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AI brief of an SEC Form 8-K · 22nd Century Group, Inc. (XXII)

22nd Century Group sold 15.8 million shares in October for about $4.7 million

Negative Impact 4 of 5 financing Written later

22nd Century Group filed a prospectus supplement allowing it to sell up to $18.8 million of common stock under its at-the-market offering with Needham & Company, LLC. During October 2026, the company sold 15,785,757 shares for gross proceeds of about $4.7 million, and it had 19,202,198 shares outstanding as of October 23, 2026, so the sales are large relative to the existing share count and dilute current holders.

Key points

  • Prospectus supplement permits sales of up to $18.8 million of common stock under the Needham & Company, LLC sales agreement, filed October 23, 2026.
  • During October 2026, the company sold 15,785,757 shares for gross proceeds of about $4.7 million.
  • 19,202,198 shares of common stock were outstanding as of October 23, 2026.
  • Exhibit 5.1 is an opinion of Foley & Lardner LLP, with a consent filed as Exhibit 23.1.

The filing

Company22nd Century Group, Inc. (XXII)
Form8-K, current report
Filed with the SECOct 23, 2026, 5:23 PM ET
Accession number0001493152-26-048281

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.