Company: XXII
Filing Date: 2025-05-08
Form Type: S-3
Source: 0001641172-25-009301
Chunk: 8

Company: 22nd Century Group, Inc.
Filing Date: 2025-05-08
Form: S-3
Chunk 8
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 as shall be determined by the board of directors.

The purpose of authorizing the board of directors to issue preferred stock and determine its rights and preferences is to eliminate delays associated with a stockholder vote on specific issuances. The issuance of preferred stock, while providing desirable flexibility in connection with possible acquisitions and other corporate purposes, could have the effect of making it more difficult for a third part to acquire, or of discouraging a third party from acquiring, a majority of our outstanding voting stock. We have no present plans to issue any additional shares of preferred stock.

| 2 |

The effects of issuing preferred stock could include one or more of the following:

| ● | decreasing                                                                               
 the amount of earnings and assets available for distribution to holders of common stock; |
| ● | restricting                                                                              
 dividends on the common stock;                                                           |
| ● | diluting                                                                                 
 the voting power of the common stock;                                                    |
| ● | impairing                                                                                
 the liquidation rights of the common stock; or                                           |
| ● | 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 May 7, 2025, we had unvested stock options to purchase a total of 478,777 shares of common stock at a weighted average exercise price of $2.01 per share and 159,583 shares of unvested restricted stock or restricted stock units. As of May 7, 2025, an additional 4,694,636 shares of common stock were available for future award grants under our stock incentive plan.

Outstanding Warrants

As of May 7, 2025, there were 8,519 pre-funded warrants and 71,604,699 shares of common stock issuable upon the exercise of warrants as follows:

| Offering                                              |     | Number of 
 Warrants  |            |     | Issue    
 Date     
 Exercise 
 Price    |        |     | Current  
 Exercise 
 Price(1) |        |    |     | Expiration Date |                   |   |
|:------------------------------------------------------|:----|:----------|-----------:|:----|:---------|-------:|:----|:---------|-------:|---:|:----|:----------------|:------------------|:--|
| July 2022 RDO warrants                                |     |           |         32 |     | $        | 66