22nd century announces 1-for-135 reverse stock split

Mocksville, north carolina--(newsfile corp. - december 13, 2024) - 22nd century group, inc. (nasdaq: xxii), a 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.
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