Company: XXII
Filing Date: 2025-08-26
Form Type: 424B5
Source: 0001641172-25-025541
Chunk: 11

Company: 22nd Century Group, Inc.
Filing Date: 2025-08-26
Form: 424B5
Chunk 11
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 the receipt of the Stockholder Approval, subject to adjustment for certain anti-dilution provisions set forth in the Series A Certificate of Designation, subject to a floor price of $0.394 (the “Series A Conversion Price”). The Company agreed to hold a meeting of stockholders within 90 days of closing to approve the issuance of the shares of Common Stock upon such anti-dilution adjustment and to hold subsequent meetings every 120 days thereafter if the Stockholder Approval is not obtained at the initial meeting. If the Stockholder Approval is not obtained within 180 days, the holders may require the Company to redeem the Series A Preferred Stock at the Stated Value per share of Series A Preferred Stock being redeemed. If the investors require us to redeem the shares, we may not have the cash necessary to fund the redemption. Accordingly, we may be unable to approve the anti-dilution adjustments in the shares and may not be able to redeem your shares.

You may experience future dilution as a result of future equity offerings.

In order to raise additional capital, we may in the future offer additional shares of our common stock or other securities convertible into or exchangeable for our common stock at prices that may not be the same as the price per share in this offering. We may sell shares or other securities in any future offering at a price per share that is less than the price per share paid by investors in this offering, and investors purchasing shares or other securities in the future could have rights superior to existing stockholders. The price per share at which we sell additional shares of our common stock, or securities convertible or exchangeable into our common stock, in future transactions may be higher or lower than the price per share paid by investors in this offering.

There is no public market for the Shares of Series A Preferred Stock or Warrants being offered in this offering.

There is no established public trading market for the Series A Preferred Stock or Warrants in this offering, and we do not expect a market to develop. In addition, we do not intend to apply to list the Series A Preferred Stock or Warrants on any securities exchange or nationally recognized trading system, including the NASDAQ. Without an active market, the liquidity of the Series A Preferred Stock or Warrants will be limited.

Holders of the Series A Preferred Stock or Warrants purchased in this offering will have no rights as holders of common stock until such holders exercise or convert, as applicable, their Series A Preferred Stock or Warrants and acquire our common stock.

Until holders of the Series A Preferred