Company: XXII
Filing Date: 2025-06-20
Form Type: S-3
Source: 0001641172-25-015905
Chunk: 7

Company: 22nd Century Group, Inc.
Filing Date: 2025-06-20
Form: S-3
Chunk 7
---
 cashless exercise” provisions that allow the holders of the warrant to obtain (2) two shares of common stock for a zero exercise price. Such warrants may deter future investors and can result in substantial dilution to our investors. If all of the warrants with such provisions were exercised using the alternate cashless exercise provision, it would result in the issuance of 8,552,935 shares of common stock.

| 1 |

<div align='center'>Description of Capital Stock</div>

The following is a description of our capital stock and certain provisions of our amended and restated articles of incorporation, amended and restated bylaws and certain provisions of applicable law. The following is only a summary and is qualified by applicable law and by the provisions of our amended and restated articles of incorporation and amended and restated bylaws, copies of which are included as exhibits to the registration statement of which this prospectus forms a part. We 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