22nd Century Group stockholders approve reverse stock split plan at special meeting
Reuters2026/08/05 18:27- 22nd Century Group held a special shareholder meeting on Aug. 5, 2026.
- Stockholders authorized a reverse stock split, with the ratio to be set by the board within a 1-for-2 to 1-for-200 range.
- Investors also cleared the issuance of 3,019,586 inducement warrants issued in June 2026, including the shares issuable on exercise.
- Approval was granted for potential future offerings of up to $20 million of convertible preferred stock with accompanying warrants.
- Stockholders also approved a potential future offering of up to $10 million of common stock with accompanying warrants, along with authorization to adjourn if needed to solicit additional proxies.
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