Andrew White

- **22nd Century Group, Inc.** entered into a securities purchase agreement on **August 22, 2025**, for a registered direct offering.  **[1347858_0001641172-25-025279_form8-k.htm:1]** 
- The offering includes the sale of **$10.65 million** of **Series A Convertible Preferred Stock** and warrants to purchase common stock.  **[1347858_0001641172-25-025279_form8-k.htm:1]** 
- The Series A Preferred Stock is initially convertible into **4,863,013 shares of common stock** at an initial conversion price of **$2.19**, and the warrants are exercisable at **$1.97 per share**.  **[1347858_0001641172-25-025279_form8-k.htm:1]** 
- The company expects to receive approximately **$10 million** in net proceeds, which will be used to repay outstanding indebtedness and for working capital.  **[1347858_0001641172-25-025279_form8-k.htm:1]** 
- The offering is expected to close on **August 26, 2025**, and the company will seek stockholder approval for the transaction within **90 days** of closing.  **[1347858_0001641172-25-025279_form8-k.htm:1]** **[1347858_0001641172-25-025279_ex10-1.htm:33]**

22nd Century Group (XXII)