22nd Century Group, Inc. filed a prospectus supplement with the Securities and Exchange Commission on October 23, 2026, authorizing the sale of up to $18,800,000 in shares of its common stock. The filing expands the company's at-the-market offering program, which is conducted under a sales agreement with Needham & Company, LLC.
The company disclosed that it had already sold 15,785,757 shares of common stock during October 2026. These sales generated total gross proceeds of approximately $4.7 million under the existing Sales Agreement. As of the filing date, 22nd Century Group had 19,202,198 shares of common stock outstanding.
The prospectus supplement was filed pursuant to the company's Registration Statement on Form S-3, which carries Registration No. 333-294792. The current report was submitted under Item 8.01 for Other Events. Lawrence Firestone, the company's Chief Executive Officer, signed the report on behalf of the registrant.
The company is incorporated in Nevada and maintains its principal executive office at 321 Farmington Road in Mocksville, North Carolina. Its common stock, which has a par value of $0.00001, trades on the NASDAQ Capital Market under the symbol XXII. The filing includes an opinion from Foley & Lardner LLP as Exhibit 5.1 and a consent from the same firm as Exhibit 23.1.