Company: XXII
Filing Date: 2025-12-19
Form Type: PRE 14A
Source: 0001493152-25-028573
Chunk: 9

Company: 22nd Century Group, Inc.
Filing Date: 2025-12-19
Form: PRE 14A
Chunk 9
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 on our performance and other factors, some of which are unrelated to the number of shares outstanding. If the Reverse Split is effected and the market price of our common stock declines, the percentage decline as an absolute number and as a percentage of our overall market capitalization may be greater than would occur in the absence of the Reverse Split. Furthermore, the liquidity of our common stock could be adversely affected by the reduced number of shares that would be outstanding after the Reverse Split.

| PROXY STATEMENT | 8 |

Board Discretion to Implement the Reverse Split

If this proposal is approved by the Company’s stockholders, the Board will have the authority, in its sole determination without any further action necessary by the stockholders, to effect the Reverse Split during the Authorized Period at a ratio set forth in the above range, as determined by the board. The board may, in its sole determination, choose to not effect the Reverse Split. The board believes that granting this discretionary authority provides the Board with maximum flexibility to react to prevailing market conditions and future changes to the market price of our common stock, and therefore better enables it to act in the best interests of the Company. In exercising its discretion, the board may consider the following factors:

| ● | the                                                                                                                                 
 historical trading price and trading volume of our common stock;                                                                    |
| ● | the                                                                                                                                 
 then-prevailing trading price and trading volume of our common stock and the anticipated impact of the Reverse Split on the trading 
 market for our common stock; and                                                                                                    |
| ● | the                                                                                                                                 
 prevailing general market and economic conditions.                                                                                  |

At the close of business on December 31, 2025, the Company had [ ] shares of common stock issued and outstanding. Following the effectiveness of the Reverse Split, if implemented, at a 1-for-2 ratio, the Company would have approximately [ ] shares of common stock issued and outstanding (without giving effect to the treatment of fractional shares or any issuances of common stock after December 31, 2025) following the Reverse Split and at a 1-for-200 ratio, the Company would have approximately [ ] shares of common stock issued and outstanding (without giving effect to the treatment of fractional shares or any issuances of common stock after December 31, 2025) following the Reverse Split. The actual number of shares of common stock outstanding after giving effect to the Reverse Split will depend on the ratio that is ultimately selected by the board, and the number of shares of common stock outstanding at the time the Reverse Split is effected