Company: XXII
Filing Date: 2025-07-02
Form Type: 424B3
Source: 0001641172-25-017570
Chunk: 5

Company: 22nd Century Group, Inc.
Filing Date: 2025-07-02
Form: 424B3
Chunk 5
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 are incorporated in the State of Nevada The rights of our stockholders are generally covered by Nevada law and our amended and restated articles of incorporation and amended and restated bylaws. The terms of our capital stock are therefore subject to Nevada law.

Our authorized capital stock consists of 10,869,565 shares of common stock, $0.00001 par value per share, and 10,000,000 shares of preferred stock, $0.00001 par value per share.

On June 16, 2025 we filed a certificate of change authorizing a 1-for-23 reverse stock split of our issued and outstanding shares of common stock, par value $0.00001 (the “June Reverse Stock Split”). There was no change to our authorized shares. The June Reverse Stock Split became effective at 12:01 a.m. Eastern Time on June 20, 2025. Unless otherwise indicated, all share and per share prices herein have been adjusted to retroactively reflect the June Reverse Stock Split and all prior reverse stock splits. However, common stock share and per share amounts in certain of the documents incorporated by reference herein have not been adjusted to give effect to the prior reverse stock splits.

As of June 18, 2025, 500,331 shares of common stock were issued and outstanding (including 156,554 shares of common stock held in abeyance), 370 shares of common stock were issuable upon the exercise of pre-funded warrants, 4,496,026 shares of common stock issuable upon the exercise of warrants (or up to 8,772,493 shares of common stock issuable upon the exercise of warrants inclusive of “alternate cashless exercise” provisions) and no shares of preferred stock were issued and outstanding.

Common Stock

Our common stock is traded on the Nasdaq Capital Market under the symbol “XXII.” Holders of our common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders and do not have cumulative voting rights. Holders of common stock are entitled to receive ratably such dividends, if any, as may be declared by the board of directors out of funds legally available therefore, subject to a preferential dividend right of outstanding preferred stock. Upon the liquidation, dissolution or our winding up, the holders of common stock are entitled to receive ratably our net assets available after the payment of all debts and other liabilities and subject to the prior rights of any outstanding preferred stock. The rights, preferences and