22nd century announces pricing of $5.25 million public offering

Buffalo, n.y., oct. 17, 2023 (globe newswire) -- 22nd century group, inc. (nasdaq: xxii) (the “company”), a leading biotechnology company dedicated to improving health with reduced nicotine tobacco, hemp/cannabis and hops advanced plant technologies, today announced the pricing of its previously announced public offering of 10,000,000 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 20,000,000 shares of common stock, at a combined public offering price of $0.525 per share (or common stock equivalent in lieu thereof) and accompanying warrants. the warrants have an exercise price of $0.525 per share, are immediately exercisable and will expire five years following the date of issuance. the offering is expected to close on or about october 19, 2023, subject to the satisfaction of customary closing conditions.
XXII Ratings Summary
XXII Quant Ranking