22nd Century Raises $1.68 Million in Regulation A Offering, Amends Senior Secured Credit Facility [Yahoo! Finance]
22nd Century Group, Inc (XXII)
NASDAQ:AMEX Investor Relations:
xxiicentury.com
Company Research
Source: Yahoo! Finance
nicotine harm reduction and contract manufacturing, today announced that it has secured an additional $1.68 million in gross proceeds from institutional investors through its Regulation A offering priced at $0.57 and from a separate private placement of common warrants. The Company also entered into an amendment to its existing debentures held by JGB Partners and related entities ("JGB"). Under the terms of the amended debenture agreements, JGB suspended provisions of the Debentures requiring 20% of any equity issuances to be paid to the Holders through December 31, 2024. Additionally, JGB will limit its monthly redemption right to not more than 50% of the amounts allowed beginning in August 2024 and through July 2025. "Accessing additional capital and amending the repayment terms of our Senior Secured Credit Facility enables 22nd Century Group to remain focused on the continued scaling of our contract manufacturing business, while at the same time reactivating and expanding our F
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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 (XXII) Q3 2024 Earnings Call Highlights: Navigating Challenges and ... [Yahoo! Finance]Yahoo! Finance
- 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
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- XXII's page on the SEC website