidiaries may consolidate with, merge into or transfer all or part of its properties to us.

Events of Default

“Event of Default” means with respect to any series of debt securities, any of the following:

| ● | default                                                                                                                               
 in the payment of any interest upon any debt security of that series when it becomes due and payable, and continuance of such default 
 for a period of 30 days (unless the entire amount of the payment is deposited by us with the trustee or with a paying agent prior     
 to the expiration of the 30-day period);                                                                                              |

| ● | default                                                                     
 in the payment of principal of any security of that series at its maturity; |

| ● | default                                                                                                                               
 in the performance or breach of any other covenant or warranty by us in the indenture (other than a covenant or warranty that has     
 been included in the indenture solely for the benefit of a series of debt securities other than that series), which default continues 
 uncured for a period of 60 days after we receive written notice from the trustee, or we and the trustee receive written notice from   
 the holders of not less than 25% in principal amount of the outstanding debt securities of that series as provided in the indenture;  |

| ● | certain                                                                                
 voluntary or involuntary events of bankruptcy, insolvency or reorganization of us; and |

| ● | any                                                                                                                                       
 other Event of Default provided with respect to debt