Company: XXII
Filing Date: 2025-04-17
Form Type: 8-K
Source: 0001641172-25-005243
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Company: 22nd Century Group, Inc.
Filing Date: 2025-04-17
Form: 8-K
Item: Item 7.01
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Item
7.01 Regulation FD Disclosure.

On
April 17, 2025, 22 nd nd In re 22nd Century Group, Inc.
Derivative Litigation In re 22ndCentury Group, Inc. Derivative Litigation Mathew
v. Sicignano, et al., Rowley v. Sicignano, et
al., Broccuto v. Cornell, et al., Wayne v. Cornell, et al., Troup v. Sullivan, et al.,

The
parties to the Derivative Actions have reached an agreement that would resolve the Derivative Actions and release other potential derivative
claims. If the United States District Court for the Western District of New York (“ Court”) approves the proposed settlement:
(i) insurance carriers for the Company would pay the attorneys for Plaintiffs $768,333; and (ii) the Company would maintain certain corporate
governance practices for a period of at least five years. The settlement does not include any admission of liability, and the defendants
expressly deny any wrongdoing. The terms and conditions of the proposed settlement are contained in the Stipulation and Agreement of
Settlement (the “ Settlement Agreement”).

On
April 7, 2025, the Court entered an Order in the Lead Action directing the Company to issue this Form 8-K to provide shareholders with
the Notice of Pendency and Proposed Settlement of Stockholder Derivative Actions (the “ Notice”) and the Settlement Agreement.
The Notice and the Settlement Agreement are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.
The Notice and Settlement Agreement are also available for review on the Investor Relations section of the Company’s website at

https://ir. xxiicentury. com/.

In
accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibits 99.1 and
99.2 hereto, which are furnished herewith pursuant to and relate to this Item 7.01, shall not be deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), or otherwise be subject to the liabilities
of Section 18 of the Exchange Act. The information in this Item 7.01 of this Current Report on Form 8-K and Exhibits 99.1 and 99.2 hereto
shall