22nd Century Announces 1-for-135 Reverse Stock Split [Yahoo! Finance]
22nd Century Group, Inc (XXII)
NASDAQ:AMEX Investor Relations:
xxiicentury.com
Company Research
Source: Yahoo! Finance
tobacco products company that is leading the fight against nicotine and believes smokers should have a choice about their nicotine consumption, today announced that it will effect a reverse stock split of its outstanding shares of common stock, par value $0.00001 per share (the "Common Stock"), at a ratio of 1-for-135, to be effective as of December 17, 2024. The reverse stock split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on Nasdaq. Lawrence Firestone, Chief Executive Officer said, "Over the past year since joining the Company, we have made significant changes which have improved our operating model and balance sheet. We are moving quickly to activate our new VLN strategy which includes deploying private label VLN brands. We are on track to become EBITDA profitable as early as the first quarter of 2025. With our operating improvements and recent actions, we recently regained comp
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XXII
News
- 22nd Century Group, Inc. (NASDAQ: XXII) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- 22nd Century Group, Inc. (NASDAQ: XXII) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- 22nd Century Group, Inc. (NASDAQ: XXII) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- 22nd Century Group, Inc. (NASDAQ: XXII) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- 22nd Century Group, Inc. (NASDAQ: XXII) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
XXII
Earnings
- 5/15/24 - Beat
XXII
Sec Filings
- 12/17/24 - Form 8-K
- 12/6/24 - Form 8-K
- 12/3/24 - Form SC
- XXII's page on the SEC website