Company: XXII
Filing Date: 2025-08-26
Form Type: 424B5
Source: 0001641172-25-025541
Chunk: 19

Company: 22nd Century Group, Inc.
Filing Date: 2025-08-26
Form: 424B5
Chunk 19
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 and the accompanying prospectus up to 4,863,013 shares of Common Stock issuable upon conversion of the Series A Preferred Stock using the initial conversion price of $2.19 (the “Conversion Shares”) and up to 9,460,661 shares of Common Stock issuable up exercise of the Warrants (the “Warrant Shares”).

Our authorized capital stock consists of 500,000,000 shares of common stock, $0.00001 par value per share, and 10,000,000 shares of preferred stock, $0.00001 par value per share. The Company has completed reverse stock splits on July 5, 2023 (1-for-15), April 2, 2024 (1-for-16), December 17, 2024 (1-for-135), and June 20, 2025 (1-for-23). Unless otherwise indicated, all share and per share prices herein have been adjusted to retroactively reflect the reverse stock splits. However, certain of the common stock share and per share amounts in the accompanying prospectus have not been adjusted to give effect to the reverse stock splits.

As of August 22, 2025, prior to giving effect to this offering, 3,781,492 shares of common stock were issued and outstanding 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 privileges of holders of our common stock are subject to, and may be adversely affected by the rights of the holders any series of preferred stock that we may designate and issue in the future.

Series A Convertible Preferred Stock

The following is a summary of the material terms and provisions of the Series A Preferred Stock that are being offered. This summary is subject to and qualified in its entirety by the Certificate of Design