Company: XXII
Filing Date: 2025-06-20
Form Type: S-3
Source: 0001641172-25-015905
Chunk: 9

Company: 22nd Century Group, Inc.
Filing Date: 2025-06-20
Form: S-3
Chunk 9
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 delaying,                                                                                
 deferring or preventing changes in our control or management.                            |

As of the date of this prospectus, there were no shares of preferred stock outstanding.

Stock Options and Restricted Stock

As of June 18, 2025, we had unvested stock options to purchase a total of 20,816 shares of common stock at a weighted average exercise price of $46.23 per share and 6,938 shares of unvested restricted stock or restricted stock units. As of June 18, 2025, an additional 204,115 shares of common stock were available for future award grants under our stock incentive plan.

Outstanding Warrants

As of June 18, 2025, there were 370 pre-funded warrants and 4,496,026 shares of common stock issuable upon the exercise of warrants (or up to 8,772,493 shares of common stock issuable upon the exercise of warrants inclusive of “alternate cashless exercise” provisions) as follows:

| Offering                                              |     | Number of 
 Warrants  |           |     | Current  
 Exercise 
 Price(1) |           |    |     | Expiration Date   |    |
|:------------------------------------------------------|:----|:----------|----------:|:----|:---------|----------:|---:|:----|:------------------|---:|
| July 2022 RDO warrants                                |     |           |         1 |     | $        | 1,527,660 |    |     | July 25, 2027     |    |
| Senior Secured Credit Facility - JGB                  |     |           |         7 |     | $        |   637,784 |    |     | September 3, 2028 |    |
| July 19, 2023 RDO warrants                            |     |           |         9 |     | $        |     18.15 |    |     | July 20, 2028     |    |
| October 2023 CMPO warrants                            |     |           |         4 |     | $        |     18.15 |    |     | October 19, 2028  |    |
| November 2023 Inducement Warrants                     |     |           |         1 |     | $        |     18.15 |    |     | February 15, 2029 |    |
| April 2024