Company: XXII
Filing Date: 2025-09-18
Form Type: 8-K
Source: 0001493152-25-014065
Chunk: 0

Company: 22nd Century Group, Inc.
Filing Date: 2025-09-18
Form: 8-K
Item: Item 1.02
Chunk 0
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Item 1.02

Termination of a Material Definitive Agreement.

Senior
Secured Credit Facility

On
September 18, 2025, 22nd Century Group, Inc. (the “ Company”) repaid in full all outstanding obligations under, and terminated,
that certain Securities Purchase Agreement, dated as of March 3, 2023 (as amended from time to time, the “ JGB SPA”), the
related debentures issued thereunder (the “ Debentures”), and the related security and collateral documents, by and among
the Company, JGB Partners, LP, JGB Capital, LP and JGB Capital Offshore Ltd. (collectively, the “ Holders”), and JGB Collateral,
LLC, as collateral agent (the “ Agent”). In connection with the payoff and termination, the Company paid the outstanding principal,
accrued and unpaid interest, and all other amounts then due and payable, totaling $3.9 million in aggregate payments made between
August 29, 2025 and September 18, 2025. All liens and security interests securing the Debentures and related obligations were released.
The termination of the JGB SPA, Debentures and related security documents occurred prior to their stated maturity.

Item
9.01(d): Financial Statements and Exhibits.