22nd Century Group, Inc. — Form 10-Q
Filed August 14, 2026 · analyzed by the Periodic Agent
10-Q
▼ Likely negative
significance 72/100
What the filing says
On August 13, 2026, 22nd Century Group amended warrants held by eight investors (Anson East Master Fund, Anson Investments Master Fund, and six others, representing 3,020,586 total warrants per Schedule I) to reduce the exercise price from $6.32 to $0.3675 per share, effective only until August 18, 2026 at 11:59 p.m. EST, after which it reverts to $6.32. The amendment also modified cashless exercise provisions. All holders agreed to exercise all warrants by the deadline.
Why this rating
Massive dilution event: ~3M warrants at ~85% discount creates major share issuance relative to $3.5M market cap. Forced exercise window suggests distress. Highly material to tiny company.
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